The Anup Engineering Limited Recommends Final Dividend of Rs 12 Per Share; Outlines TDS Structure for Shareholders
The Anup Engineering Limited announced that its Board of Directors recommended the payment of a final dividend, detailing the Tax Deduction at Source (TDS) framework applicable across various shareholder categories.The company’s Board meeting, held on May 28, 2026, recommended the distribution of a final dividend amounting to Rs 12/- per equity share for the Financial Year ended March 31, 2026. The payment remains subject to approval by shareholders at the ensuing Annual General Meeting (AGM).
In accordance with tax requirements under the Income-tax Act, 2025, the Company is required to withhold taxes on dividends paid. The withholding tax rate depends on the residential status and category of the shareholder, as well as the documents submitted to the company.
TDS Framework for Resident Shareholders
The Anup Engineering Limited specified different withholding rates based on the residency status and supporting documentation provided by resident shareholders.For residents whose dividend income during Tax Year (TY) 2026-27 does not exceed INR 10,000/-, no tax will be deducted upon payment of the dividend.
The required TDS rates and corresponding documentation for resident shareholders are summarized below:
| S No | Particular | Withholding Tax Rate | Required Declaration / Documents |
|---|---|---|---|
| 1 | Resident Shareholders (other than individual residents receiving less than INR 10,000 during TY 2026-27) whose shares are held in dematerialized form with a Valid PAN updated with the Depository Participant or physical form without seeking exemption | 10% | N.A. |
| 2 | Residents with No/Invalid PAN with the Depository Participant (demat holds) or RTA (physical holds) without seeking exemption | 20% | N.A. |
| 3 | Shareholders possessing a Lower/Nil tax deduction certificate issued by the Income Tax Department u/s 395(1) of the Act | Rate specified in Lower tax withholding certificate | Copy of PAN card and Copy of lower tax withholding certificate |
The company also provided specific conditions for Nil Tax Deduction at Source (TDS), including submitting documents such as Form 121 for individual shareholders with dividend income over Rs 10,000, and self-declarations for various entities covered under Section 393(1) or 393(5) of the Act.
TDS Framework for Non-Resident Shareholders
The withholding tax rates for non-resident shareholders are determined by their category and submitted documentation. A detailed breakdown is provided in the table below:| Category | Withholding Tax Rate | Required Documentation |
|---|---|---|
| Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial | Copy of PAN card (if available), Self-declaration, Tax Residency certificate for TY 2026-27, and mandatory digital Form 41. |
| Alternative Investment Fund - Category III in International Financial | 10% (plus applicable surcharge and cess) | Copy of PAN card (if available) and self-declaration substantiating the nature of the entity. |
| Centre Other Non-resident shareholders who are tax residents of Notified Jurisdictional Area | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial | Tax Residency certificate for TY 2026-27, mandatory digital Form 41, and self-declaration regarding non-establishment in India. |
| Non-Resident Shareholders who are tax residents of Notified Jurisdictional Area as defined u/s [omitted] | 30% | N.A. |
| Act Sovereign Wealth funds and Pension funds notified by Central Government | NIL | Copy of the notification issued by CBDT substantiating applicability under Schedule V to Section 11 of the Act, along with a self-declaration. |
| Subsidiary of Abu Dhabi Investment Authority (ADIA) | NIL | Self-Declaration substantiating fulfilment of conditions specified under Schedule V to Section 11 of the Act. |
Documentation Deadline and Compliance Notes
Shareholders are advised that all relevant documents required for claiming beneficial or nil tax rates, including Form 121 and Tax Residency Certificates, must be uploaded on the designated portal before July 31, 2026. The Company reserves the right to verify shareholder details and may determine a higher TDS rate if submitted documents are incomplete or found in discrepancy.Shareholders are encouraged to ensure their KYC data, including PAN Number and bank account details, is updated with the Registrar & Share Transfer Agent (RTA) to facilitate seamless dividend remittances.
ANUP Stock Price Movement
As of 12:34 PM, shares of The Anup Engineering Limited are slipping by 1.75% in live trading, currently standing at ₹2267.6. The stock today has experienced significant volatility, with prices fluctuating between a daily high of ₹2318.8 and a low of ₹2260.9.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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