NELCO Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
NELCO · price
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Nelco Limited has informed shareholders about the recommended dividend of Rs. 1 per equity share (10% on Rs. 10 face value) for FY 2025-26, subject to AGM approval. The company will deduct TDS on dividend payments as per Income Tax Act 2025 provisions. For resident shareholders with valid PAN, TDS is 10%; without PAN, it is 20%. Resident individuals receiving dividend up to Rs. 10,000 are exempt. Non-resident shareholders face 20% TDS plus surcharge and cess. Shareholders must submit required documents (Form 121, PAN, tax residency certificates, etc.) by 10th June 2026 to determine applicable TDS rates. Dividend will be paid only via electronic mode to registered bank accounts.
This is a standard procedural filing informing shareholders of dividend tax deduction requirements. The dividend recommendation of Rs. 1 per share signals a 10% return to shareholders. No material impact on stock price expected from this administrative communication.