BSESaven Technologies LtdMediumPositive
Announced Fri, 13 Feb · 16:30 IST

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Saven Technologies has informed shareholders about the Tax Deduction at Source (TDS) process for the Interim Dividend of Rs. 1.50 per equity share (face value Re. 1) declared by the Board on 6th February 2026 for FY 2025-26. The record date for determining eligible shareholders is fixed as 16th February 2026, and the dividend will be paid on or before 7th March 2026. The communication outlines TDS rates applicable to different categories of shareholders — 10% for resident shareholders with valid PAN, 20% for those without PAN, and various rates for non-residents including FPIs, AIFs, and sovereign wealth funds. Shareholders seeking lower or nil TDS deduction must submit relevant documents and declarations to the company/RTA by 16th February 2026.

Likely market impact

Shareholders eligible for the Rs. 1.50 per share interim dividend should ensure their PAN and bank details are updated with their depository, and submit any tax exemption documents before 16th February 2026 to avoid higher TDS deduction. The filing is procedural and informational — it does not change the dividend amount or payment schedule already announced.