The Great Eastern Shipping Company Announces Interim Dividend of Rs. 14.40 Per Share, Details TDS Requirements

The Great Eastern Shipping Company Announces Interim Dividend of Rs. 14.40 Per Share, Details TDS Requirements​

The Board of Directors of The Great Eastern Shipping Company Limited has declared an interim dividend of Rs. 14.40 per equity share for the financial year 2026-27. In conjunction with this declaration, the company outlined specific provisions regarding the deduction of Income-tax at source (TDS) on the dividend payments, which will be governed by the Income-tax Act, 2025.

The payment of the interim dividend is subject to TDS/withholding tax deduction, with applicable rates varying based on the residential status and documentation provided by the shareholder. The company mandated that all dividend payments must be made in electronic mode only.

Tax Deduction at Source (TDS) for Resident Shareholders​

For resident individual shareholders, the rate of income-tax deduction depends heavily on adherence to specific identification and reporting requirements:


For resident non-individual shareholders, such as Insurance Companies, Alternative Investment Funds (AIF), or Mutual Funds, no income tax will be deducted provided they submit specific self-declarations and supporting documents by the mandated deadline of August 7, 2026.

Provisions for Non-Resident Shareholders​

Non-resident shareholders are subject to TDS deduction at applicable rates under the Income-tax Act. They have the option to utilize the Double Tax Avoidance Treaty (DTAA) between India and their country of residence if it is more beneficial than domestic provisions.

To avail DTAA benefits, non-resident shareholders must submit several required documents to the Registrar and Share Transfer Agent (RTA) by August 7, 2026. These submissions include:

• Self-attested copy of Permanent Account Number (PAN).
• A Tax Residency Certificate (TRC) issued by the tax authorities of the country of residence.
• A self-declaration in Form No. 41.
• A declaration confirming eligibility for the relevant Tax Treaty, if applicable.

Shareholder Record Keeping and Compliance​

The Great Eastern Shipping Company requires shareholders to maintain up-to-date records concerning their tax residential status, PAN, registered email addresses, mobile numbers, and correct banking details. The company emphasized that TDS will be deducted based on the information available with its RTA.

Shareholders who experience a change in residential status are required to update this information by August 7, 2026.

Upon payment of the interim dividend, the company will email a soft copy of the TDS certificate to the shareholder's registered email address, and the credit of TDS can be viewed in Form No. 168.

GESHIP Stock Price Movement​

The Great Eastern Shipping Company Limited saw its stock rise today, concluding post-market trading at ₹1398.40 after gaining 3.97%. The equity moved on significant buying interest, with total traded volume reaching 595,738 shares.