Mangal Compusolution Recommends ₹0.50 Final Dividend; TDS Applicable
Mangal Compusolution Limited has announced its Board of Directors has recommended a final dividend of ₹0.50 (5%) per equity share for FY 2025-26, subject to shareholder approval at the upcoming AGM. The dividend payout is scheduled for on or before October 23, 2026. Shareholders are informed that dividend income is taxable, and the company is required to deduct Tax at Source (TDS) at applicable rates. Resident individuals with valid PAN will face a 10% TDS, while those without or with invalid PAN will be subject to 20% TDS. Exemptions apply for dividends not exceeding ₹10,000 or with valid Form 121 submission or an exemption certificate. Specific documentation is required from non-individual resident shareholders like insurance companies and mutual funds to avail nil TDS.
Key Highlights
- Recommended final dividend of ₹0.50 per share for FY 2025-26.
- Dividend payout expected on or before October 23, 2026.
- TDS of 10% or 20% applicable on dividend income for resident individuals.
- Shareholders must update bank details and submit tax documents by September 16, 2026.
- Specific documentation required for non-individual resident shareholders.
Price Impact
More from MANGALCOMP