Max Healthcare Institute Recommends Rs 2 Dividend Per Share; Sets Record Date for FY2025-26
Max Healthcare Institute Limited has announced a final dividend recommendation and set the record date for shareholders who will be entitled to receive the payment. The company also communicated detailed tax deduction at source (TDS) requirements for its members in light of the upcoming Annual General Meeting (AGM).The Board of Directors of Max Healthcare Institute Limited, during a meeting held on May 21, 2026, recommended a final dividend of Rs 2.00 per equity share, which represents 20% of the face value of the share, which is Rs 10/- each.
The company has set Friday, July 3, 2026, as the record date for determining members eligible to receive the final dividend for the financial year 2025-26, subject to approval at the ensuing AGM.
Annual General Meeting Details
The Twenty Fifth (25th) Annual General Meeting of the company is scheduled for Thursday, July 30, 2026. The meeting will be held through video conference or other audio-visual means.In line with income tax provisions, the company stated that the dividend declared and paid is taxable in the hands of shareholders for Tax Year 2026-27 (FY 2026-27). Consequently, TDS must be deducted at prescribed rates based on the resident status and documentation provided by the members.
Tax Deduction At Source Guidelines
The company issued a detailed communication to all registered members on June 19, 2026, outlining the process and necessary documentation for claiming exemption from TDS on the final dividend. The tax deduction rate varies significantly depending on whether the member is resident or non-resident, as well as their status under various sections of the Income Tax Act, 2025.Resident Members TDS Requirements
For resident individuals, no tax will be deducted if the total dividend to be paid for the tax year 2026-27 does not exceed Rs 10,000, provided a Permanent Account Number (PAN) is available. For resident members requiring TDS deduction, the applicable rate and documentation are as follows:| Status/Scenario | Applicable Tax Rate | Documentation Required |
|---|---|---|
| Resident member with valid PAN updated with Depository Participant (demat form) | 10% | Not applicable |
| Member without valid exemption, or if no exemption is sought | 20% | None / No PAN/Invalid PAN/Inoperative PAN |
| Member submitting Lower Tax Withholding certificate under Section 395 of the IT Act | Rate specified in Certificate | Copy of PAN card and Certificate |
For other categories of resident members (e.g., Mutual Funds, AIF Category I, or specific funds), designated documentation such as Form 121, self-declarations, or relevant certificates must be submitted to the RTA (Registrar and Share Transfer Agent) by July 10, 2026.
Non-Resident Members TDS Requirements
Non-resident members have the option to apply the benefit of the Double Taxation Avoidance Agreement (Tax Treaty) between India and their country of residence, if it is more beneficial. The applicable tax rates for non-residents are detailed below:| Member Category | Applicable Tax Rate | Key Documentation Required |
|---|---|---|
| Non-resident members | 20% plus surcharge/cess OR Tax Treaty Rate (whichever is lower) | Self-attested PAN, Tax Residency Certificate, and Electronically generated Form 41. |
| Submitting Section 395 certificate | Rate specified in Lower/Nil withholding tax certificate | Copy of PAN card and the relevant certificate. |
| Alternative Investment Fund (AIF) - Category III located in IFSC | 10% (plus surcharge and cess) | Copy of PAN card and self-declaration. |
| Non-Resident Shareholders from Notified Jurisdictional Area | 30% | None applicable for this category. |
| Sovereign Wealth funds and Pension funds notified by Central Government | NIL | Copy of PAN and Self-Declaration as specified under Schedule V of the IT Act. |
| Foreign Portfolio Investors (FPIs) - Category I with valid PAN | 10% (plus surcharge and cess) | Copy of PAN card and self-declaration. |
Members holding shares across multiple accounts must note that the higher tax rate applicable to any category will be considered for their entire shareholding. Members are advised to consult a tax advisor and submit all required documentation through the RTA before the specified deadline, which is Friday, July 10, 2026.
MAXHEALTH Stock Price Movement
Max Healthcare Institute Limited closed on a positive note Friday, edging higher by 0.60% as it settled at ₹1094.75 after gaining ₹6.55. The stock saw heavy trading during the session, with 2.06 million shares exchanged and trading within an intraday range defined by a low of ₹1079.1 and a high of ₹1102.75.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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