Elecon Engineering Company Limited has informed the Exchange regarding 'Communication to Shareholders Final Dividend for FY 2025-26 - Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend'.
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Elecon Engineering has communicated details about TDS/withholding tax procedures for the final dividend of Rs. 1.50 per share (150% on face value of Re. 1) recommended by the Board on April 15, 2026 for FY 2025-26. The dividend is subject to shareholder approval at the 66th AGM. For resident shareholders, TDS will be 10% unless exempt or if dividend does not exceed Rs. 10,000. Non-resident shareholders face 20% withholding tax plus applicable surcharge and cess. Shareholders must submit required documents including PAN linked to Aadhaar by June 12, 2026 to avoid higher tax deduction rates.
This is a standard tax compliance communication ahead of dividend distribution. The 150% dividend payout signals positive sentiment. Shareholders should ensure proper documentation to avoid excess TDS and claim refunds via income tax returns if higher tax is deducted.