Dividend14 May 2026, 08:41 pm
Great Eastern Shipping: TDS on ₹11.70 Dividend
AI Summary
Great Eastern Shipping Company Ltd. announced the deduction of Income-tax at source (TDS) on the 4th interim dividend of ₹11.70 per equity share for the financial year 2025-26. The TDS rate will vary based on the shareholder's residential status and submitted documents. Resident individual shareholders with a valid PAN linked to Aadhar will face a 10% TDS, while those without a PAN or with an invalid PAN will face a 20% TDS plus surcharge and education cess. Certain resident non-individuals, such as insurance companies and mutual funds, may be exempt from TDS if they provide the necessary documents by May 20, 2026.
Key Highlights
- Great Eastern Shipping declares ₹11.70 per share interim dividend for FY26.
- TDS will be deducted as per the Income-tax Act, 2025.
- TDS rate is 10% for resident individuals with valid PAN and Aadhar.
- TDS rate is 20% for those without PAN or with invalid PAN.
- Exemptions available for certain resident non-individuals with valid documents.
Price Impact
More from GESHIP