Communication to Shareholders on Interim Dividend & Tax Deduction on Dividend Payout.
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Mobavenue AI Tech Ltd (formerly known as Lucent Industries Ltd) has declared an interim dividend of 5%, which works out to Rs. 0.50 per equity share on a face value of Rs. 10, for the financial year 2025-26. The dividend was approved by the Board of Directors at its meeting held on November 13, 2025. The record date for determining eligible shareholders has been fixed as November 21, 2025. The filing primarily serves as a tax communication, detailing TDS deduction procedures for both resident and non-resident shareholders — resident shareholders with valid PAN will face 10% TDS, while non-residents may avail DTAA benefits by submitting the required documents. Shareholders must submit all required forms and KYC documents by November 21, 2025, to avoid higher TDS deduction.
Eligible shareholders as on the record date of November 21, 2025 will receive Rs. 0.50 per share as interim dividend. Shareholders should ensure their PAN, Aadhaar linking, and bank details are updated to avoid higher TDS deduction (20% instead of 10%) and to receive the dividend credit on time.