AGI Greenpac: AGM on Sep 22 for Dividend Approval; Tax Deduction Rules Outlined
AGI Greenpac will hold its 66th AGM on September 22, 2026, to approve a dividend of ₹7 per share. Shareholders must submit TDS exemption documents by September 15, 2026. Failure to do so may result in higher tax deductions.
The announcement is important for shareholders as it details the process for dividend payment and tax implications, requiring specific actions by a deadline. It directly affects dividend recipients.
The announcement is primarily procedural, detailing the process for dividend payment and tax deductions. While it concerns a dividend, it does not provide new financial performance information or significantly alter the company's outlook.
AGI Greenpac Limited has announced that it has communicated to its members regarding the process and documentation required for claiming exemption from tax deduction at source on the final dividend for the financial year 2025-26. This dividend is subject to the approval of the members at the upcoming 66th Annual General Meeting (AGM) scheduled for Tuesday, 22nd September 2026.
The Board of Directors had previously recommended a dividend of ₹7 per equity share of ₹2 each for the year ended 31 March 2026. The dividend payment is contingent upon its declaration at the AGM, which will be held on Tuesday, 22nd September 2026, at 12:30 PM IST, through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
For the purpose of determining eligibility for dividend payment, the Register of Members and Share Transfer Books will be closed from Wednesday, 16th September 2026, to Tuesday, 22nd September 2026, inclusive. The dividend, if approved, will be paid to members whose names appear on the Company's Register of Members or as beneficial owners by the close of business hours on Tuesday, 15th September 2026.
The communication also details the applicable Tax Deducted at Source (TDS) provisions under the Income Tax Act, 2025, for both resident and non-resident members. It outlines the various rates and the required documentation for claiming exemptions or availing beneficial Double Tax Avoidance Agreement (DTAA) rates. Shareholders are urged to update their KYC details and submit necessary documents by Tuesday, 15th September 2026, via the provided online links or through other specified methods. Failure to comply may result in tax deduction at higher rates or withholding of dividend payments.
A plain-language summary of a public exchange filing by AGI Greenpac Limited. Read the original for the full detail.