NOCIL sets ₹1.50 dividend for FY26, details TDS rules

NOCIL Limited has announced a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors on May 7, 2026, is subject to approval at the 64th Annual General Meeting (AGM) scheduled for August 3, 2026. The payout will be made on or after August 10, 2026, to shareholders whose names appear on the register of members as on the record date of July 24, 2026.

Dividend income is taxable in the hands of shareholders under the Finance Act, 2020. Consequently, NOCIL will deduct tax at source (TDS) under the Income Tax Act, 2025 at the time of distribution. The applicable TDS rate depends on the shareholder's residential status and the documentation submitted by the deadline of July 20, 2026. Failure to provide the necessary details may result in a higher deduction or ineligibility for the dividend.

Tax Deduction Rates and Documentation

The TDS rates and required documents vary by shareholder category. Resident shareholders are generally subject to a 10% deduction, while non-resident shareholders face a 20% rate (plus surcharge and cess) or the applicable tax treaty rate, whichever is lower.

Category	Tax Rate	Key Requirement
Resident Shareholder	10%	Valid PAN updated with Depositories or KFin
Resident without PAN	20%	PAN is mandatory to avoid higher rate
Non-Resident Shareholder	20% or Treaty Rate	Tax Residency Certificate and Form 41

Specific exemptions apply to resident individuals if dividend income does not exceed ₹10,000 during the Tax Year 2026-27. Senior citizens or those with income below the basic exemption limit may submit Form 121 for nil or lower deduction. Entities such as insurance companies, mutual funds, and corporations established under Central Acts must provide valid declarations to claim exemption.

Compliance and Payment Mode

Dividend payments will be made exclusively through electronic means; no Demand Drafts or Pay Orders will be issued. Shareholders holding shares in demat form must ensure their email IDs and bank details are updated with their Depository Participants. Those holding physical shares must submit a written request in Form ISR-1 to KFin Technologies Limited to update records.

NOCIL emphasized that tax deduction compliance is governed by the Income Tax Act, 2025, and the Finance Act, 2020. The company will issue TDS certificates in Form 131, and shareholders can verify the credit via Form 168. Non-compliance with PAN requirements or failure to link Aadhaar may result in a 20% TDS deduction and penalties under Section 467 of the Act.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.33%	-4.00%	-14.27%	-5.63%	-23.16%	-24.46%

NOCIL Limited announced that Mr. Vilas R. Gupte has ceased to be an Independent Director of the company. This change follows the completion of his tenure of five consecutive years, effective at the close of business hours on May 26, 2026. Consequently, he has also ceased to be a Director of the company from the same date.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the cessation was due to the completion of the director's tenure.