Pidilite Industries has announced a dividend of ₹11.50 per equity share for the financial year ended March 31, 2026, subject to approval by shareholders at the ensuing Annual General Meeting. The company stated that dividend income is taxable in the hands of shareholders under the Income Tax Act, 2025, and tax will be deducted at source (TDS) at the time of payment if applicable. Shareholders have been advised to update their records, including tax residential status and PAN, to ensure accurate tax deduction.

Applicable TDS Rates for Resident Shareholders

The company outlined the tax deduction rates for different categories of resident shareholders. Resident individuals with a valid PAN are subject to a 10% TDS, though no tax will be deducted if the total dividend income during the tax year 2026-27 does not exceed ₹10,000 or if Form 121 is submitted. For resident individuals without a valid PAN or where there is a discrepancy, a higher rate of 20% applies. Resident non-individuals, such as insurance companies and mutual funds, are eligible for Nil TDS upon submission of specific self-declarations and registration certificates.

Provisions for Non-Resident Shareholders

For non-resident shareholders, the domestic tax law mandates a withholding rate of 20% plus applicable surcharge and cess. However, shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more favorable. To avail DTAA benefits, non-resident shareholders must submit a Tax Residency Certificate for the tax year 2026, Form 41 filed online, and a self-declaration regarding treaty eligibility. The company clarified that the application of beneficial DTAA rates depends on the satisfactory review of submitted documents.

Submission Deadline and Process

Pidilite Industries has set a deadline of Friday, July 10, 2026, for the submission of all tax-related documents to determine the appropriate withholding tax rate. Documents can be uploaded via a specific link or sent to designated email addresses for resident and non-resident shareholders. Any communication received after this date will be accepted at the sole discretion of the company. The dividend payment will be made electronically only after the necessary tax deductions.

Document Submission Channels

Shareholders can submit forms such as Form 121 and Form 41 through their depositories, Central Depository Services (India) Limited (CDSL) or National Securities Depositories Limited (NSDL), for dematerialized holdings. Alternatively, documents can be sent via email to the Registrar and Transfer Agent, MUFG Intime India Private Limited, or the investor relations department. The company emphasized that failure to provide the required details may result in a higher tax deduction, though shareholders can claim refunds while filing income tax returns if eligible.

Pidilite Industries has announced a schedule of meetings with analysts and institutional investors for June 2026. The company will engage with three major entities—HSBC Securities, Millenium Management, and Macquarie—to discuss its performance and outlook. These interactions are part of the company's routine investor relations activities under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meetings will be conducted in Mumbai, utilizing both physical and virtual formats. The schedule includes sessions with HSBC Securities and Macquarie as physical meetings, while the interaction with Millenium Management will be a virtual conference. All meetings are designated as single-institution interactions.

The detailed schedule for the meetings is as follows:

The company has noted that the dates are subject to change due to exigencies on the part of the investors or the company. This information has been disclosed to the stock exchanges and is also available on the company's official website.