Vedant Fashions has notified shareholders regarding the deduction of tax at source on its proposed final dividend of ₹7.75 per equity share for FY26. The Board recommended the payout in its meeting on May 8, 2026, subject to approval at the Annual General Meeting scheduled for September 28, 2026.

Dividend Payout Details

The company will pay the dividend to shareholders based on beneficial ownership details furnished by depositories or the Register of Members as at the close of business on Monday, September 21, 2026. This date serves as the record date for determining eligibility. Payment is proposed for Tuesday, September 29, 2026, or later.

Tax Deduction at Source

Under the Income-tax Act, 2025, dividends are taxable in the hands of shareholders for Tax Year 2026-27. Vedant Fashions will deduct tax at applicable rates unless shareholders submit valid exemption documents. The standard TDS rate for resident individuals with a valid PAN is 10%. However, no TDS will be deducted if the total dividend paid to a resident individual during the tax year does not exceed ₹10,000.

Shareholders without a PAN or with an inoperative PAN (due to non-linking with Aadhaar) will face a higher TDS rate of 20%. To avail lower or nil tax rates, eligible residents must submit Form 121 by September 22, 2026. Non-resident shareholders may claim benefits under Double Taxation Avoidance Agreements by submitting a Tax Residency Certificate and Form 41.

Submission Guidelines

All required documents must be uploaded to the Registrar and Transfer Agent portal or emailed before 7:00 pm on Tuesday, September 22, 2026. Shareholders holding physical shares are also reminded to update their KYC details, including bank account information and specimen signatures, to facilitate electronic dividend payments.

Vedant Fashions Co CFO Rahul Murarka has resigned from his position, with the resignation taking effect on November 14, to pursue other opportunities.

Leadership change at Vedant Fashions

The departure of Rahul Murarka marks a notable change in the senior finance leadership at Vedant Fashions. Murarka's exit, effective November 14, was attributed to his intent to pursue other opportunities.