Siemens Limited has requested shareholders submit specific tax-related documents by Wednesday, July 29, 2026, to facilitate the correct deduction of Tax Deduction at Source (TDS) on the proposed dividend for the financial year ended March 31, 2026. The company's Board of Directors previously recommended a dividend of ₹18 per equity share of ₹2 each at its meeting held on May 26, 2026. This payout is subject to approval by shareholders at the ensuing Annual General Meeting.

The company is required to deduct tax at source under the Income-tax Act, 2025, at the time of dividend payment. To determine the appropriate withholding tax rate, Siemens Limited has outlined specific documentation requirements for different categories of members. The standard TDS rate for resident members with a valid Permanent Account Number (PAN) is 10%. However, if a member does not have a valid PAN or has failed to link their Aadhaar, the TDS rate increases to 20%.

Resident individuals may be exempt from TDS if the total dividend paid during Tax Year 2026-27 is up to ₹10,000 or if they submit Form 121 declaring eligibility. Resident non-individuals, such as insurance companies, mutual funds, and Alternative Investment Funds (AIFs), must submit self-declarations and self-attested copies of PAN cards and registration certificates to claim exemptions.

For non-resident members, including Foreign Institutional Investors and Foreign Portfolio Investors, the standard TDS rate is 20% plus applicable surcharge and cess. These members can opt for lower or nil withholding by providing a certificate under Section 395(1) of the Act. Additionally, non-resident members wishing to claim benefits under a Double Tax Avoidance Treaty must provide a self-attested copy of their PAN, a Tax Residency Certificate for the period April 2026-March 2027, and a declaration confirming no Permanent Establishment in India.

Shareholders holding shares in multiple folio or demat accounts with different statuses under a single PAN should note that the highest applicable tax rate will be considered for their entire holding. Siemens Limited has specified that dividend will be paid only in electronic form, urging members to update bank details with their depository participants or the registrar. Documents must be sent to the designated email address by the July 29, 2026 deadline; communications received after this date regarding tax determination will not be entertained.

Siemens and IFS announced a strategic partnership on June 29, 2026, to help manufacturers connect engineering intelligence with operational reality using industrial AI. The collaboration aims to increase product value and optimize production assets across the entire product lifecycle by addressing the disconnect between factory operations design and actual execution. This partnership seeks to resolve issues such as unplanned downtime, disconnected maintenance schedules, and siloed production data that erode throughput and margins.

The partnership combines Siemens 's leadership in industrial AI, engineering, automation, and manufacturing execution with IFS's strengths in industrial AI, enterprise asset management, and field service domains. Together, the companies plan to create a closed-loop Digital Twin grounded in both design intent and field performance. This integrated approach is intended to be secure, governed, and auditable across design, simulation, service records, and factory execution.

Strategic Objectives

Manufacturers face increasing pressure to maximize the output of existing assets while protecting margins and extending equipment value. The partnership focuses on delivering productivity and adaptability by connecting leading AI-native production planning and asset management systems. The goal is to enable production, maintenance planning, and supply chain management systems to communicate effectively, ensuring engineering intent, real-world performance, and service strategy remain aligned.

Executive Perspectives

"Industrial AI only delivers value when it is grounded in both engineering intent and real-world performance," said Tony Hemmelgarn, president and chief executive officer of Siemens Digital Industries Software. He emphasized that connecting design, manufacturing, and asset lifecycle data in a secure, contextualized data fabric will empower customers with an executable Digital Twin to accelerate innovation.

Mark Moffat, chief executive officer of IFS, highlighted the necessity for factory floors to operate as designed. He stated that combining their collective strengths in Industrial AI allows manufacturers to close the loop between design and reality, unlocking measurable performance gains through closed-loop models and rich context data.

Financial Context

In fiscal 2025, which ended on September 30, 2025, the Siemens Group generated revenue of €78.9 billion and net income of €10.4 billion. As of September 30, 2025, the company employed around 318,000 people worldwide on the basis of continuing operations.