Eimco Elecon (India) Limited has informed the Exchange regarding 'Communication of deduction of tax at source on Dividend'.
EIMCOELECO · price
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Eimco Elecon (India) Limited has communicated TDS requirements for the dividend recommended by the Board on April 14, 2026. The company proposed a final dividend of Rs. 4 per equity share (40% on Rs. 10 face value) for FY 2025-26, subject to shareholder approval at the 52nd AGM. Under the Income Tax Act 2025, the company is required to deduct tax at source on dividend payments. Resident shareholders face 10% TDS unless exempt or receiving dividend up to Rs. 10,000. Non-resident shareholders are subject to 20% TDS plus applicable surcharge and cess. Shareholders must submit required documents such as Form 121, PAN details, and self-declarations by June 12, 2026, to determine the applicable TDS rate. Those without valid PAN or Aadhaar-linked PAN will face TDS at twice the specified rate or 20%, whichever is higher.
Shareholders should submit the required tax documentation by June 12, 2026 to avoid higher TDS deductions on their dividend. Investors without proper documentation may receive less dividend than expected due to enhanced tax withholding.