Godrej Consumer Products Limited has announced an interim dividend of ₹5 per equity share for the financial year 2026-27. The decision was made during the company’s Board of Directors meeting held on May 6, 2026. The record date for the payment of this dividend is set for May 12, 2026.
In accordance with the Income Tax Act, 2025, the dividend will be taxable in the hands of shareholders. Consequently, Godrej Consumer Products will deduct tax at source at the applicable rates during the dividend payment.
The company has urged all shareholders to ensure their information is up-to-date. This includes details such as Permanent Account Number (PAN), Aadhaar number, residential status, shareholder category, email ID, address, and contact phone number. Shareholders are required to update these details through their Depository Participant or with MUFG Intime India Private Limited, the Registrar and Share Transfer Agent, by May 12, 2026.
For resident shareholders, tax will be deducted at 10% if a valid PAN is provided. If not, the deduction will be at 20%. No tax will be deducted if the total dividend does not exceed ₹10,000 or if a declaration in Form 121 is provided.
Certain resident shareholders, such as insurance companies and mutual funds, may be exempt from TDS if they provide the necessary documentation. Non-resident shareholders will have tax withheld at 20%, but they may benefit from a Double Tax Avoidance Agreement if applicable.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).