Igarashi Motors dividend ₹1.30: key dates for 2026

What the company announced

Igarashi Motors India Ltd has recommended a final dividend of ₹1.30 per equity share for the financial year 2025-26. The dividend is subject to shareholder approval at the company’s 34th Annual General Meeting (AGM) scheduled for August 7, 2026. The recommendation was made by the Board of Directors at its meeting held on May 21, 2026, alongside the submission of the company’s Q4 and full-year financial results to the NSE.

For investors, the announcement matters for two reasons. First, dividend eligibility will be decided based on a fixed record date. Second, the company has set a separate deadline for submitting tax documents to determine the applicable tax deducted at source (TDS) rate.

Dividend amount, face value and payout context

The proposed final dividend is ₹1.30 per share on equity shares with a face value of ₹10 each. The company has also described this as a 13% payout on face value. As per the company’s communication, the dividend will be paid or dispatched within 30 days after the date of the AGM, subject to shareholder approval.

Separately, the stock market data shared alongside the announcement indicated a dividend yield of around 0.33% based on a last traded price of ₹389.85 on the NSE. Another cited figure puts the dividend yield at 0.35, indicating the yield estimate varies slightly with price and calculation date.

Key dates investors should track

The record date for determining dividend eligibility has been fixed for July 31, 2026. This date is also central for shareholders to ensure their holdings are correctly reflected in depository records.

In addition, the company has asked shareholders to submit tax documents by 5:00 PM IST on July 24, 2026. This deadline is intended to help the company apply the correct TDS rates under the Income-tax Act, 2025.

TDS rules: resident shareholders

For resident shareholders, the standard TDS rate mentioned is 10% under Section 393(1) of the Income-tax Act, 2025. The company has stated that no TDS will be deducted if the dividend amount does not exceed ₹10,000 in a financial year.

The company also noted that a nil TDS rate may be available for eligible cases if valid documents are submitted by the deadline. The set of documents referenced includes Form 121, PAN details, and self-declarations for exempt categories such as LIC, GIC, Business Trusts, and mutual funds.

A key compliance point is PAN status. If PAN is not available, invalid, or not linked with Aadhaar, the company has indicated that a higher TDS rate applies.

TDS rules: non-resident shareholders

For non-resident shareholders, the TDS rate cited is 20% plus applicable surcharge and cess, or the tax treaty rate, whichever is beneficial. To claim a lower treaty rate, shareholders need to submit a Tax Residency Certificate (TRC) valid for TY 2026-27 and a digital Form 41, as referenced in the company’s note.

The company also highlighted a higher TDS rate for shareholders residing in Notified Jurisdictional Areas. In such cases, the rate mentioned is 30%.

Document submission and KYC updates

The company has emphasised that if required documents are not received by the deadline, TDS will be deducted at higher rates. This is a practical point for investors who may otherwise assume the standard rate or treaty benefit will automatically apply.

Shareholders have also been asked to ensure their bank account details, PAN, and residential status are updated. The update process is to be carried out with their depository participants or with the company’s Registrar and Transfer Agent, Cameo Corporate Services Limited.

Dividend payout mode: electronic-only

Igarashi Motors has stated that dividends will be paid exclusively through electronic mode, citing SEBI mandates. For shareholders, this raises the importance of having correct bank account details mapped to their demat or folio records well before the record date and payout window.

The company’s repeated emphasis on electronic payment and documentation deadlines indicates a process-driven approach to dividend distribution, especially where different TDS rates may apply based on residency and documentation.

Market reaction and valuation markers mentioned

The stock reportedly fell 2.67% on the day of the dividend announcement, closing at ₹389.85 on the NSE. The market capitalisation referenced alongside this price point was ₹1,219.82 crore.

The article data also cites the dividend yield at approximately 0.33% based on the last traded price used in that calculation. A separate mention pegs the yield at 0.35, which can vary with price movements and timing.

Dividend track record in recent years

The dividend history shared includes a final dividend of ₹2.50 per share with an ex-dividend date of July 31, 2025, and a final dividend of ₹1.00 per share with an ex-dividend date of July 31, 2024. The dataset also notes that the company has declared 19 dividends since July 3, 2003, and that dividends are paid annually.

These historical points help frame the current recommendation of ₹1.30 per share for FY2025-26, while keeping the focus on the latest record date and documentation requirements.

SEBI compliance update disclosed alongside the dividend communication

In a separate compliance-related disclosure, the company said it reported full compliance with SEBI regulations for FY26 following an audit by BP & Associates. The review reportedly confirmed adherence to secretarial standards, policies, and disclosure requirements with no deviations. It also stated that no regulatory actions were taken against the company or its key personnel during the period.

Why the deadlines matter for investors

The operational takeaway is straightforward. Dividend eligibility is tied to the record date of July 31, 2026, while the TDS outcome depends on whether the required documents are received by 5:00 PM IST on July 24, 2026.

For investors who want the correct tax treatment, the company’s instructions suggest prioritising documentation and KYC updates ahead of the record date. The next confirmed milestone is the AGM on August 7, 2026, where shareholders will vote on the recommended final dividend.