Syngene International declares ₹1.25 final dividend for FY26

Syngene International has recommended a final dividend of ₹1.25 per equity share for the financial year ended March 31, 2026. The dividend, approved by the Board of Directors on April 29, 2026, amounts to a rate of 12.50% and is subject to shareholder approval at the 33rd Annual General Meeting scheduled for July 29, 2026. The record date to determine shareholder eligibility has been set as June 26, 2026.

The company communicated that the dividend will be paid via electronic credit to shareholders with registered bank accounts, while others will receive dividend warrants. In compliance with the Income-tax Act, 2025, the company will deduct tax at source (TDS) on the dividend payments. The applicable TDS rate varies based on the shareholder's residential status, category, and documentation submitted.

Resident Shareholder TDS Rates

For resident shareholders, TDS rates range from nil to 20% depending on specific exemptions and documentation. Shareholders such as insurance companies, mutual funds, and corporations exempt under a Central Act may qualify for nil TDS upon providing self-declarations and valid certificates. Other resident shareholders with a valid PAN face a 10% TDS, while those without a valid PAN or Aadhaar linkage will be subject to a 20% deduction.

Category	Rate of TDS	Key Requirement
Insurance Company	Nil	Self-declaration and IRDAI/LIC/GIC certificate
Mutual Fund	Nil	Self-declaration and registration certificate
Exempt Corporation	Nil	Self-declaration and evidentiary document
Other Resident Shareholders (Valid PAN)	10%	Valid PAN
Shareholder without PAN/Invalid PAN	20%	N/A

Non-Resident Shareholder TDS Rates

Non-resident shareholders, including Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI), are subject to a base TDS rate of 20% plus surcharge and cess. However, rates may vary if the shareholder provides a valid certificate under Section 395(1) of the Act or if they are governed by the provisions of a Double Taxation Avoidance Agreement (DTAA). To claim DTAA benefits, non-resident shareholders must submit a Tax Residency Certificate and a self-declaration.

Category	Rate of TDS	Key Requirement
Category III AIF	10% + surcharge & cess	PAN and registration certificate
Non-Resident / FII / FPI	20% + surcharge & cess	PAN or details as per Annexure 4
DTAA Beneficiaries	As per DTAA	Tax Residency Certificate and Form 41

Shareholders must submit necessary documents, such as Form 121 or self-declarations, to KFin Technologies Limited, the Registrar and Transfer Agent, by July 10, 2026. Submissions can be made online or via physical post. The company emphasized that incomplete or unsigned forms will not be accepted, and any communication received after the deadline will not be considered.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.59%	-2.24%	-4.09%	-32.74%	-30.36%	-23.26%

Syngene International shareholders have approved the transition of Ms. Kiran Mazumdar-Shaw from Non-Executive Chairperson to Executive Chairperson, a Key Managerial Personnel, along with the payment of managerial remuneration. The special resolution was passed with the requisite majority on June 19, 2026, the last date of receipt of postal ballot e-voting. This change elevates the role of the founder within the company's management structure.

The postal ballot process, conducted entirely through remote e-voting from May 21, 2026, to June 19, 2026, saw significant participation across shareholder categories. A total of 351,342,683 votes were polled, representing 87.19% of the company's outstanding shares. The resolution secured approval with 91.4% of the valid votes cast, despite opposition from a section of public institutional shareholders.

Voting Breakdown

The voting pattern revealed a divergence between promoter and public institutional shareholders. While the promoter group voted overwhelmingly in favour, public institutions showed significant dissent. The following table details the voting distribution across key categories:

Category	Shares Held	Votes Polled	Votes In Favour	Votes Against	% In Favour
Promoter and Promoter Group	212,283,697	211,185,608	211,185,608	0	100.00%
Public-Institutions	162,148,859	140,045,579	109,840,817	30,204,762	78.43%
Public-Non Institutions	28,506,864	111,496	102,962	8,534	92.35%
Total	402,939,420	351,342,683	321,129,387	30,213,296	91.40%

Procedural Details

The Scrutinizer's Report, submitted by V Sreedharan & Associates, confirmed the validity of the process pursuant to Section 110 of the Companies Act, 2013. The report noted that the notice was dispatched electronically on April 29, 2026, and advertisements were published in the Financial Express and Vijayavani on May 21, 2026. The record date for determining eligibility was May 15, 2026, at which point the company had 146,402 shareholders on its register.

The resolution required a special majority due to the alteration in the role of a Key Managerial Personnel. The total paid-up equity capital as on the cut-off date of May 15, 2026, stood at 4,029,394,20 equity shares of ₹10 each. The results of the remote e-voting and the Scrutinizer's Report are available on the company's website and the portal of KFin Technologies Limited, the Register and Share Transfer Agents.