Greaves Cotton Recommends ₹2 Dividend; Tax Deducted at Source Applies

Greaves Cotton Limited has announced its Board of Directors has recommended a dividend of ₹2 per equity share for the financial year ended March 31, 2026. This dividend, if approved at the AGM on August 4, 2026, will be subject to Tax Deducted at Source (TDS) as per the Income Tax Act, 2025. The TDS rate will vary based on the shareholder's residential status and PAN validity, with higher rates applicable for non-compliance. Resident individuals may be exempt if dividend income does not exceed ₹10,000 or if they submit Form 121. Other resident entities like insurance companies and mutual funds may also be exempt upon submission of required declarations.