AFCONSBSEAFCONS INFRASTRUCTURE LTDLowNeutral
Announced Tue, 14 Jul · 12:45 IST

TDS on Dividend: Rs 2 per share (20%) for FY26, payable from July 30

Corporate Actions View source PDF

AFCONS · price

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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹299.20
prior close
₹293.35
base price
In-mkt
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+0.1+0.1+0.1+0.1-2.2-4.4-0.7-1.1-2.9-5.3
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AI summary

Board has recommended a dividend of Rs 2 per equity share (20%) on face value of Rs 10 for FY ended March 31, 2026. Payment begins on July 30, 2026 after AGM approval on the same day. Company is informing shareholders about TDS rates under the Income Tax Act, 2025: 10 percent for those with valid PAN, 20 percent without PAN, with nil or lower rate options for certain categories. Shareholders must submit tax exemption documents to RTA MUFG Intime by July 16, 2026 to avoid higher deduction.

Likely market impact

Shareholders should submit tax exemption documents to RTA by July 16, 2026 to avoid higher TDS on Rs 2 per share dividend payable from July 30.