Linc Ltd Announces Dividend Payout with TDS Implications

Linc Ltd has communicated details regarding the deduction of tax at source (TDS) on dividends, as per the Income Tax Act, 2025, amended by the Finance Act, 2026. The Board recommended a dividend of ₹1.50 per equity share for FY26. The company will deduct TDS at prescribed rates if approved at the AGM. SEBI mandates electronic dividend payments for physical shareholding, requiring updated KYC details like PAN and bank information. For resident members, TDS is NIL for dividends up to ₹10,000. For amounts exceeding ₹10,000, a 10% TDS applies if PAN is updated, and 20% if PAN is not provided or invalid. Lower/NIL withholding tax certificates can be submitted for reduced rates. Members holding shares in demat form should update bank details with their depository participants.