Coal India Declares ₹5.50 Interim Dividend; Tax Deductions Apply

Coal India Limited announced its first interim dividend for FY 2026-27, approving a payout of ₹5.50 per equity share. The record date for determining eligible shareholders is July 31, 2026. In line with SEBI regulations and the Income Tax Act, the company will disburse dividends electronically only, with no physical warrants or cheques. Shareholders are advised to update their bank details for direct credit. Importantly, dividend income is now taxable in the hands of shareholders, requiring Coal India to deduct tax at source (TDS) at applicable rates, generally 10% for resident shareholders, with specific exemptions and documentation requirements outlined for various categories.