RPG Life Sciences Limited has cancelled the record date of June 19, 2026, which was erroneously entered on the NEAPS portal for determining eligibility for the final dividend. The company clarified that the record date was not fixed in its April 29, 2026 announcement regarding the Annual General Meeting. The updated record date will be communicated to shareholders once the AGM date is finalized by the Board.

In a communication to the National Stock Exchange of India Limited, the company stated that the erroneous entry was made inadvertently while updating the NEAPS portal. The company requested the exchange to treat the aforementioned record date as cancelled. The announcement regarding the Annual General Meeting on April 29, 2026, had stated that the meeting would be held as per directives issued by relevant authorities, but it did not fix a record date for the dividend payment.

Rajesh Shirambekar, Head – Legal & Company Secretary, signed the communication confirming the cancellation of the incorrect date. The company assured that the correct record date for the final dividend would be duly intimated after the AGM date is finalized. Shareholders are advised to await further announcements from the company regarding the specific date.

The cancellation follows an email from the exchange dated June 15, 2026, seeking clarification on the record date entry. The company acted promptly to correct the misinformation and ensure that shareholders receive accurate data regarding dividend eligibility.

RPG Life Sciences Limited has set a July 3, 2026 deadline for shareholders to submit documentation required for claiming tax exemptions on the final dividend for FY26. The company's Board recommended a dividend of ₹24 per share, subject to shareholder approval, and outlined the tax deduction at source (TDS) protocols that will apply based on the residential status and category of the shareholder.

The company stated that under the Income Tax Act, 2025, the final dividend for FY26 payable in FY27 is taxable in the hands of shareholders. Consequently, RPG Life Sciences will deduct tax at prescribed rates, which vary depending on the shareholder's status and the valid documents submitted. Shareholders are required to ensure their Permanent Account Number (PAN), residential status, and bank details are updated with the depository participant or the registrar, MUFG Intime India Private Limited.

Tax Rates for Resident Shareholders

For resident shareholders, TDS will be deducted at 10% on the dividend amount under Section 393(1) of the Act. However, individuals are exempt from TDS if the aggregate dividend distributed during FY27 does not exceed ₹10,000. The company warned that higher tax rates will apply to shareholders with inoperative PANs or those who have not linked their PAN with Aadhaar.

Specific categories of resident shareholders can claim exemptions from TDS by submitting self-certified documents. These include resident individuals filing Form 121, insurance companies, mutual funds, and Alternative Investment Funds (AIF) established in India. Entities exempt under Section 11 of the Act and corporations established by a Central Act must also provide relevant documentary evidence to avoid TDS.

Provisions for Non-Resident Shareholders

Non-resident shareholders face a withholding tax rate of 20%, plus surcharge and cess, unless they opt for benefits under the Double Taxation Avoidance Agreement (DTAA). To avail of DTAA benefits, which may offer more favorable rates, non-residents must provide a Tax Residency Certificate (TRC), e-filed Form 41, and a self-declaration of no taxable presence in India.

The company clarified that it retains sole discretion regarding the application of beneficial DTAA rates based on its review of the submitted documents. Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI) will be subject to the 20% rate or the applicable DTAA rate, whichever is more beneficial, provided the necessary documentation is submitted.

Submission and Compliance Guidelines

All documents must be submitted to MUFG Intime India Private Limited via post or registered email by July 3, 2026. Shareholders with multiple accounts under different categories should note that the highest applicable tax rate will be considered for their entire holding. The company emphasized that failure to submit the required documents will result in tax deduction at higher rates, and shareholders will need to claim credits or refunds through their income tax returns.

In cases of joint holdings, the first-named shareholder must furnish the requisite documents. The company further stated that any income tax demands arising from misrepresentation or omission of information by the shareholder will be the shareholder's responsibility, including indemnifying the company.