Petronet LNG sets TDS framework for Rs 3 FY26 dividend

2 min read     Updated on 20 Jun 2026, 01:18 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Petronet LNG has communicated the tax deduction at source (TDS) rates for the final dividend of Rs 3 per share for FY26, recommended by the Board on May 4, 2026. Resident individuals are subject to 10% TDS, exempt if the total dividend is under Rs 10,000 or Form 121 is submitted, while specific entities like mutual funds enjoy a NIL rate. Non-resident shareholders face a 20% TDS plus surcharge and cess, though treaty benefits may apply. All necessary documents must be submitted to Bigshare Services Private Limited by 11:59 PM (IST) on July 10, 2026.

powered bylight_fuzz_icon
43421213

*this image is generated using AI for illustrative purposes only.

Petronet LNG has established the tax deduction at source (TDS) framework for the final dividend of Rs 3 per share declared for the financial year 2025-26. The payout, recommended by the Board on May 4, 2026, is contingent upon shareholder approval at the ensuing 28th Annual General Meeting. The record date for determining dividend eligibility is June 12, 2026, with payment scheduled within 30 days of the AGM's approval.

TDS Rates for Resident Shareholders

The company will deduct tax at source under Section 393(1) of the Income Tax Act, 2025. For resident individuals, TDS is set at 10% on the dividend amount. However, no TDS applies if the aggregate dividend paid during the tax year 2026-2027 does not exceed Rs 10,000. Individuals may also avoid TDS by submitting a valid Form 121, provided eligibility conditions are met.

For resident entities such as insurance companies, mutual funds, and alternative investment funds, the TDS rate is NIL, subject to the submission of specific documentary evidence and self-declarations. Failure to provide a valid PAN or an inoperative PAN due to non-linkage with Aadhaar will result in a higher deduction rate of 20%.

Category of Shareholder Tax Deduction Rate Key Requirement
Resident Individuals 10% Valid PAN required; NIL if dividend ≤ Rs 10,000 or Form 121 submitted
Insurance Companies NIL Registration certificate and self-declaration
Mutual Funds NIL Proof of Schedule VII compliance and self-declaration
Other Residents (No PAN) 20% Applicable if PAN is invalid or not linked with Aadhaar

Guidelines for Non-Resident Shareholders

Non-resident shareholders, including Foreign Institutional Investors and Foreign Portfolio Investors, face a TDS rate of 20% plus applicable surcharge and cess. This rate may be lowered if the provisions of a Double Taxation Avoidance Agreement (DTAA) are more beneficial. To claim treaty benefits, non-residents must submit a Tax Residency Certificate (TRC), a self-attested PAN copy, a duly e-filed Form 41, and a declaration regarding beneficial ownership.

Document Submission Deadline

Shareholders must submit all relevant forms and declarations to the Registrar and Share Transfer Agent, Bigshare Services Private Limited, via email at tds@bigshareonline.com . The company has specified that no documents or communications regarding tax determination will be accepted after 11:59 PM (IST) on July 10, 2026. Shareholders are advised to ensure their bank details and email IDs are updated to facilitate the electronic transfer of funds.

Historical Stock Returns for Petronet LNG

1 Day5 Days1 Month6 Months1 Year5 Years
+0.16%+9.75%+8.88%+7.40%-2.84%+27.83%

How will the new TDS framework impact retail investor sentiment towards Petronet LNG ahead of the AGM?

What is the expected dividend yield for shareholders based on the current market price?

Could the strict documentation deadline for non-resident shareholders influence foreign investment flows?

Petronet LNG outlines schedule for analyst meets in FY26

1 min read     Updated on 19 Jun 2026, 01:29 AM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Petronet LNG Limited has announced its schedule for analyst and institutional investor meets scheduled from June to September 2026. The company will engage with investors through seven conferences, facilitating both one-on-one and group meetings. These interactions are aimed at discussing the company's performance and outlook without sharing any unpublished price sensitive information.

powered bylight_fuzz_icon
43331675

*this image is generated using AI for illustrative purposes only.

Petronet LNG Limited has outlined its schedule for analyst and institutional investor meets from June to September 2026. The company will engage with investors through seven conferences, facilitating both one-on-one and group meetings to discuss its performance and outlook. These interactions are intended to provide updates without sharing any unpublished price sensitive information.

The schedule includes participation in major financial conferences such as the 22nd UBS India Summit and the JP Morgan India Conference 2026. The meetings will be conducted in Mumbai, with the exception of the Macquarie event, which will be held virtually. This initiative aligns with the company's ongoing investor relations efforts under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Schedule

The following table details the upcoming meetings:

Date Particulars Type of Meeting Location
29.06.2026 Across the Barrel: APAC & Middle East Energy Dialogues, by Macquarie One-to-One/ Group Meeting(s) Virtual
13.08.2026 Emkay Confluence – India: Full Throttle Ahead One-to-One/ Group Meeting(s) Mumbai
14.08.2026 Equirus Annual India Conference 2026 One-to-One/ Group Meeting(s) Mumbai
17.08.2026 22nd Annual Global Investor Conference, by Motilal Oswal One-to-One/ Group Meeting(s) Mumbai
11.09.2026 22nd UBS India Summit One-to-One/ Group Meeting(s) Mumbai
21.09.2026 JP Morgan India Conference 2026 One-to-One/ Group Meeting(s) Mumbai
22.09.2026 Bharat – The Next Engine of Global Growth, by Anand Rathi Institutional Equities One-to-One/ Group Meeting(s) Mumbai

Regulatory Compliance

The disclosure was submitted to the BSE Limited and the National Stock Exchange of India Ltd. in compliance with regulatory requirements. Petronet LNG clarified that the discussions during these conferences will not involve the disclosure of any unpublished price sensitive information. The intimation was signed by Rajan Kapur, GGM & President - Company Secretary.

Historical Stock Returns for Petronet LNG

1 Day5 Days1 Month6 Months1 Year5 Years
+0.16%+9.75%+8.88%+7.40%-2.84%+27.83%

What key performance indicators and strategic updates is Petronet LNG likely to emphasize during these investor meetings?

How might the engagement at major conferences like the UBS and JP Morgan summits influence institutional investor sentiment towards the stock?

What are the anticipated market expectations for Petronet LNG's growth outlook leading up to the September 2026 conferences?

More News on Petronet LNG

1 Year Returns:-2.84%