International Conveyors Ltd: TDS on FY26 Dividend Explained

International Conveyors Ltd has issued a communication to its members regarding the deduction of tax at source (TDS) on dividends payable for FY 2025-26. The dividend, recommended at ₹0.50 per equity share, will be subject to TDS as per the Income Tax Act, 2025, as amended. The company will deduct tax at source at prescribed rates if the dividend is approved at the AGM on September 24, 2026. Shareholders are advised to update their KYC details, including PAN and bank information, with the company's Registrar and Transfer Agents to avoid dividend withholding. Specific TDS rates apply based on whether PAN is linked and updated, with rates ranging from 10% to 20%.