Narayana Hrudayalaya Recommends Dividend; Details Out Amid TDS Compliance Requirements
Narayana Hrudayalaya Limited has recommended a dividend for its shareholders, accompanied by specific intimation regarding Tax Deduction at Source (TDS) applicable on the payout. The recommendation applies to the financial year ended March 31, 2026.The Board of Narayana Hrudayalaya Limited has recommended a dividend amounting to ₹4.50 per equity share. This dividend is subject to final approval by shareholders at the Annual General Meeting (AGM), which is scheduled for August 14, 2026.
TDS and Dividend Payment Details
The company confirmed that the dividend, should it be approved, will be paid after deducting TDS as per the provisions of the Income Tax Act, 2025 read with the Finance Act, 2026. Shareholders are being informed about the relevant TDS applicability rates based on their residential status and tax documentation status.
The critical dates for dividend eligibility include:
- Record Date: Shareholding as of July 17, 2026, will be considered for determining dividend eligibility.
- Document Deadline: Shareholders must submit required tax documents or declarations by July 24, 2026.
The applicable TDS rates on the dividend vary based on the type of shareholder. The following is a summary of the indicative TDS provisions:
| Shareholder Category | Tax Deduction at Source (TDS) Rate | Conditions/Notes |
|---|---|---|
| Resident Shareholders (Valid PAN) | 10% | Applies when a valid Permanent Account Number (PAN) is available. |
| Resident Shareholders (No/Invalid PAN) | 20% | Applies if no or an invalid PAN is provided. |
| Non-Resident Shareholders (Default) | 20% | Plus applicable surcharge and cess. Lower rates may apply with Tax Residency Certificate (TRC) or DTAA benefits. |
Zero TDS Provisions
No TDS will be applicable under certain conditions, including:
- The dividend is less than or equal to ₹10,000 in a financial year for resident individuals.
- The shareholder submits a valid exemption declaration or form, subject to eligibility criteria.
For Specified Resident Non Individual Shareholders—including insurance companies, mutual funds, and Government/exempt entities—Nil or lower TDS may be applicable, provided the requisite declarations are submitted.
Shareholders who wish to claim exemption or lower TDS rates must ensure all required tax documents and self-declarations, including those relating to PAN, residential status, and category, are updated and submitted before the deadline.
NH Stock Price Movement
Today, Narayana Hrudayalaya Ltd. shares edged higher by 1.81%, settling at ₹1927.4 after gaining ₹34.90 during the trading session. The stock saw substantial interest with a total traded volume of 267,957 shares today.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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