Transrail Lighting has recommended a final dividend of ₹2.00 per equity share for the financial year ending March 31, 2026. This payout represents a 100% dividend on the face value of Re. 2 per share.

The Board of Directors approved the recommendation during its meeting held on May 26, 2026. Shareholders must approve the dividend at the Annual General Meeting (AGM) scheduled for September 28, 2026.

Dividend Timeline and Eligibility

Eligibility for the dividend is determined by the register of members as on the record date. Only those shareholders whose names appear in the register or the list of beneficial owners provided by depositories as on this date will receive the payout.

Tax Deduction at Source (TDS) Guidelines

Under the Income-tax Act, 2025, dividends are taxable in the hands of shareholders. Transrail Lighting will deduct tax at source (TDS) before making payments. The applicable rates depend on shareholder residency and documentation status.

Resident Shareholders

For resident individuals with a valid Permanent Account Number (PAN), the standard TDS rate is 10%. No tax is deducted if the total dividend income for the tax year 2026-27 does not exceed ₹10,000. Shareholders can claim exemption from TDS by submitting Form 121 if their estimated total income results in nil tax liability.

Failure to provide a valid PAN or link it with Aadhaar will result in TDS deduction at a higher rate of 20%. Specific exemptions apply to mutual funds, alternative investment funds (AIFs), and insurance companies upon submission of relevant self-declarations and registration certificates.

Non-Resident Shareholders

Non-resident shareholders face a standard TDS rate of 20%, plus applicable surcharge and cess. However, eligible investors can claim benefits under Double Taxation Avoidance Agreements (DTAA) by submitting required documents, including a Tax Residency Certificate and Form 41. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) follow similar documentation protocols to avail treaty rates.

Document Submission Deadline

Shareholders seeking exemption from TDS or claiming treaty benefits must submit the necessary forms and declarations to the company or its registrar. The deadline for submission is September 18, 2026, by 11:59 pm IST. Documents can be submitted via email or through the designated online portal.

Transrail Lighting has recommended a final dividend of ₹2 per equity share for FY26, subject to shareholder approval at its upcoming annual general meeting. The company has scheduled its 19th AGM for September 28, 2026.

The Board of Directors also fixed September 11, 2026, as the record date to determine shareholders eligible for the dividend payout. This recommendation follows the company's financial performance for the fiscal year ending March 31, 2026.

Meeting Details and Voting

The 19th Annual General Meeting will be held via video conference or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. It is scheduled to begin at 3:30 pm on Monday, September 28, 2026.

Shareholders holding shares as of September 21, 2026, will be entitled to cast their votes electronically. This cut-off date aligns with Regulation 44 of SEBI LODR and Section 108 of the Companies Act, 2013. The e-voting facility will be available through Central Depository Services Limited (CDSL). Individual demat account holders can vote using single login credentials via their depository or depository participant websites.

Dividend and Tax Implications

The final dividend will be paid within 30 days from the date of the AGM, provided it is approved by shareholders. Only members on record as of September 11, 2026, will receive the payout.

In compliance with SEBI circulars effective April 1, 2024, dividends will be paid electronically even to physical shareholders, but only if their folios are KYC compliant. A folio is considered compliant upon registration of full address, mobile number, email, bank details, specimen signature, nomination choice, and valid PAN.

Members are informed that dividends are taxable under the Income Tax Act. The company will deduct tax at source (TDS) based on the shareholder's residential status and PAN. Shareholders are requested to update their tax-related documents with their depository participants or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, by September 18, 2026, to ensure accurate TDS deduction.

Monica Gandhi, Company Secretary and Compliance Officer, issued the notice confirming these dates and procedures.