Cochin Shipyard Declares ₹3 Interim Dividend; TDS Details
Kochi, November 10, 2026 — Cochin Shipyard Limited (BSE: 540678 | NSE: COCHINSHIP) has declared its 1st Interim Dividend of ₹3.00 (60%) per equity share of face value ₹5 each for the financial year 2026-27.
The dividend was approved by the Board of Directors at their meeting held on November 10, 2026. It will be paid, subject to deduction of tax at source (TDS), by December 09, 2026 to shareholders whose names appear in the records as on the Record Date – Monday, November 16, 2026.
Key Dividend Details
|
Particulars |
Details |
|---|---|
|
Dividend Amount |
₹3.00 per share (60%) |
|
Face Value |
₹5 per share |
|
Record Date |
November 16, 2026 |
|
Payment Timeline |
By December 09, 2026 |
|
Financial Year |
2026-27 (1st Interim) |
TDS on Dividend – Important Guidelines
As per the Income Tax Act (as amended), dividend income is taxable in the hands of shareholders. Cochin Shipyard will deduct TDS at applicable rates.
For Resident Shareholders:
-
No TDS if total dividend in FY 2026-27 does not exceed ₹10,000 (for individuals).
-
TDS @ 10% in normal cases (or 20% if PAN is invalid/not linked with Aadhaar).
-
Form 121 (replacing earlier Form 15G/15H) can be submitted for exemption, subject to eligibility.
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Insurance companies, Mutual Funds, NPS Trust, AIFs and certain exempt entities can claim nil/lower TDS by submitting prescribed documents.
For Non-Resident Shareholders:
-
TDS @ 20% (plus applicable surcharge and cess).
-
Beneficial DTAA rates can be claimed by submitting Tax Residency Certificate (TRC), Form 41, self-declarations, and other required documents by the deadline.
Last date for submission of documents: November 16, 2026
Submission Portal: MUFG Intime India Private Limited (RTA)
Link: web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
Documents submitted after the deadline or through email will not be considered. Shareholders are advised to update PAN, Aadhaar linkage, and contact details with their Depository Participants at the earliest.
A detailed communication on TDS has also been made available on the company’s website: www.cochinshipyard.in.
Disclaimer: This is not tax advice. Shareholders should consult their tax advisors for specific guidance.