At their meeting on January 28, 2026, the Board of Directors of Cochin Shipyard Limited (CSL) announced a second interim dividend of Rs 3.50 (70%) per equity share with a face value of Rs 5 each for the fiscal year 2025–2026. Those who were members of the company on the Record Date, which is Tuesday, February 3, 2026, will receive the dividend by February 26, 2026, or within 30 days of the declaration date, subject to tax deduction at the source.
For Resident Shareholders:
Individuals who receive dividends totalling less than Rs 10,000 for the fiscal year 2025–2026 would not be subject to TDS.
For Non-Resident Shareholders:
In compliance with Sections 195 and 196D of the Income Tax Act, 1961, tax must be withheld at the source at the current rates. In accordance with the pertinent provisions of the Income Tax Act of 1961, 20% of the dividend payable will be taxed at the source, plus any applicable surcharge and cess. After February 3, 2026, no correspondence regarding the tax determination or deduction will be taken into consideration.
Additionally, under Section 196D of the Income Tax Act of 1961, taxes will be withheld at source at a rate of 20% (plus relevant surcharge and cess) on dividends paid to foreign institutional investors and foreign portfolio investors. When the lower DTAA rate, if any, is applied, the TDS rate will not be lowered.
