Announced Tue, 21 Jul · 18:44 IST
UBL informs shareholders about TDS on Rs.10 dividend for FY26
Corporate Actions View source PDF
UBL · price
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AI summary
UBL has recommended a dividend of Rs.10 per equity share (face value Rs.1) for FY ending March 31, 2026, subject to shareholder approval at the AGM on August 12, 2026. The record date is fixed as August 7, 2026. The filing reminds members that dividend income will now be taxed in their hands since the Dividend Distribution Tax has been abolished. Shareholders must submit tax exemption forms by August 5, 2026, to avoid higher TDS deduction.
Likely market impact
Eligible shareholders receive Rs.10 per share dividend. Submit tax exemption forms by August 5 to minimise TDS on dividend income.