GAIL Board to Consider Interim Dividend for FY26; Record Date Set for Feb 5

GAIL Announces Interim Dividend Consideration; Sets Key Dates and Detailed TDS Compliance Guide

GAIL (India) Ltd. informs shareholders of a Board meeting on Jan 31, 2026, to consider an Interim Dividend for FY 2025-26. Record Date is Feb 5, 2026. Check detailed TDS deduction rates & document submission process for resident & non-resident investors.

New Delhi, January 27, 2026: GAIL (India) Limited, the Maharatna public sector undertaking, has officially notified its shareholders and the stock exchanges about an upcoming Board meeting to consider the declaration of an Interim Dividend for the Financial Year 2025-26.

Key Announcement Details:

Board Meeting Date: The meeting of the Board of Directors is scheduled for Saturday, January 31, 2026.
Record Date: For the purpose of determining eligibility for the Interim Dividend, the Company has fixed Thursday, February 5, 2026, as the "Record Date."
Payment Timeline: If approved, the dividend will be disbursed to eligible shareholders within the statutory period of 30 days from the date of Board approval.
Mandatory Electronic Payment: In compliance with SEBI regulations, GAIL will make all dividend payments exclusively through electronic modes (NEFT/RTGS). Physical cheques or demand drafts will not be issued. Shareholders are urged to ensure their correct bank account details, IFSC code, and KYC are updated with their Depository Participant (for demat holdings) or the Company's Registrar.

Crucial TDS (Tax Deducted at Source) Compliance Information:

Pursuant to the amended Income Tax Act, dividends are taxable in the hands of shareholders, and the Company is mandated to deduct TDS at the time of payment. GAIL has released a comprehensive guide outlining the applicable tax rates and necessary documents for both resident and non-resident shareholders.

Important Submission Window: Shareholders must submit the requisite declarations/documents to avail of beneficial/NIL TDS rates between January 27, 2026, and February 6, 2026, via email to dividend@gail.co.in.

Summary of Key TDS Rates & Requirements:

A. For Resident Shareholders:

Standard Rate (with valid PAN): 10% (No TDS if total dividend income for FY26 is below ₹10,000/- per shareholder).
Without Valid PAN: 20%.
NIL Deduction (Form 15G/15H): Eligible individuals (below 60 years for Form 15G, 60+ for Form 15H) can submit these forms if their estimated total tax liability for FY 2025-26 is Nil.
Other Exempt Entities: LIC, GIC, Mutual Funds, Government, certain AIFs, etc., must submit a self-declaration (Annexure-3) with supporting documents for NIL deduction.

B. For Non-Resident Shareholders:

Standard Rate: 20% (plus applicable surcharge & cess).
Tax Treaty Benefit: Foreign Portfolio Investors (FPIs) and other non-residents can avail of lower treaty rates by submitting a Tax Residency Certificate (TRC), Form 10F acknowledgement, and a beneficial ownership declaration (Annexure-5/7).
Specific Exemptions: Sovereign Wealth Funds and Pension Funds notified under Section 10(23FE), and wholly-owned subsidiaries of ADIA can submit declarations (Annexure-8/9/10) for NIL deduction.

Action Required for Shareholders:

Update KYC & Bank Details: Ensure your PAN, email, mobile number, and bank account information are updated with your DP or GAIL's RTA.
Assess Eligibility: Review the detailed communication to determine your applicable TDS category.
Submit Documents (if applicable): If seeking a lower/NIL TDS rate, download the relevant annexure from the GAIL website and email the duly filled, signed documents to dividend@gail.co.in within the specified deadline (Feb 6, 2026).
Access TDS Certificate: Post-deduction, TDS certificates (Form 16A/16D) will be available for download from the 'Investor Guide' section on GAIL's website.