VOLTASNSEVoltas Limited· EngineeringLowNeutral
Announced Tue, 26 May · 20:47 IST

Voltas Limited has informed the Exchange about Communication sent to Shareholders for deduction of Tax on Dividend.

Corporate Actions View source PDF

VOLTAS · price

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-1.2%1-day move
₹1272.90
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AI summary

Voltas Limited has sent a communication to shareholders regarding Tax Deduction at Source (TDS) on dividend for FY 2025-26. The Board has recommended a dividend of Rs. 4 per equity share of Re. 1 each (400% dividend), payable subject to shareholder approval at the 72nd AGM on 30th June, 2026. For resident shareholders with valid PAN, TDS will be 10%; without PAN, it is 20%. Resident individual shareholders with dividend up to Rs. 10,000 are exempt from TDS, or can submit Form 121 to claim exemption. Non-resident shareholders are subject to 20% plus surcharge and cess, or can claim lower Tax Treaty rates by submitting required documents including Tax Residency Certificate and Form 41. Documents must be submitted by 12th June, 2026.

Likely market impact

This is a routine TDS compliance communication. The recommended 400% dividend (Rs. 4 per share) remains subject to shareholder approval at the upcoming AGM. Shareholders should submit required tax documents by 12th June 2026 to ensure correct TDS rates are applied.