HPCL Dividend 2026: ₹19.25/share Final – Record Date Aug 14 – Avoid 20% TDS by July 31

Mumbai, June 12, 2026 – Hindustan Petroleum Corporation Limited (HPCL), a Maharatna PSU, has officially communicated the tax deduction guidelines for its recommended final dividend of ₹19.25 per equity share for the financial year 2025-26. Investors must take note of the critical record date and updated TDS provisions under the new Income Tax Act, 2025, as amended by the Finance Act, 2026.

Key Dates Shareholders Cannot Miss

• Record Date: August 14, 2026 (Shareholders must hold shares by this date to be eligible)

• Document Upload Deadline: July 31, 2026 (To claim TDS exemptions)

• AGM Approval: Pending shareholder approval in the upcoming Annual General Meeting

TDS on HPCL Dividend: What Resident & Non-Resident Investors Need to Know

Following recent changes in tax laws, dividend income is now taxable in the hands of shareholders, and HPCL will deduct tax at source (TDS) at the time of payment. The deduction rate depends on your status and compliance.

For Resident Shareholders:

• Standard TDS: 10% (requires valid PAN linked with Aadhaar).

• Penal TDS: 20% if PAN is invalid, not updated, or Aadhaar-PAN linking is not verified.

• No TDS if: Total dividend from HPCL during FY 2026-27 is ≤ ₹10,000.

• Exemption available: Submit Form 121 (Annexure 1) – the successor to Form 15G/15H – if eligibility conditions are met.

For Non-Resident Shareholders:

• Standard TDS: 20% plus applicable surcharge and cess under Section 393(2) of the IT Act.

• Lower rates possible: Only if an exemption applies under the IT Act or a tax treaty, supported by documentary proof.

Critical Warning: If you hold shares under multiple accounts (e.g., Resident and Non-Resident) but with the same PAN, HPCL will apply the highest applicable tax rate across your entire holding.

How to Avoid Higher Tax Deduction (20%)

To prevent excess TDS and claim a refund later (which requires filing an income tax return), shareholders must act before July 31, 2026.

Upload required documents here: www.hpcldiv2026.com
Or email to: taxforms@hpcldiv2026.com

*Required documents include valid PAN proof, Form 121 for residents, or tax residency certificates/Treaty forms for non-residents.*

SEBI’s Mandatory Electronic Payment Rule

As per SEBI circulars effective April 1, 2024, all corporate benefits (including dividends) will be paid only via electronic mode. Shareholders must ensure their KYC details are updated:

• Demat holders: Update with your Depository Participant (DP).

• Physical holders: Update with the Registrar & Share Transfer Agent.

Ensure your PAN, email, mobile number, and bank details are correct to receive the dividend seamlessly.

TDS Credit & Indemnity Clause

• TDS deducted will reflect in Form 168, downloadable from the income tax e-filing portal.

• Indemnity warning: If any misrepresentation or omission by the shareholder leads to an income tax demand (including interest or penalty), the shareholder will be solely responsible to indemnify HPCL.

Final Advice for Investors

HPCL has clarified that this communication is not tax advice. Shareholders are strongly urged to consult their tax professionals. The company will not entertain claims for refunds if a higher TDS is applied due to missing documentation.