Godfrey Phillips announces interim dividend, details TDS rules for FY 2025-26

Godfrey Phillips India's board of directors declared an interim dividend of 17 rupees per equity share, each with a face value of 2 rupees, for the financial year ending March 31, 2026. The dividend will be paid to shareholders holding equity shares as of the record date, November 10, 2025.

In accordance with the Income-tax Act, 1961, dividend income is taxable for shareholders, requiring the company to deduct tax at source. For resident shareholders, a 10% TDS will apply unless exempted, such as for aggregate dividends not exceeding 10,000 rupees for individual resident shareholders, or if Form 15G/15H is submitted. If a PAN is not provided, unavailable, or not linked with Aadhaar, a higher TDS rate of 20% will be applied.

Non-resident shareholders will face a 20% TDS, plus applicable surcharge and cess, unless they provide specific documents, including a self-attested PAN card copy (if any), a valid tax residency certificate (TRC) for FY 2025-26, and an electronically filed Form 10F, to avail Double Tax Avoidance Agreement (DTAA) benefits. Shareholders are urged to update their PAN, email address, and other details with their depositories or the company’s registrar and share transfer agent by November 9, 2025, to ensure correct TDS application and receive dividend payments electronically.