Chalet Hotels Limited has announced a 10% interim dividend of Re. 1 per equity share, following a board meeting held on November 4, 2025. This decision reflects the company's ongoing commitment to shareholder returns as it continues to navigate the financial landscape for the fiscal year 2025-26. The dividend will be distributed to shareholders who hold equity shares as of the record date, November 11, 2025, and is subject to applicable tax deductions at source (TDS).
According to the provisions set forth by the Income-tax Act, 1961, dividends paid by companies after April 1, 2020, are taxable in the hands of shareholders. Consequently, Chalet Hotels is obligated to deduct TDS at the applicable rates before disbursing the dividend. Shareholders are urged to ensure that their Permanent Account Number (PAN) and other relevant details are updated with their respective depository participants by the record date to avoid any complications with tax deductions.
The company plans to pay the interim dividend within 30 days of the declaration, aiming for disbursement on or before December 3, 2025. Shareholders are reminded that the dividend's tax implications will be accounted for in the financial year 2025-26. As part of the communication to shareholders, Chalet Hotels has emphasized the importance of maintaining updated banking and personal details to facilitate smooth transactions and compliance with tax regulations.