Hitachi Energy India Recommends Dividend, Sets Record Date Amidst TDS Requirements

Hitachi Energy India Recommends Dividend, Sets Record Date Amidst TDS Requirements​

Hitachi Energy India Limited announced a recommendation for a final dividend of INR 8.00 per equity share for the financial year ended March 31, 2026. The Board of Directors recommended the dividend after a meeting held on May 25, 2026. Shareholders entitled to receive the dividend are determined by the Record Date set for August 21, 2026.

The company stated that the payment of this dividend is subject to approval by shareholders at the Annual General Meeting scheduled for August 28, 2026. The recommended dividend was based on a face value of INR 2.00 per equity share.

Tax Deduction at Source (TDS) Details​

Hitachi Energy India Limited has indicated that dividends are taxable in the hands of shareholders, and the company is required to withhold taxes at prescribed rates upon payment. The applicable withholding tax rate varies based on the shareholder’s residential status and the necessary documentation provided to the company.

A key detail regarding resident individuals is that no tax will be deducted on dividend payment if the total dividend received by such a shareholder in the Tax Year 2026-27 does not exceed INR 10,000/-.

Shareholders are requested to note the TDS rates and required documentation, which must be submitted to the company by August 14, 2026, to ensure compliance with applicable TDS provisions.

TDS Rates for Resident Shareholders​

The withholding tax rate for resident shareholders depends on their PAN status and supporting documents.


Additionally, a nil TDS rate is available for specific resident shareholders who submit the required declaration documents, including:

• Resident Individual Shareholders submitting Form 121 (previously Form 15G / 15H).
• Insurance Companies meeting prescribed criteria.
• Shareholders covered under Section 393(5) of the Act, such as government bodies and specified corporations.
• Category I and II Alternative Investment Funds (AIF).

TDS Rates for Non-Resident Shareholders​

Non-resident shareholders face two withholding tax scenarios:


To avail the beneficial rate under a Double Taxation Avoidance Agreement, non-resident shareholders must provide specific documents, including a self-attested PAN card and a Certificate of Tax Residency for the Tax Year 2026-27.

POWERINDIA Stock Price Movement​

On Monday, Hitachi Energy India Limited shares rallied, closing at ₹34975 after gaining 2.12% on the day. The equity traded with a total volume of 413,158 shares during the session.