Gandhar Oil Refinery Announces Interim Dividend of Rs. 2 Per Share for FY 2026-27

Gandhar Oil Refinery Announces Interim Dividend of Rs. 2 Per Share for FY 2026-27​

Gandhar Oil Refinery (India) Limited has declared an interim dividend amounting to Rs. 2/- per equity share, marking a payment that represents 100% of the face value of the shares. The decision was made by the company's Board of Directors during a meeting held on July 22, 2026, pertaining to the financial year 2026-27.

The interim dividend is designated for those shareholders listed in the Register of Members or as per the list provided by the Depositories (NSDL and CDSL). The record date set for this interim dividend payment is Friday, July 31, 2026.

Tax Deduction at Source Mandate​

As stipulated by the Income-tax Act, 2025, dividends distributed by the company are taxable in the hands of the shareholders. Consequently, Gandhar Oil Refinery (India) Limited is required to deduct tax at source (TDS) during the payment process.

The TDS rate applicable varies based on the residential status and the documents submitted by the shareholder according to specific provisions outlined in the Act. The company provided detailed guidelines for both resident and non-resident shareholders regarding withholding tax rates and required documentation.

Tax Deduction Guidelines​

Resident Shareholders:
For resident shareholders, the tax deduction is structured as follows:

• If a resident shareholder possesses a Permanent Account Number (PAN), the TDS rate is 10%. An exemption applies if the dividend distributed or paid to an individual resident during TY 2026-27 does not exceed INR 10,000/-.
• Other rates are specified for specific categories, such as those submitting Form 121 or those qualifying under Section 395(1) of the Act.

Non-resident Shareholders:
For non-resident shareholders, two main categories were provided: general non-residents and Foreign Institutional Investors (FII/FPI). The rate for both groups is set at 20% (plus applicable surcharge and cess) or the Tax Treaty rate, whichever is lower. Eligibility for the Tax Treaty rate requires submitting specific documents such as a Tax Residency Certificate (TRC) and Form No. 41.

A summary of TDS requirements by shareholder category is provided below:

Critical Compliance Note​

All shareholders are required to update the necessary documentation related to tax determination and deduction by Friday, July 31, 2026. Failure to provide required details may result in a higher TDS being deducted as per Section 397(2) of the Act. Shareholders who experience TDS deduction at a higher rate due to missing documentation still retain the option to file an income tax return and claim an appropriate refund.

The company has also confirmed that the TDS certificate will be sent to the registered email ID post dividend payment, with the credit visible in Form 168 available through e-filing accounts.

GANDHAR Stock Price Movement​

Shares of Gandhar Oil Refinery (India) Limited tumbled today after trading lower by 12.62%, settling at ₹245.47. The stock saw a substantial volume of 20.54 million shares traded during the session.