What was filed
PG Electroplast issued a shareholder communication setting out the mechanics of its FY2025-26 final dividend and the tax that will be deducted at source when it is paid. Per the filing, the board recommended the dividend at its meeting held on May 27, 2026, and it remains subject to approval by members at the 24th Annual General Meeting. If approved, it will be credited or dispatched on or before October 28, 2026 to shareholders on record as at the close of business on September 18, 2026.
The TDS process for holders
The bulk of the document is procedural: it explains that dividend income is taxable in the hands of shareholders and that the company must withhold tax at rates prescribed under the Income Tax Act, 2025 (or the applicable tax treaty for non-residents). The filing lays out the rates and documentation for different categories — resident individuals, companies, mutual funds, insurers, FIIs/FPIs and treaty claimants — and directs holders to submit any exemption or lower-rate declarations to the registrar, KFin Technologies, by September 27, 2026. It also notes that, following an amendment to SEBI (LODR) Regulation 12 effective November 19, 2025, the company cannot pay dividends through physical instruments to shareholders whose bank details are not updated.
Why the record date matters
For a holder, the operative dates are the September 18, 2026 record date, which determines eligibility, and the September 27 deadline for filing any tax declarations. The filing is a compliance intimation rather than a financial disclosure — it does not restate the company's earnings or the dividend's total cost.