ADF Foods Limited Declares Final Dividend of Rs. 0.60 Per Equity Share

ADF Foods Limited Declares Final Dividend of Rs. 0.60 Per Equity Share​

ADF Foods Limited has announced a recommendation for a Final Dividend on its equity shares for the Financial Year ended March 31, 2026. The dividend is set at Rs. 0.60 per equity share, representing 30% of the face value of Rs. 2/- each.

The Board of Directors of ADF Foods Limited recommended this Final Dividend during its meeting held on May 13, 2026. While the recommendation has been made, the dividend is subject to final approval by Shareholders at the company's 36th Annual General Meeting (AGM), scheduled for August 12, 2026.

The company noted that the dividend payment will be disbursed within 30 days from the date of declaration, provided it receives shareholder approval at the AGM. The Record Date, which determines eligibility for those shareholders whose names appear in the Register of Members or List of Beneficial Owners, has been set as August 5, 2026.

Dividend and Taxation Overview​

The dividend payment is subject to Tax Deducted at Source (TDS) in accordance with the Income Tax Act, 2025, as dividends paid or distributed by a company are taxable in the hands of shareholders. The specific TDS rate depends on the status of the shareholder, such as resident individual, non-resident, or other institutional categories.

Key aspects regarding dividend taxation and payment processes include:

• Resident Shareholders: Tax deduction is based on whether the shareholder is an individual or a non-individual entity (e.g., insurance companies, mutual funds, or AIFs). Exemptions are available for certain resident shareholders who submit specific declarations and documentation demonstrating eligibility under the Act.
• Non-Resident Shareholders: The tax will be withheld at the applicable rate of 20% plus surcharge and cess. Non-resident shareholders have an option to be governed by the Double Tax Avoidance Agreement (DTAA) between India and their country of residence if it is more beneficial.

The company emphasized that all transactions are subject to prevailing regulations regarding dividend payment mode, mandating electronic payments for security holders who have completed necessary KYC updation. Shareholders were advised to submit required tax-related documents by August 5, 2026, to enable the accurate determination and deduction of the appropriate TDS/withholding tax rate.

ADFFOODS Stock Price Movement​

ADF Foods Limited slipped by 2.68% on Tuesday, settling at ₹312.55 after sheds ₹8.55 from its previous session close. The stock accounted for a volume of 149,753 shares in the trading activity.