Communication to Shareholders - Intimation of Tax Deduction on Dividend
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Monika Alcobev Ltd has communicated details about TDS on dividend for FY 2025-26. The Board has recommended a dividend of Rs. 1 per equity share (10% on face value of Rs. 10 each), subject to shareholder approval at the 4th AGM on June 25, 2026. The record date for eligibility is June 18, 2026. For resident individuals, TDS of 10% applies if total dividend exceeds Rs. 10,000 in FY 2026-27, rising to 20% if PAN is invalid or inoperative. Non-resident shareholders face 20% TDS plus surcharge and cess. Various exemptions exist for mutual funds, insurance companies, and SEBI-registered AIFs. Shareholders must submit required documents by June 18, 2026 to claim exemptions or lower TDS rates. SEBI mandates electronic dividend payments only.
Shareholders should submit valid PAN and required tax forms by the deadline to avoid higher TDS deductions. The dividend of Rs. 1 per share provides a modest 10% return at face value. Failure to update bank details may result in inability to receive dividend.