Communication to Shareholders on Interim Dividend & Tax Deduction on Dividend payout.
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Mobavenue AI Tech Ltd has declared an interim dividend of 5%, amounting to Rs. 0.50 per equity share on a face value of Rs. 10, for FY 2025-26. The dividend was recommended by the Board of Directors at its meeting held on February 11, 2026. The record date for eligibility has been fixed as Friday, February 20, 2026. The communication also details TDS provisions: 10% for resident shareholders with a valid PAN, 20% without PAN or if PAN is not linked with Aadhaar, and 20% plus surcharge/cess for non-resident shareholders (lower DTAA rates may apply with proper documentation). Shareholders must submit relevant declarations (Form 15G/15H for residents, Form 10F/TRC for non-residents) by February 20, 2026 to avoid higher TDS deduction.
Shareholders holding shares as of the record date (February 20, 2026) are eligible for the interim dividend of Rs. 0.50 per share. The small absolute dividend amount suggests modest returns, and shareholders should ensure PAN-Aadhaar linkage and submit required forms on time to avoid higher TDS deductions of 20% instead of 10%.