Ashika Global Securities Ltd: Dividend Tax Deduction Communication

Ashika Global Securities Ltd has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on dividends. The company's Board of Directors recommended a dividend of Re. 0.50 per equity share for the financial year ended March 31, 2026. This dividend is taxable as per the Income Tax Act, 2025, and will be subject to TDS at prescribed rates if approved at the upcoming AGM. The communication details the process for shareholders to submit necessary documents and declarations for tax exemption, including updated PAN, Aadhaar, and bank details, especially for those holding shares in physical form. Shareholders are advised to update their KYC with M/s. Maheshwari Datamatics Pvt. Ltd. to avoid dividend withholding.