Cords Cable Industries Limited has informed the Exchange about General Updates
CORDSCABLE · price
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Cords Cable Industries Limited has informed shareholders about the tax deduction process on its upcoming dividend. The Board, at its meeting on May 28, 2026, recommended a dividend of Rs. 1.20 per equity share (12% on face value of Rs. 10) for FY ended March 31, 2026, subject to AGM approval. TDS will apply as per the Income-tax Act, 2025: no TDS for resident individuals if total dividend is below Rs. 10,000; 10% for those with valid PAN and dividend above Rs. 10,000; 20% without PAN; and 20% plus surcharge and cess for non-residents. Shareholders seeking exemptions or DTAA benefits must submit the required declarations and documents (Form 121, TRC, Form 41, PAN copies, self-declaration) to the RTA, MUFG Intime India Private Limited, by August 31, 2026.
This is a routine compliance communication regarding the 12% dividend declared for FY26. Shareholders should submit the required TDS exemption or DTAA documents to the RTA before the August 31, 2026 deadline to avoid higher tax deduction. The dividend confirmation is positive for shareholders but remains pending AGM approval.