Five-Star Business Finance Recommends ₹2 Dividend, Outlines TDS Rules
Five-Star Business Finance Ltd has communicated to its shareholders regarding the Tax Deduction at Source (TDS) on its recommended final dividend of ₹2.00 per equity share for FY 2025-26. The Board of Directors made this recommendation on April 28, 2026. The email communication details the process and documentation for claiming tax exemption or withholding tax on dividends. Shareholders are advised to update their PAN, bank details, and contact information with their depositories or the company's RTA, KFin Technologies Limited. The email also provides general information on TDS rates for resident individuals and non-individuals, including exemptions and specific rates for different categories like AIFs and Mutual Funds, as per the Income-tax Act, 2025.
Key Highlights
- Board recommended a final dividend of ₹2.00 per equity share.
- Shareholders need to update PAN, bank details, and contact information.
- TDS rates vary for resident individuals and non-individuals.
- Specific documentation required for tax exemption claims.
- Dividend payment is subject to AGM approval and record date.
Price Impact
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