Communication to shareholders - Intimation on dividend Taxation provisions
ZENSARTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zensar Technologies has notified shareholders about tax deduction procedures for the recommended final dividend of ₹12.60 per share (630% on face value of ₹2) for FY 2025-26, pending shareholder approval at the 63rd AGM. For resident shareholders, TDS of 10% will be deducted if aggregate dividend exceeds ₹10,000, with a higher 20% rate applied if PAN is invalid or inoperative. Various categories of investors (insurance companies, mutual funds, AIFs) can claim NIL TDS with proper documentation. Non-resident shareholders can claim DTAA benefits by submitting Form 41, Tax Residency Certificate, and self-declarations. All required documents must be submitted by June 26, 2026. SEBI has mandated electronic dividend payments only.
Shareholders must submit valid PAN and required tax exemption forms by June 26, 2026, to avoid higher TDS deductions. The Company is also urging shareholders to update bank details for seamless electronic dividend credit under SEBI's mandatory e-payment rules.