Communication to Shareholders sent for Dividend for FY 2025-26 relating to Tax Deduction at Source (TDS)/ withholding Tax on Dividend.
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Awaiting price reaction for this filing.
Technojet Consultants Limited has communicated TDS (Tax Deducted at Source) requirements to shareholders ahead of dividend payment for FY 2025-26. The Board has recommended a dividend of Rs 87 per equity share (face value Rs 10) at its meeting on 15th May 2026. The dividend, subject to shareholder approval at the 44th AGM on 19th June 2026, will be paid to shareholders holding shares as of 12th June 2026 (record date). For resident shareholders with valid PAN, TDS rate is 10%; without PAN or invalid PAN, it is 20%. Resident individuals can claim exemption if total dividend does not exceed Rs 10,000 or by submitting Form 15G. Non-resident shareholders face 20% withholding tax plus surcharge and cess, with option to claim DTAA benefits.
The filing confirms a Rs 87 per share dividend is being proposed, which if approved at the AGM will be paid after 19th June 2026. This is a positive signal for shareholders, though the filing itself is a procedural TDS communication rather than a price-sensitive event. Shareholders should submit required tax documents by 12th June 2026 to ensure correct TDS rates are applied.