Spacenet Enterprises India Limited has informed the Exchange about General Updates
SPCENET · price
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Spacenet Enterprises India Limited has declared an interim dividend of 1% (Rs. 0.01 per equity share with face value of Rs. 1) for FY 2025-26. The Board of Directors approved this dividend at their meeting held on 29th May 2026. Friday, 5th June 2026 has been fixed as the Record Date to determine shareholder eligibility for the dividend payment. The company will deduct tax at source on dividend payments as per the Income-tax Act, 2025, with rates varying based on shareholder residential status and documentation submitted. Resident individual shareholders with total dividend up to Rs. 10,000 for Tax Year 2026-27 will have no TDS deducted. Shareholders must update their KYC details and submit required documents to the RTA (CIL Securities Limited) by 5th June 2026 to avail appropriate tax rates.
The declaration of a modest interim dividend signals the company's profitability and cash generation ability. While the dividend amount is small (Re. 0.01 per share), it demonstrates management's commitment to returning value to shareholders. The record date of 5th June 2026 is important for investors who need to be on the share register to receive the dividend.