Dividend10 Jul 2026, 03:54 pm
Maruti Suzuki Recommends ₹140 Dividend; Details TDS Provisions
AI Summary
Maruti Suzuki India Ltd has announced its Board of Directors has recommended a final dividend of ₹140 per equity share for the financial year ended March 31, 2026. The dividend will be paid to shareholders of record on August 7, 2026, if declared at the upcoming AGM. The company has also provided detailed communication regarding Tax Deducted at Source (TDS) on dividends, outlining provisions for resident members, including thresholds for non-deduction, applicable rates for different PAN statuses, and documentation required for lower/nil TDS certificates.
Key Highlights
- Board recommends final dividend of ₹140 per equity share.
- Record date for dividend payment set as August 7, 2026.
- Detailed TDS provisions for resident shareholders are outlined.
- PAN status and documentation are crucial for TDS applicability.
- Lower/nil TDS certificates require specific submission procedures.
Price Impact
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