Delta Corp Limited (NSE:DELTACORP) filed an exchange communication on 20 August 2026 informing shareholders of the tax deduction at source applicable to its final dividend of Re 0.50 per equity share of face value Re 1, recommended by the board on 22 April 2026 for the financial year ended 31 March 2026.
Key Highlights
- The board recommended a final dividend of Re 0.50 per equity share of face value Re 1 each for FY2025-26, subject to shareholder approval at the AGM scheduled for 10 September 2026.
- The record date for determining dividend eligibility was fixed at Monday, 17 August 2026, as per details to be furnished by NSDL and CDSL.
- Resident individual shareholders with a valid PAN face a TDS rate of 10%; those without a valid or operative PAN will be subject to TDS at the higher of the prescribed rate or 20%.
- Non-resident shareholders must submit documents including a Tax Residency Certificate and Form 41 by 29 August 2026, 5:00 PM IST, to claim applicable DTAA benefits.
About the Company
Delta Corp Limited (NSE:DELTACORP), headquartered at Delta House, Worli, Mumbai, is India's only listed integrated gaming and hospitality company. The company operates licensed casinos, including offshore floating casinos in Goa and land-based casinos in Sikkim and Daman, alongside a hospitality portfolio. It is registered under CIN L65493MH1990PLC436790 and reports under the Consumer Brands and Retail sector.
Announcement in Detail
Pursuant to the Finance Act, 2020, dividend income is now taxable in the hands of shareholders, requiring Delta Corp Limited (NSE:DELTACORP) to deduct TDS at prescribed rates before payment. The board, at its meeting on 22 April 2026, recommended a final dividend of Re 0.50 per equity share for FY2025-26. This dividend is subject to approval at the AGM on 10 September 2026, and will be paid to members whose names appear on the register as of the record date of 17 August 2026.
Under the Income Tax Act, 2025, resident individual shareholders with a valid PAN will have TDS deducted at 10%, while those without a valid or operative PAN face a rate of 20% or the prescribed TDS rate, whichever is higher. TDS is not applicable for resident individuals if aggregate dividend in Tax Year 2026-27 does not exceed Rs 10,000. Non-resident members face TDS at 20% plus applicable surcharge and cess, or 30% for shareholders resident in a Notified Jurisdictional Area.
Impact on Investors
Investors will note that the net dividend received will depend on the applicable TDS category. Resident shareholders who submit a duly signed Form 121 declaration and satisfy the prescribed eligibility conditions may avoid TDS deduction. The filing shows that shareholders must submit all required documents, including PAN, Form 121, or TRC as applicable, to the company's registrar portal or by email to the designated address no later than 29 August 2026, 5:00 PM IST, as no revisions to TDS returns will be accepted after that deadline.
Shareholders holding shares under multiple accounts with a single PAN should note that the higher applicable tax rate across their various account categories will govern TDS on their entire holding. The disclosed terms indicate that non-resident shareholders seeking DTAA benefits must supply a self-declaration confirming ultimate beneficial ownership and the absence of a permanent establishment in India during Tax Year 2026-27.
Sector / Market Context
India's gaming and hospitality sector operates under a multi-layered regulatory framework spanning state-level licensing in Goa, Sikkim, and Daman, along with central tax provisions. The shift of dividend taxation to shareholders' hands under the Finance Act, 2020 applies uniformly across listed Indian companies, making shareholder-level TDS communications a standard compliance requirement ahead of dividend payment cycles, as observed across NSE and BSE listed entities in recent fiscal years.