Symphony Limited declared a final dividend of ₹5 per equity share for the financial year 2025-26 during its 39th Annual General Meeting (AGM) held on August 04, 2026. The payout, combined with three interim dividends aggregating to ₹4 per share, marks a total distribution of ₹9 per share for FY26, reflecting the company’s commitment to returning capital to shareholders. The meeting also addressed governance matters, including the re-appointment of key board members.

The AGM was conducted through Video Conferencing or Other Audio Visual Means (OAVM), commencing at 01:30 p.m. and concluding at 02:28 p.m. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Symphony Limited notified the National Stock Exchange of India Limited and BSE Limited of the proceedings. Shareholders received, considered, and adopted both the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports from the Board of Directors and auditors.

Dividend Declaration

The most significant financial outcome of the meeting was the confirmation of the dividend structure for FY26. The Board had previously paid three interim dividends totaling ₹4 per share. At the AGM, shareholders approved an additional final dividend of ₹5 per share. This brings the total dividend payout for the fiscal year to ₹9 per share. The declaration underscores the company’s stable cash flow generation and its policy of consistent shareholder returns.

Board Re-Appointments

The AGM also focused on board continuity and governance. Two directors were put up for re-appointment:

Ms. Jonaki Bakeri retired by rotation but offered herself for re-appointment, which was accepted by the shareholders. Similarly, Mr. Nrupesh Shah was re-appointed as Managing Director - Corporate Affairs, ensuring experienced leadership in corporate affairs continues.

What This Means for Shareholders

The declaration of a ₹5 final dividend is a material positive signal for investors, indicating strong liquidity and profitability in FY26. With the total dividend rising to ₹9 per share, Symphony Limited reinforces its reputation as a consistent dividend payer. The re-appointment of existing directors suggests stability in the company’s strategic direction and governance framework. Investors should note that the results of remote e-voting and e-voting at the AGM will be intimated separately by the company.

Symphony Limited has declared an interim dividend of ₹1.00 per equity share for the financial year 2026-27, signaling continued cash generation and shareholder returns. The Board of Directors approved the distribution during its meeting held on August 04, 2026. The dividend amount represents a 50% payout on the face value of ₹2.00 per share. This declaration is significant for investors as it confirms the company’s liquidity position and commitment to distributing profits, while also introducing strict compliance requirements regarding tax deduction at source (TDS) under the new Income-tax Act, 2025.

The dividend will be payable to shareholders whose names appear in the Register of Members as on the record date, Tuesday, August 11, 2026. In line with Reserve Bank of India guidelines, the company will distribute the dividend exclusively through electronic modes. Issuing physical instruments such as warrants, cheques, or drafts is no longer allowed. Shareholders holding shares in demat form must ensure their bank account details are updated with their Depository Participant (DP). Those holding shares in physical mode must submit Form ISR-1, ISR-2, SH-13, a cancelled cheque, and other relevant documents to the Registrar and Share Transfer Agent (RTA), M/s. Bigshare Services Private Limited.

TDS Compliance and Shareholder Obligations

Under the provisions of the Income-tax Act, 2025, dividends paid on or after April 1, 2026, are taxable in the hands of shareholders. Symphony Limited is required to withhold tax at source (TDS) at prescribed rates, including applicable surcharge and cess. The TDS rate varies based on the shareholder’s residential status and submitted documentation. Failure to provide valid details may result in TDS being deducted at the maximum applicable rate or 20% if PAN is invalid.

Shareholders must ensure the following mandatory details are updated in their depository records or register of members by the record date:

• Residential status (Resident or Non-Resident) for Tax Year 2026-27
• Valid Permanent Account Number (PAN)
• Category of shareholder (e.g., Individual, Mutual Fund, AIF, FPI)
• Email ID and Address

Tax Rates and Exemptions

The following table outlines the TDS rates and documentation requirements for key shareholder categories under Section 393 of the Act:

Non-resident shareholders seeking benefits under Double Tax Avoidance Agreements (DTAA) must submit Electronic Form 41, a valid Tax Residency Certificate, and a self-declaration confirming beneficial ownership and absence of a Permanent Establishment in India. These documents must be emailed to the RTA or Company on or before August 11, 2026.

What the Numbers Show

The declaration of a ₹1.00 interim dividend, equivalent to a 50% payout ratio on the face value, indicates a balanced approach to retaining earnings for growth while rewarding shareholders. The shift to mandatory electronic payments and stricter TDS compliance reflects broader regulatory trends towards digital transparency and tax efficiency. Investors should note that any excess TDS deducted due to missing documents can be claimed as a refund via income tax returns, but the company will not entertain claims for taxes deducted at higher rates due to non-compliance.