DCM Shriram Industries Announces AGM and Recommends Dividend for FY2025-26, Details TDS Structures

DCM Shriram Industries Announces AGM and Recommends Dividend for FY2025-26, Details TDS Structures​

DCM Shriram Industries Ltd. has announced key details regarding its upcoming Annual General Meeting (AGM) and provided comprehensive information concerning Tax Deducted at Source (TDS) on dividends for the Financial Year 2025-26.

The Company has scheduled the 35th Annual General Meeting to be held on Wednesday, July 15, 2026, at 11:30 a.m. Indian Standard Time (IST). The AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Members can access the Notice convening the meeting and the Annual Report for Financial Year 2025-26 through the company website.

Dividend Recommendation and Payment Timeline​

The Board of Directors recommended a final dividend of ₹ 0.40 per equity share, which constitutes 20% of the face value of ₹ 2 each, for the Financial Year 2025-26. This dividend is subject to approval by members at the AGM.

The dividend will be payable to those shareholders whose names appear in the Register of Members on the Record Date, set for July 3, 2026. If declared at the AGM, the dividend is scheduled to be paid within 30 days from the conclusion of the meeting.

In line with the applicable provisions of the Income-tax Act, 2025, any dividend paid or distributed by the Company is taxable in the hands of its members. Accordingly, the Company is required to deduct tax at source (TDS) upon payment if the dividend is declared during the AGM.

TDS Guidelines for Shareholders​

DCM Shriram Industries has outlined specific guidelines and rates for TDS based on the residential status and classification of shareholders.

Resident Individual Shareholders:
The rate of withholding tax varies depending on whether a valid PAN has been updated in the Company's Register of Members:


Residents who receive dividends totaling no more than ₹ 10,000 during Financial Year 2026-27 may be exempt from TDS if they provide valid Form 121.

Other Resident Shareholders (Non-Individual):
For certain resident non-individual shareholders covered under specific sections of the Act (such as Insurance Companies, Mutual Funds, or specified Corporations), no tax shall be deducted at source (NIL rate), provided sufficient documentary evidence is submitted to the Company.

Non-Resident Shareholders:
Taxes for non-resident shareholders are subject to withholding as per the Income-tax Act. The withholding tax will be applied at a rate of 20% (plus applicable surcharge and cess) or as notified by the Government of India, unless preferential benefits under the Double Tax Avoidance Agreement (DTAA) are availed by providing necessary documentation, such as a Tax Residency Certificate (TRC).

Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI):
Tax on dividends paid to FII and FPI shall be deducted at source at 20% (plus applicable surcharge and cess), as provisions of the Act may not allow for the consideration of DTAA benefits in this category.

The Company has established a process for shareholders who are merely custodians to transfer the credit of TDS to the beneficial owner, provided the required declaration is submitted by the specified deadline.

DCMSRIND Stock Price Movement​

DCM Shriram Industries Limited shares edged higher today in post-market trading, climbing 0.60% to settle at ₹38.40. The stock saw a volume of 67,921 shares as it closed for the day.