Oracle Financial Services Software Limited has informed the Exchange regarding 'Communication sent to the shareholders on deduction of tax on second interim dividend'.
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Oracle Financial Services Software has informed the exchange about the communication sent to shareholders regarding tax deduction at source (TDS) on its second interim dividend. The Board declared a second interim dividend of Rs. 270 per equity share (on face value of Rs. 5) for FY 2025-26 at its meeting on April 22, 2026. The record date for eligibility is Thursday, May 7, 2026. Shareholders have been asked to update PAN, Aadhaar linkage, bank details, and other KYC information with their depository participants or the RTA (KFin Technologies) before the record date. TDS will be deducted at 10% for resident shareholders with valid PAN, 20% without PAN, and 20% for FIIs/FPIs/other non-residents (subject to DTAA benefits). Shareholders must submit required forms and documents by May 7, 2026, 5:00 PM IST to claim lower TDS or exemptions.
This is a procedural TDS communication following an already-declared dividend of Rs. 270 per share, which is a substantial payout relative to face value. Shareholders who fail to update PAN and KYC details before the May 7 record date risk higher TDS deduction (20% instead of 10%). No direct impact on stock price is expected from this filing, but it confirms the company is distributing significant cash to shareholders.