Zensar Technologies Limited Board of Directors at its meeting held on April 24, 2026, recommended a final dividend of Rs 12.60 per share on face value of Rs 2 each, representing 630%, for the financial year ended March 31, 2026. The dividend will be payable after shareholder approval at the company's 63rd Annual General Meeting.
Zensar Technologies Limited has communicated to shareholders the process and documentation required for claiming tax exemption on dividend for FY 2025-26. The communication covers Tax Deduction at Source (TDS)/withholding tax provisions applicable to dividend distribution.
For resident shareholders, TDS will be deducted at 10% under Section 393(1) read with 393(4) of the Income Tax Act, 2025, on dividend amounts exceeding Rs 10,000. Invalid or inoperative PAN will attract a higher TDS rate of 20% under Section 397(2) of the Act. Shareholders must submit Form 121 or relevant documents on or before June 26, 2026, to claim exemption.
Resident individual shareholders can submit Form 121 through their depository participants NSDL or CDSL. The company will rely on income tax department reports to verify PAN validity. Shareholders holding shares in physical mode must submit documents to registrar KFin Technologies Limited.
Non-resident shareholders can claim benefits under Double Tax Avoidance Agreements by submitting Tax Residency Certificate for Tax Year 2026-27, Form 41 for treaty relief, copy of PAN, self-declaration of beneficial ownership, and other prescribed documents by June 26, 2026. The company will arrange to email TDS certificate Form 168 to shareholders post dividend payment.
Zensar Technologies has urged members to update KYC details including PAN, nomination, contact information, and bank account details as SEBI mandates electronic dividend payment only. The company has also launched a campaign from April 1 to July 9, 2026, to enable shareholders to claim unpaid or unclaimed dividends before transfer to IEPF.
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.