Asahi India Glass Recommends ₹2 Final Dividend for FY26

Asahi India Glass Limited has recommended a final dividend of ₹2.00 per equity share for the financial year ended March 31, 2026 (FY26). This recommendation received approval from the Board of Directors during their meeting on May 27, 2026.

• Final Dividend: ₹2.00 per equity share
• Face Value: ₹1.00 per share
• Financial Year: March 31, 2026 (FY26)
• Board Approval Date: May 27, 2026
• AGM Date for Shareholder Approval: September 18, 2026
• Record Date for Eligibility: September 11, 2026

The dividend payout remains contingent upon shareholder approval at the company’s 41st Annual General Meeting. Asahi India Glass has also notified the National Stock Exchange and BSE Limited regarding Tax Deduction at Source (TDS) on this payment, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TDS Guidelines for Dividend Payments

Dividends are taxable under the Income Tax Act, 2025, with specific TDS rates applied unless valid exemption documents are provided. The company has outlined detailed provisions for both resident and non-resident shareholders.

• No TDS for resident members if total dividend income for the financial year does not exceed ₹10,000.
• A 10% TDS applies to residents with a valid PAN updated with their Depository Participant or RTA, provided no exemption is claimed.
• A 20% TDS will be levied if a PAN is missing, invalid, or not linked with Aadhaar for individual residents.
• Residents seeking lower or nil TDS must submit Form 121 or a certificate under Section 395(1) of the Act, alongside a copy of their PAN card.
• Exemptions are available for specific entities like Mutual Funds, Government bodies, and Recognised Provident Funds under Section 393 of the Act.

Non-resident shareholders can leverage the Double Tax Avoidance Agreement (DTAA) if its provisions offer more favorable rates than domestic regulations. The standard withholding rate for non-residents is 20%, plus applicable surcharge and cess.

• To claim DTAA benefits, non-residents must submit a self-attested PAN, Tax Residency Certificate (TRC), and a completed Form 41.
• Additional requirements include a SEBI registration certificate for FIIs/FPIs, and declarations regarding beneficial ownership and permanent establishment status.
• Indian branches of foreign banks and Sovereign Wealth Funds notified under Schedule V(7) of the Act qualify for NIL TDS with proper documentation.

Administrative Requirements and Deadlines

For shareholders holding physical securities, it is crucial to ensure their folios contain updated PAN, nomination, contact details, bank account information, and specimen signatures. Payments for folios lacking these details will only be processed electronically after the required information is submitted, as per SEBI Master Circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024.

All documents for tax exemption must reach the company’s investor relations email or the RTA by September 11, 2026. No tax withholding communications will be accepted after this strict deadline.