Please find enclosed a specimen of the email sent to shareholders whose email addresses are registered with the Depository Participants/Registrar and Share Transfer Agent intimating about ....
MAJESAUT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Majestic Auto Ltd has sent an email to its shareholders informing them about tax deduction at source (TDS) on the Interim Dividend declared for FY 2025-26. The Board, at its meeting on February 11, 2026, declared an Interim Dividend of Rs. 35 per equity share (face value Rs. 10), translating to 350%. The Record Date for eligibility was February 17, 2026, and the dividend will be paid on or before March 13, 2026. TDS will be deducted under Section 194 of the Income Tax Act at 10% for resident shareholders and 20% (plus surcharge and cess) for non-resident shareholders. Shareholders whose PAN is invalid or not linked with Aadhaar will face a higher TDS rate of 20% under Section 206AA. Shareholders were required to submit exemption or tax treaty documents by February 22, 2026, to claim lower or nil TDS.
Shareholders should expect a net dividend after TDS deduction. Shareholders holding shares in physical form need to update PAN, KYC and bank details with the RTA (Alankit Assignments Limited) to receive the dividend electronically. Those who failed to submit the required documents by the deadline may face higher TDS but can claim refunds when filing their income tax returns.