Indo Borax & Chemicals Limited (INDOBORAX) — Corporate Action

📢 Key Event
Special dividend of Rs 30 per share recommended alongside final dividend.

🔄 What Changed
Rs 40 total dividend per share proposed, including Rs 30 special dividend.

🔮 What's Next
Dividend payment contingent on shareholder approval at AGM on July 28, 2026.

💡 Investor Takeaway
Shareholders must submit required documents by July 20 to avoid higher TDS on dividend income.

Indo Borax & Chemicals Limited announced a final dividend of Rs 10 and a special dividend of Rs 30 per share, totaling Rs 40, subject to shareholder approval at the AGM on July 28, 2026. The company will deduct tax at source on dividend payments from April 1, 2026, as per the Income Tax Act, 2025. Resident shareholders with total dividends up to Rs 10,000 in FY 2026-27 may avoid TDS by submitting Form 121 and relevant documents by July 20, 2026. Non-resident shareholders must provide PAN, tax residency certificates, and Form 41 to claim treaty benefits or face a 20-30% withholding rate. Shareholders must update KYC details with the RTA to receive communications and ensure dividend credits.

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