Punjab Chemicals and Crop Protection Ltd has recommended a final dividend of Rs.3.00 per equity share for the financial year ended March 31, 2026. The Board of Directors, at its meeting held on May 01, 2026, approved the payout of 30% on shares with a face value of Rs.10 each. This dividend is contingent upon shareholder approval at the ensuing Annual General Meeting. The company communicated the tax deduction at source (TDS) implications under the Income-tax Act, 2025, effective April 1, 2026, which mandates tax withholding on dividend payments based on shareholder residential status and documentation.

The applicable TDS rate varies depending on the validity of the Permanent Account Number (PAN) and specific declarations submitted to the company or its Registrar and Transfer Agent (RTA), Alankit Assignments Limited. No tax will be deducted if the total dividend paid during the Tax Year 2026-27 does not exceed Rs.10,000 for resident individual shareholders. Shareholders must submit scanned copies of required documents, such as PAN cards and declarations, to info@alankit.com or investorhelp@punjabchemicals.com on or before June 30, 2026. Documents received after this date will not be considered for determining the applicable tax rate.

Resident Shareholders

For resident shareholders, the TDS rate is determined by the validity of the PAN and specific declarations. A valid PAN results in a 10% deduction, while an invalid or missing PAN attracts a 20% rate. Shareholders seeking a lower or nil deduction must provide a valid certificate from the Income Tax Department under section 395(1) of the Act. Additionally, individuals with dividend income exceeding Rs.10,000 may submit Form 121 to avoid TDS.

Certain entities, such as LIC, GIC, Business Trusts, and specified Mutual Funds, are exempt from TDS under section 393(1) and 393(5) of the Act, provided they submit a self-declaration and adequate documentary evidence.

Non-Resident Shareholders

Non-resident shareholders face varying TDS rates ranging from NIL to 30%, depending on their category and documentation. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to a 20% rate plus surcharge and cess, or the applicable tax treaty rate, whichever is beneficial. To avail of the treaty rate, these shareholders must submit a Tax Residency Certificate and digital Form 41.

The company reserves the right to reject incomplete documents and deduct tax at a higher rate if discrepancies are found. Shareholders are advised to ensure their KYC details, including PAN and bank account information, are updated with the RTA or Depository Participant to facilitate seamless remittances.

Punjab Chemicals & Crop Protection Ltd will host a virtual investor meet on June 16, 2026, at 2:30 PM IST to engage with institutional investors and fund managers. The interaction aims to discuss the company's performance and outlook based on publicly available information, ensuring no unpublished price-sensitive information (UPSI) is shared during the session.

Meeting Details

The company's management will conduct the session virtually, adhering to regulatory guidelines. The schedule is subject to change due to exigencies, and updates will be available on the company's website.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the discussions will strictly rely on publicly available data, with no intent to disclose UPSI.

The information was submitted to BSE Limited and National Stock Exchange of India Limited, with scrip codes 506618 and symbol PUNJABCHEM, respectively. Rishu Chatley, Company Secretary & Compliance Officer, signed the filing on behalf of Punjab Chemicals & Crop Protection Ltd.