State-owned company Indian Renewable Energy Development Agency Ltd. (IREDA) on Wednesday said the company's board has approved an interim dividend of Rs 0.60 i.e at 6% per equity share for the financial year 2025-26. This is subject to deduction of TDS on the face value of the paid-up equity shares of Rs 10 each for the FY 2025-26.
IREDA CMD Pradip Kumar Das said the declaration of interim dividend reflects IREDA's consistent financial strength and its commitment to delivering long-term value to shareholders.
Further, the record date for the said interim dividend is fixed as Thursday, April 02, 2026, for deciding the eligibility of shareholders for the purpose of payment of interim dividend. The said interim dividend shall be paid within 30 days of declaration of dividend.
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The company has further informed that as per the provisions of the Income Tax Act, 1961, dividend income is taxable in the hands of the shareholders and the company is required to deduct tax at source (TDS) at the time of making payment of dividend, at the rates prescribed under the Income Tax Act, 1961. However, in case a shareholder wants that their tax should be deducted at lower rates or no tax should be deducted in accordance with Income tax Act, 1961, then they should submit scanned copy of PAN, form l5G/15H & other requisite documents on or before April 2, 2026, the company in its regulatory filing said.
The company informed that no communication on the tax determination/deduction of tax at lower rates shall be entertained after April 2, 2026 and/ or incomplete documents will not be considered.
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