Dividend26 May 2026, 10:31 pm
Hindalco Recommends ₹5 Dividend for FY26
AI Summary
Hindalco Industries Ltd has announced that its Board of Directors recommended a dividend of ₹5 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming 67th Annual General Meeting. The dividend will be paid to shareholders holding equity shares as of the book closure dates, which will be announced later. The company also informed shareholders about the deduction of tax at source (TDS) on dividend payments, as per the Income Tax Act, 2025, and provided details on applicable TDS rates and required documentation.
Key Highlights
- Hindalco recommends a dividend of ₹5 per equity share for FY26.
- Dividend payment is subject to approval at the 67th AGM.
- TDS will be deducted from dividend payments as per Income Tax Act, 2025.
- TDS rates vary based on shareholder's residential status and submitted documents.
- Shareholders must update PAN and other details to receive dividends electronically.
Price Impact
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