IOL Chemicals and Pharmaceuticals Limited has informed the Exchange about General Updates
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IOL Chemicals and Pharmaceuticals has informed the exchange about a communication sent to shareholders regarding TDS on the Interim Dividend declared for FY 2025-26. The Board, at its meeting on 11th February 2026, declared an Interim Dividend of Rs. 1/- per equity share (50%) on shares with a face value of Rs. 2/- each. The Record Date for determining shareholder entitlement has been fixed as Tuesday, 17th February 2026. The letter explains TDS rules under the Income Tax Act — no TDS on dividend amounts up to Rs. 10,000 for resident individuals, while 20% TDS applies for shareholders without PAN or with inoperative PAN. Shareholders must submit Form 15G/15H/10F or other declarations through the RTA's portal (Alankit Assignments) on or before 17th February 2026 to avoid higher TDS deduction.
Shareholders who do not submit the required tax exemption documents by 17th February 2026 will face higher TDS deduction on their dividend. Eligible resident shareholders should file Form 15G/15H to claim exemption and avoid unnecessary tax deduction, while ensuring their bank and PAN details are updated with the RTA.