TDS communication on Rs.120 per share final dividend FY26

Dividend Yield Above 3pctCorporate Actions View source PDF

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AI summary

Industrial and Prudential Investment Co. has recommended a final dividend of Rs. 120 per equity share (1200 percent on face value of Rs. 10) for FY ending March 31, 2026. Record date is August 12, 2026, AGM is August 20, 2026. Dividend payment after August 21, 2026. This TDS communication explains tax deduction procedures; rates range from nil to 20 percent depending on shareholder category. PAN-Aadhaar linking mandatory or 20 percent TDS applies.

Likely market impact

Very high dividend yield of 1200 percent on face value; update KYC before August 12 record date to avoid higher TDS.