EIH Associated Hotels Recommends Dividend of Rs 3.50 Per Share, Details TDS Structure and Bank Account Mandates
EIH Associated Hotels Limited, a member of The Oberoi Group, has announced a recommended dividend for its shareholders, along with comprehensive guidelines regarding Tax Deduction at Source (TDS) and updates concerning bank account details.The Board of Directors of EIH Associated Hotels Limited, in a meeting held on Friday, May 22, 2026, recommended a dividend of Rs 3.50 per equity share. This recommendation pertains to the Financial Year ended March 31, 2026, and is based on a face value of Rs 10/- per share.
As dividend payments are subject to taxation under the Income Tax Act, 2025, the company provided detailed information regarding TDS applicability for resident and non-resident shareholders, advising stakeholders to ensure their details are updated with the company or the Registrar and Transfer Agent (RTA).
Tax Deduction at Source (TDS) Guidelines
The company outlined specific TDS rates based on a shareholder's residential status, category, and documentation submission.For Resident Shareholders, the withholding tax rate is determined by factors such as whether their Permanent Account Number (PAN) is validly updated in dematerialized form or with the RTA.
| Particular | Withholding Tax Rate | Declaration Documents Required |
|---|---|---|
| Valid PAN in Demat/RTA | 10% | N.A. |
| Invalid PAN in Demat/RTA | 20% | N.A. |
| Availability of Lower/Nil Tax Deduction Certificate | Rate specified in the certificate | Copy of PAN card, Copy of lower tax withholding certificate |
The company also detailed various conditions under which Nil TDS is applicable for Resident Shareholders, including individuals with dividend income not exceeding Rs 10,000 during Tax Year (TY) 2026-27, and entities such as LIC or specified corporations under Section 393(5) of the Act.
For Non-Resident Shareholders, the withholding tax rate depends on their specific category:
| Category | Withholding Tax Rate |
|---|---|
| Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial |
| Alternative Investment Fund - Category III located in International Financial Services Centre | 10% (plus applicable surcharge and cess) |
| Other Non-resident Shareholders | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial |
| Sovereign Wealth Funds and Pension Funds notified by Central Government | NIL |
The company stated that the application of a beneficial Tax Treaty Rate for non-residents depends on the completeness and satisfactory review of submitted documents.
Bank Account Details and KYC Updates
The company issued instructions regarding dividend payments, especially for shareholders holding shares in physical form.In compliance with regulations mandating electronic payment to shareholders holding physical shares, members are requested to update their Know Your Customer (KYC) details. This includes furnishing PAN, contact details (Postal Address with PIN, email and Mobile Number), Bank Account Details, and Specimen Signature to the company or RTA, MUFG Intime India Private Limited.
Shareholders in demat mode were advised to intimate any changes in their address and/or bank mandate solely to their Depository Participant (DPs). The timely updation of these details is necessary to ensure the credit of dividend directly into the shareholders' respective bank accounts.
EIHAHOTELS Stock Price Movement
Today, the shares of EIH Associated Hotels Limited climbed slightly, settling at ₹297.3 after gaining 0.96%. The stock traded within a narrow range, reaching a high of ₹302 and a low of ₹295.2 during the trading session.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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