
Dividend30 Jul 2026, 12:47 pm
Century Enka Ltd: Dividend Tax Deduction Communication to Shareholders
AI Summary
Century Enka Ltd has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on dividend payments. The Board of Directors recommended a dividend of 110% (₹11 per equity share) for FY26, subject to approval at the AGM on August 20, 2026. Dividends, taxable from April 1, 2020, require TDS at applicable rates. Shareholders must update mandatory details like residential status, PAN, Aadhaar, and category by August 13, 2026, to ensure correct TDS application. Resident shareholders will face a 10% TDS unless exempt, with a higher rate of 20% applicable if PAN is not linked with Aadhaar. The company will rely on details available on the record date.
Key Highlights
- Board recommended 110% dividend for FY26, payable post-August 24, 2026.
- Shareholders must update PAN, Aadhaar, and residential status by August 13, 2026.
- TDS of 10% applicable for resident shareholders; 20% if PAN/Aadhaar not linked.
- Dividend income is taxable in the hands of shareholders.
- Company to rely on details available on record date for TDS.
Price Impact
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