UNO Minda Limited announced the tax deduction at source (TDS) details for its recommended final dividend of Rs 1.75 per equity share. The Board of Directors recommended this dividend during a meeting on 16 May 2026, representing 87.50% of the Rs 2 face value. Shareholders must approve the payment at the upcoming Annual General Meeting.
The record date for eligibility is 29 May 2026. Shareholders holding shares in demat form or on the register of members as of this date will receive the dividend. The Income Tax Act 2025 mandates TDS on dividends distributed after 1 April 2020.
Resident individual shareholders receiving dividends above Rs 10,000 must provide a valid PAN for a 10% TDS rate. Without a PAN, the rate increases to 20%. Non-resident shareholders, including Foreign Institutional Investors, face a 20% withholding tax plus surcharge and cess. They may claim tax treaty benefits by submitting documents like a Tax Residency Certificate by 10 June 2026.
Exemptions apply to insurance companies, mutual funds, and Alternative Investment Funds (AIF) with valid self-declarations and registration certificates. The company has published the communication on its website for shareholder reference. Required documents must be submitted by 10 June 2026 to ensure accurate TDS application.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.