Automotive Axles Recommends ₹32 Final Dividend; TDS Applicable
Automotive Axles Ltd has announced its Board of Directors recommended a Final Dividend of ₹32 per equity share (320%) for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the 45th AGM on August 12, 2026. The record date is August 5, 2026. As per the Income Tax Act, 2025, dividend income is taxable. The company will deduct Tax at Source (TDS) on the dividend payment. Resident individual shareholders receiving less than ₹10,000 in a financial year will not have TDS deducted. For others, TDS will be 10% if PAN is updated. Shareholders are urged to submit tax exemption forms and supporting documents by August 5, 2026, via a provided link to ensure appropriate tax deduction.
Key Highlights
- Recommended Final Dividend of ₹32 per equity share for FY26.
- Dividend subject to shareholder approval at the AGM on August 12, 2026.
- Tax Deduction at Source (TDS) will be applicable on dividend payment.
- Shareholders must submit tax exemption forms by August 5, 2026.
- TDS rate is 10% for shareholders with PAN; exceptions for resident individuals below ₹10,000.
Price Impact
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