Dividend3 Aug 2026, 05:31 pm
Great Eastern Shipping Declares ₹14.40 Interim Dividend, Details TDS Rules
AI Summary
Great Eastern Shipping Company Ltd announced an interim dividend of ₹14.40 per equity share for FY 2026-27. The company has detailed the Tax Deduction at Source (TDS) provisions applicable to this dividend payment. For resident individual shareholders with a valid PAN linked to Aadhaar, TDS will be 10%. However, TDS is waived if the dividend is ₹10,000 or less, or if specific forms (Form No. 121) are submitted by eligible shareholders. Non-residents will be subject to applicable TDS rates as per the Income-tax Act or DTAA. Specific documentation is required from resident non-individuals like insurance companies and AIFs to claim exemptions.
Key Highlights
- Interim dividend of ₹14.40 per equity share declared for FY 2026-27.
- TDS rate for resident individuals with PAN is 10%.
- TDS exemptions available for dividends up to ₹10,000 or with Form 121.
- Non-residents subject to applicable TDS rates or DTAA provisions.
- Documentation required for exemptions for resident non-individuals.
Price Impact
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