Navin Fluorine International Limited has announced that its Board of Directors, in a meeting held on April 29, 2026, recommended a final dividend of ₹8.60 per equity share of face value ₹2 each for the financial year ended March 31, 2026. This recommendation is subject to the approval of the shareholders at the upcoming 28th Annual General Meeting. The payment of the final dividend will be made to shareholders whose names appear on the company's register of members on the record date, which is June 12, 2026. The dividend is scheduled to be paid on or after August 13, 2026. As per the Finance Act, 2020, dividend income is taxable in the hands of shareholders. Consequently, Navin Fluorine is required to deduct tax at source (TDS) at the time of dividend distribution. The TDS rate will vary based on the shareholder's residential status and the documents submitted. Resident individual shareholders with dividend income not exceeding ₹10,000 for FY 2026-27 will be exempt. For others, a 10% TDS will apply, with specific documentation requirements for various categories, including exemptions for certain entities like insurance companies, mutual funds, and AIFs. Non-resident shareholders will be subject to a 20% TDS or the applicable tax treaty rate, whichever is lower, provided they submit necessary documentation like a Tax Residency Certificate (TRC) and Form 10F. Shareholders are urged to submit their Permanent Account Number (PAN) to their depository participants or the company's Registrar and Transfer Agent, Kfin Technologies Limited, by the record date to ensure correct TDS deduction. Failure to provide a valid PAN may result in a higher TDS rate of 20%. Documents for tax exemption or treaty benefits must be uploaded to Kfintech's portal or emailed by June 12, 2026.
