Allied Blenders and Distillers Recommends Final Dividend of Rs. 5.40 Per Share for FY 2025-26; Outlines TDS Provisions
Allied Blenders and Distillers Limited has announced its recommendation for a Final Dividend covering the Financial Year (FY) ended March 31, 2026. The Board of Directors approved the payment of Rs. 5.40 per equity share, which has a face value of Rs. 2 each.The dividend amount is subject to approval by the shareholders at the forthcoming 18th Annual General Meeting (AGM) scheduled for Monday, July 6, 2026. The company fixed Friday, June 26, 2026, as the Record Date for determining shareholder eligibility for this Final Dividend payment.
The company communicated detailed provisions regarding the deduction of Tax at Source (TDS) on the dividend payout, in accordance with the Income Tax Act, 2025. Shareholders are advised that dividends paid by the company shall be taxable, and the withholding tax rate depends on their residential status and the documentation provided.
TDS Provisions and Withholding Tax Rates
The company has outlined specific rules for TDS deduction based on the category of shareholders (resident or non-resident). The payment of the dividend will occur after the applicable TDS is deducted.Taxation details vary depending on whether the shareholder is an individual, a non-individual entity, or a non-resident.
The following table summarizes the applicable withholding tax rates and conditions as per the company's communication:
| Shareholder Category | Condition for Nil/Lower Withholding Tax | Applicable TDS Rate (If no exemption) |
|---|---|---|
| Resident Individual | Total dividend received in FY 2026-27 does not exceed Rs. 10,000 or valid Form 121 is provided along with PAN linked to Aadhaar. | 10% (If PAN is provided) / 20% (If PAN is unavailable or not linked to Aadhaar) |
| Resident Non-Individual | Entity provides specific self-declaration and documentation (e.g., Insurance Company, Mutual Fund). | NIL/Lower rate upon submission of required exemption certificate. |
| Non-Resident Shareholder | Provides a certificate issued under Section 395(2) of the Act for lower or NIL withholding of taxes. | 20% plus applicable surcharge and cess (If no documentation is submitted). |
Action Required by Shareholders
All shareholders are urged to review their eligibility status and update records promptly to ensure uninterrupted dividend credit and appropriate tax deduction.Key requirements detailed by Allied Blenders and Distillers Limited include:
- KYC Update: Shareholders should approach their Depository Participants (DPs) to update KYC details, including Tax Residential Status and Permanent Account Number (PAN).
- Payment Details: Holders of electronic shares must submit or update their bank account details with their Depository Participant.
- Document Submission: To avail exemption from TDS for FY 2026, shareholders must upload required tax exemption documents (such as Form 121 or Form 41) on the RTA's website before Friday, June 26, 2026.
The company emphasized that any documents submitted after this deadline will not be considered for TDS determination. Shareholders who do not provide the requisite details and documents in time may face a higher rate of tax deduction.
ABDL Stock Price Movement
Shares of Allied Blenders and Distillers Limited edged up to close at ₹583.1 today, securing a 2.70% gain. The stock traded within an intraday range between a low of ₹565.3 and a high of ₹584.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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