Relaxo Footwears recommends ₹3.50 dividend per share; AGM on Sep 24, 2026
Relaxo Footwears recommended a dividend of ₹3.50 per share for FY26, subject to shareholder approval at the AGM on September 24, 2026. The record date for dividend payment is September 18, 2026. The company has issued detailed guidelines on TDS on dividend payments for FY26-27, requiring shareholders to update their information by the record date.
The dividend recommendation is a positive development for shareholders. However, the extensive details on TDS procedures and documentation requirements suggest a significant administrative aspect, potentially impacting shareholders who need to comply with these regulations by specific deadlines.
The announcement is primarily informational regarding dividend payment procedures and TDS regulations. While a dividend is recommended, it is subject to shareholder approval and the core of the announcement focuses on compliance and procedural information for shareholders.
Relaxo Footwears Limited has announced that its Board of Directors, in a meeting held on May 28, 2026, recommended a dividend of 350%, amounting to ₹3.50 per equity share with a nominal value of ₹1 each, for the Financial Year ended March 31, 2026. This recommendation is subject to the approval of the company's shareholders at the 42nd Annual General Meeting (AGM), scheduled to be held on Thursday, September 24, 2026.
The company has also provided detailed information regarding Tax Deduction at Source (TDS) on dividend payments for the Financial Year 2026-27, as per the Income-tax Act, 2025. Shareholders are required to update their details, including PAN, residential status, email address, and residential address, with their Depository Participant or Registrar and Transfer Agent on or before the Record Date, which is September 18, 2026. The announcement outlines the various TDS rates and the necessary documentation required for different categories of shareholders, both resident and non-resident, to avail lower or nil TDS. Shareholders who do not provide the required documentation or timely updates may face higher TDS rates, with the option to claim a refund later by filing their income tax returns.
The dividend, if approved at the AGM, will be paid to shareholders holding equity shares as of the Record Date, September 18, 2026. Shareholders with registered email addresses will receive electronic credit of the dividend. The company has also provided links to download necessary forms and declarations on its website and through KFin Technologies Limited, the Registrar and Share Transfer Agent.
What to do with a filing like this
Relaxo Footwears 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 medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Relaxo Footwears Limited. Read the original for the full detail.