Cochin Shipyard Declares ₹3 Interim Dividend, Details TDS Rules
Cochin Shipyard Limited (CSL) has declared its first interim dividend of ₹3.00 per equity share for FY 2026-27. The dividend will be paid by December 9, 2026, to shareholders on record as of November 16, 2026. The company has provided detailed guidelines on Tax Deducted at Source (TDS) applicable to shareholders as per the Income Tax Act, 2025. TDS will be deducted at 10% unless exempted, with specific procedures for resident shareholders, including a ₹10,000 threshold for individuals and the submission of Form 121 for exemption. Linking PAN and Aadhaar is mandatory, with a 20% TDS rate for non-compliance. Shareholders are urged to update their records and submit necessary documents by November 16, 2026.
Key Highlights
- CSL declared ₹3 interim dividend for FY 2026-27.
- Dividend payout expected by December 9, 2026.
- TDS rules detailed, including Form 121 submission.
- PAN-Aadhaar linking mandatory; 20% TDS if not linked.
- Shareholders must submit documents by November 16, 2026.
Price Impact
More from COCHINSHIP