Hikal Limited Announces Final Dividend of ₹0.40/Share, Sets Record Date for Sep 4
Hikal Limited recommended a final dividend of ₹0.40 per equity share for FY 2025-26. The dividend requires shareholder approval at the AGM on September 23, 2026. The record date for dividend eligibility is September 4, 2026. Shareholders must submit tax-related documents by September 10, 2026, to ensure correct TDS deduction.
The announcement concerns a routine dividend payment and associated tax procedures, which typically have a low direct impact on the company's stock price or operations.
The announcement is primarily informational regarding dividend payment and tax implications, with no significant positive or negative financial developments.
Hikal Limited has communicated to its shareholders regarding the tax deduction applicable on dividends. The Board of Directors, in a meeting held on May 27, 2026, recommended a final dividend of ₹0.40 per equity share with a face value of ₹2 for the Financial Year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming 38th Annual General Meeting (AGM) scheduled for September 23, 2026.
The company has fixed September 4, 2026, as the record date to determine the eligibility of shareholders for this final dividend payment. Shareholders are advised to update their bank account details with their respective demat accounts or physical folios to ensure timely credit of dividends. The communication also elaborates on the tax deduction at source (TDS) provisions as per the Income Tax Act, 2025, detailing rates and documentation requirements for both resident and non-resident shareholders. For resident shareholders, TDS will be 10% if PAN is valid, and 20% otherwise. For non-resident shareholders, the rate is 20% plus applicable surcharge and cess, with options to avail benefits under Double Taxation Avoidance Agreements (DTAA) upon submission of required documentation.
Shareholders are required to submit necessary tax-related documents by September 10, 2026, to the designated email ID (tdsdividend@hikal.com) to ensure appropriate TDS deduction. Failure to submit documents by this date may result in tax being deducted at a higher rate. The company will issue TDS certificates post dividend payment, which can be viewed on TRACES or the Income Tax Department's e-filing website. Shareholders are also reminded to update their KYC data, including PAN, email, address, and mobile number, with the company's Registrar and Share Transfer Agent.
What to do with a filing like this
Hikal Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Hikal Limited. Read the original for the full detail.