Arvind Ltd Recommends ₹4.50 Dividend; Outlines TDS Rules
Arvind Limited's Board of Directors has recommended a final dividend of ₹4.50 per equity share for the Financial Year ended March 31, 2026, subject to shareholder approval at the upcoming AGM. The company has communicated to shareholders regarding Tax Deducted at Source (TDS) on dividend payments as per the Income-tax Act, 1961. The communication details the tax framework, required documents, and varying withholding tax rates based on shareholder residency and submitted documentation. For resident individual shareholders, no tax will be deducted if the total dividend payout does not exceed ₹10,000 during Tax Year 2026-27. Specific procedures and documentation are outlined for different shareholder categories to ensure correct tax treatment.
Key Highlights
- Arvind Ltd recommends a final dividend of ₹4.50 per equity share.
- TDS on dividend payments is applicable as per Income-tax Act, 1961.
- Withholding tax rates vary based on shareholder residency and documentation.
- No TDS for resident individuals if dividend payout is ₹10,000 or less.
- Shareholders need to provide necessary documents for correct tax treatment.
Price Impact
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