GE Vernova T&D India Announces Final Dividend Recommendation of Rs 10 Per Share; Details on Tax Deduction
GE Vernova T&D India Limited (formerly known as GE T&D India Limited) announced a recommended final dividend of Rs 10.00 per equity share for the Financial Year 2025-26. The recommendation was made by the Board of Directors during a meeting held on May 18, 2026.The company stated that this dividend is subject to approval by members at the ensuing Annual General Meeting scheduled for September 9, 2026. The record date for the dividend payment has been set as Friday, August 21, 2026. Dividend payments will be made exclusively through electronic mode.
TDS Guidelines for Resident Shareholders
The company provided detailed guidelines regarding Tax Deduction at Source (TDS) on the dividend for residents. The applicable rate varies based on the shareholder's documentation and status.For resident shareholders, the TDS structure is as follows:
| Particulars | Applicable Rate | Required Documents/Conditions |
|---|---|---|
| Valid PAN (for Resident Individual) | 10% | If total dividend payable during Tax Year 2026-27 exceeds Rs 10,000. |
| No / Invalid PAN | 20% | Shareholders must update their PAN with depositories or the company's Registrar and Transfer Agent (RTA). |
| Inoperative PAN (PAN not linked with Aadhar) | 20% | Applicable if the shareholder has not linked their Aadhar Number with their PAN. |
| Submission of Form 121 by resident individual | Nil | Required along with a copy of valid PAN card and declaration. |
| Availability of Lower/ NIL deduction certificate | Rate provided in certificate | Certificate must be valid for Tax Year 2026-27 and cover the dividend income. |
| Specified Mutual Funds (Schedule VII, Sl. No. 20 or 21) | Nil | Requires self-declaration and registration certificate. |
| Insurance Companies (Specified under section 393(4)) | Nil | Requires a self-declaration and registration/exemption certificate. |
| Entities Covered under Section 393(5) (e.g., Govt., RBI) | Nil | Requires a self-declaration and supporting documentation. |
TDS Rates for Non-Resident Shareholders
Non-resident members have the option to be governed by the Double Taxation Avoidance Agreement (Tax Treaty) between India and their country of residence, if this provides a more beneficial rate. The rates depend on the shareholder's classification.The tax deduction rates and requirements for non-residents are summarized below:
| Shareholder Category | Tax Deduction Rate | Key Documents Required |
|---|---|---|
| Non-resident Members (FIIs/FPIs) | 20% (plus surcharge and cess) OR Tax Treaty Rate (whichever is lower) | PAN copy, Tax Residency Certificate (TRC) for FY 2026-27, electronically generated Form 41, and self declaration. |
| Non-Resident Shareholders from Notified Jurisdictional Area (under section 176 of the IT Act) | 30% | Applicable requirements as per statutory provisions. |
| Alternative Investment Fund (AIF - Category III or Retail Scheme/ETF) | 10% (plus applicable surcharge and cess) | Valid PAN card and self-declaration with supporting documentation. |
| Foreign Portfolio Investors (FPIs) - Category I | 10% (plus applicable surcharge and cess) in case of valid PAN | Valid PAN copy and self-declaration with supporting evidence. |
| Sovereign Wealth Funds and Pension funds (under Schedule V, Sl. No. 7) | Nil | Valid PAN card and required documentation from CBDT. |
Compliance and Action Points
Shareholders are required to furnish the relevant documents and information as prescribed for TDS deduction. The deadline for submitting these documents is August 24, 2026. Documents can be uploaded on the RTA's portal or sent physically.The company noted that shareholders must ensure all submitted documents are self-attested. Shareholders who have shares in physical folios are requested to update their KYC details and submit required forms such as Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14 by the same deadline.
The company emphasized that failure to provide complete or correct information may result in the deduction of tax at the maximum applicable rate.
GVT&D Stock Price Movement
Shares of GE Vernova T&D India Limited slipped by 0.31% on Wednesday, settling at ₹4406.5 after a day-long decline. The stock recorded a total traded volume of 1.048 million shares during the 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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