Mazagon Dock Shipbuilders has declared an interim dividend of Rs 5 per equity share for the 2026-27 financial year. Shareholders must ensure their tax documentation is updated with their depository participant before the record date to avoid higher tax withholding.
Mazagon Dock Declares Rs 5 Interim Dividend for FY27
Interim dividend set at Rs 5 per share with a record date of November 3, 2026.
Reader Takeaway: Ensure tax documents are current by the record date to avoid higher TDS deductions on your payout.
What just happened
The Board of Directors of Mazagon Dock Shipbuilders Limited approved an interim dividend of Rs 5 per equity share for the financial year 2026-27. This dividend has a face value of Rs 5 per share.
Important Dates
- Record Date: Tuesday, November 3, 2026.
- Payment Date: On or before November 26, 2026.
Why this matters
For retail investors, timely receipt of dividend income depends on accurate records. The company has clarified that dividend income is taxable and subject to Tax Deduction at Source (TDS). Shareholders who do not have updated tax status, PAN, or category details on file with their Depository Participant (DP) or Registrar (Alankit Assignments Limited) may face higher tax deduction rates.
Action items for shareholders
If you seek an exemption or a lower tax deduction rate, you must submit the required documentation through the RTA portal or via email to rta@alankit.com. The deadline for these submissions is 11:59 p.m. IST on November 3, 2026. If documentation is missing, the company will deduct TDS at higher rates, requiring shareholders to claim a refund during their income tax return filings. You can verify your TDS credit status later via Form 26AS.