Finolex Cables Recommends 450% Dividend; TDS Rules Apply
Finolex Cables Ltd has announced a recommended dividend of 450% (₹9 per equity share) for the Financial Year ended March 31, 2026. This dividend is subject to shareholder approval at the 58th Annual General Meeting on September 28, 2026. The company has informed shareholders about the applicability of Tax Deduction at Source (TDS) under the Income Tax Act, 1961. Shareholders are required to submit necessary details like PAN, residential status, and category to their Registrar and Share Transfer Agent, KFin Technologies Limited, by September 4, 2026, to ensure correct TDS deduction. For resident individual shareholders with aggregate dividend income up to ₹10,000, the TDS rate is 0% upon submission of a valid declaration in Form 121. However, a 20% TDS rate applies if PAN is not submitted or is invalid.
Key Highlights
- Finolex Cables recommends a 450% dividend (₹9/share) for FY26.
- Dividend payment is scheduled for on or before October 27, 2026.
- Shareholders must provide updated details for TDS compliance.
- TDS rates vary based on PAN validity and shareholder category.
- Form 121 declaration required for 0% TDS for eligible residents.
Price Impact
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