EIMCOELECO · price
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Eimco Elecon (India) Ltd has notified shareholders about TDS on dividend following the Income Tax Act, 2025. The Board had recommended a final dividend of Rs. 4/- (40%) per equity share of Rs. 10 face value for FY 2026, subject to AGM approval. For resident shareholders, TDS is 10% unless dividend does not exceed Rs. 10,000, or Form 121 is submitted. Non-resident shareholders face 20% withholding tax plus applicable surcharge and cess. Shareholders must submit required documents (PAN linked to Aadhaar, self-declarations, Form 121) to the RTA by June 12, 2026, to avoid higher TDS rates.
The proposed Rs. 4 per share dividend is positive for shareholders, but they must ensure proper documentation (valid PAN linked to Aadhaar, Form 121) is submitted before June 12, 2026, to avoid excess tax deduction at source.