Dividend14 Jul 2026, 12:47 pm
Afcons Infrastructure Recommends ₹2 Dividend, Details TDS Process
AI Summary
Afcons Infrastructure Ltd announced its Board of Directors has recommended a dividend of ₹2.00 per equity share (20%) for the Financial Year ended March 31, 2026. The dividend is payable on or after July 30, 2026, subject to shareholder approval at the AGM on July 30, 2026. The company has also provided detailed information regarding Tax Deduction at Source (TDS) on dividend payments, outlining varying withholding tax rates based on shareholder residency and submitted documentation. Specific procedures for claiming tax exemptions and requirements for physical security holders are also detailed.
Key Highlights
- Afcons Infrastructure recommends a dividend of ₹2.00 per equity share.
- Dividend payment is scheduled for on or after July 30, 2026.
- TDS rates on dividend vary based on shareholder residency and documentation.
- Shareholders need to provide necessary documents for tax exemption claims.
- Updated documentation is mandatory for physical security holders from April 1, 2024.
Price Impact
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