News Corporate Actions Gandhar Oil Refinery Declares Interim Dividend of Rs 0.75 Per Share for FY 2025-26Gandhar Oil Refinery Declares Interim Dividend of Rs 0.75 Per Share for FY 2025-26
Gandhar Oil Refinery (India) Limited has declared an interim dividend of Rs 0.75 per equity share for FY 2025-26, with record date set as January 30, 2026. The Board approved this 37.5% dividend on face value at their January 23, 2026 meeting. The company has issued detailed TDS guidelines, with resident shareholders facing 10% tax (subject to exemptions) and non-residents subject to 20% plus surcharge/cess or lower treaty rates with proper documentation.
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Gandhar Oil Refinery (India) Limited has announced an interim dividend payment for the financial year 2025-26, following a Board of Directors meeting held on January 23, 2026. The company has declared a dividend of Rs 0.75 per equity share, representing 37.5% on the face value of Rs 2.00 each.
Dividend Payment Details
The interim dividend will be payable to shareholders whose names appear in the Register of Members or the list of Beneficial Owners as provided by the depositories (NSDL and CDSL) as on the record date.
| Parameter: | Details |
|---|---|
| Dividend Amount: | Rs 0.75 per equity share |
| Percentage on Face Value: | 37.5% |
| Face Value: | Rs 2.00 per share |
| Record Date: | January 30, 2026 |
| Board Meeting Date: | January 23, 2026 |
| Financial Year: | 2025-26 |
Tax Deduction Requirements
As per the Income Tax Act, 1961, dividends paid after April 1, 2020, are taxable in shareholders' hands, requiring the company to deduct tax at source (TDS) during payment. The TDS rates vary based on shareholder category and residential status.
Resident Shareholders Tax Structure
| Category: | TDS Rate | Key Requirements |
|---|---|---|
| Resident with PAN: | 10% | Valid PAN updated with depository/registrar |
| Dividend below Rs 10,000: | NIL | For individual shareholders in FY 2025-26 |
| Form 15G/15H Eligible: | NIL | Age-based forms with prescribed conditions |
| Insurance Companies: | NIL | Self-declaration with IRDAI registration |
| Mutual Funds (10(23D)): | NIL | Self-declaration with SEBI registration |
Non-Resident Shareholders Tax Structure
| Category: | TDS Rate | Documentation Required |
|---|---|---|
| Standard Non-Resident: | 20% plus surcharge/cess | Basic compliance documents |
| Tax Treaty Eligible: | Lower treaty rate | TRC, Form 10F, beneficial ownership declaration |
| FII/FPI: | 20% or treaty rate | TRC, Form 10F, self-declarations |
| Section 195(3)/197 Order: | As per order | Valid withholding tax certificate |
Important Compliance Guidelines
Shareholders must submit required documents by visiting the designated link before January 30, 2026, to ensure appropriate TDS rates. The company has emphasized that no communications or documents regarding tax determination will be considered after 11:59 PM IST on January 30, 2026.
Key compliance points include:
- Valid PAN recording is mandatory for all categories
- Absence of valid PAN results in 20% TDS under Section 206AA
- Multiple account holders under single PAN will face higher applicable tax rates
- TDS certificates will be sent to registered email addresses post-dividend payment
Administrative Details
The company's registrar and transfer agent, MUFG Intime India Private Limited, will handle the dividend distribution process. Shareholders can access TDS credits through Form 26AS on the income tax e-filing portal. The company has clarified that shareholders can claim appropriate refunds through income tax returns if higher rates are deducted due to missing documentation.
Gandhar Oil Refinery operates from its registered office at DLH Park, 18th Floor, S.V. Road, Goregaon West, Mumbai, and maintains its commitment to transparent shareholder communication through this comprehensive dividend announcement.
Historical Stock Returns for Gandhar Oil Refinery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.05% | +5.92% | +11.50% | -3.28% | -15.02% | -45.88% |
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