Vinyl Chemicals (India) Limited has informed the Exchange about General Updates
VINYLINDIA · price
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Vinyl Chemicals (India) Limited has informed shareholders that the Board, at its meeting on April 24, 2026, has recommended a dividend of Rs. 7 per equity share (face value Re. 1) for FY ended March 31, 2026, subject to AGM approval. The company has communicated the TDS process under the new Income-Tax Act, 2025: resident shareholders with valid PAN will face 10% TDS, while those without valid PAN will face 20% TDS. Resident individuals whose total FY2026-27 dividend income does not exceed Rs. 10,000 are exempt from TDS. Non-resident shareholders will face 20% TDS plus surcharge and cess, with DTAA benefits available subject to documentation. Shareholders must submit all required tax-related documents by May 20, 2026, via the company's RTA portal or specified email IDs, failing which higher TDS rates will apply.
This is a routine shareholder communication accompanying the recommended Rs. 7 per share dividend. Investors should ensure their PAN is valid and Aadhaar-linked to avoid the higher 20% TDS rate, and submit any exemption forms (Form 121, DTAA documents) before the May 20, 2026 deadline to optimise tax outflow on the dividend.