Cochin Shipyard Limited (CSL) has announced a first interim dividend of ₹4.00 per equity share for the financial year 2025-26, representing an 80% payout based on the equity share's face value of ₹5 each. This declaration was made by the Board of Directors during their meeting on November 12, 2025. According to the company's announcement, the dividend will be distributed to shareholders recorded as of November 18, 2025, with payments scheduled to be completed by December 11, 2025, ensuring that shareholders receive their dividends within 30 days of the declaration.

The announcement also included important tax implications for shareholders, as CSL will deduct tax at source (TDS) from the dividend payout in accordance with the Income Tax Act, 1961. For resident shareholders, TDS will not apply if their total dividend does not exceed ₹10,000 for the financial year, provided they submit the appropriate forms (15G or 15H) by the deadline. For those whose PAN is not linked with Aadhar, TDS will be deducted at a higher rate of 20%. Shareholders are encouraged to verify and update their tax records to ensure compliance and avoid unnecessary tax deductions.

For non-resident shareholders, TDS will be deducted as per the applicable rates under Sections 195 and 196D of the Income Tax Act, with a standard deduction rate of 20% on dividends. To benefit from the Double Taxation Avoidance Agreement (DTAA), eligible non-resident shareholders must submit specific documents, including a Tax Residency Certificate and self-declaration forms, by the same deadline of November 18, 2025. This structured approach to dividend payouts and tax deductions highlights Cochin Shipyard's commitment to transparency and compliance, providing shareholders with essential information regarding their financial entitlements.