Gujarat Energy Ltd: TDS on Dividend Income Communication to Shareholders

Gujarat Energy Ltd has issued a communication to its shareholders regarding Tax Deducted at Source (TDS) on dividend income. The company, recommending a dividend of ₹8.90 per equity share for FY26, reminds shareholders that dividend income is taxable under the Income Tax Act, 2025. Shareholders are urged to update their PAN, category, residential status, and email ID with their depository participants or the R&TA by the record date to ensure correct TDS application. Failure to do so will result in the company using available records. A higher TDS rate of 20% will apply to resident shareholders without valid or linked PANs. Specific forms and declarations are required for shareholders seeking exemption from TDS, which must be submitted to KFin Technologies Limited by two days post the record date.