Lumax Industries: Intimation on Dividend Tax Deduction for FY 2025-26
Lumax Industries Ltd has issued an intimation regarding the deduction of tax at source (TDS) on dividends for the Financial Year 2025-26. The company's Board has recommended a final dividend of ₹55 per equity share, subject to shareholder approval at the AGM on August 26, 2026. The record date for determining eligible shareholders is August 06, 2026. The communication details the taxability of dividends and the withholding tax rates applicable based on shareholder residency and status, including specific thresholds for resident individuals (₹10,000 for FY 2026-27) and requirements for PAN and other declarations. Shareholders are advised to submit necessary documents by August 03, 2026, to comply with TDS provisions.
Key Highlights
- Board recommends final dividend of ₹55 per equity share for FY 2025-26.
- Record date for dividend eligibility is August 06, 2026.
- TDS applicable on dividends; rates vary by residency and status.
- Resident individuals exempt if FY 2026-27 dividend is ₹10,000 or less.
- Shareholders must submit required documents by August 03, 2026.
Price Impact
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