
Dividend6 May 2026, 07:31 pm
Navin Fluorine: Dividend Tax Deduction Intimation
AI Summary
Navin Fluorine International Ltd. has announced an intimation to shareholders regarding tax deduction on dividend as per the Finance Act, 2020. The company's board has recommended a final dividend of ₹ 8.60 per equity share for FY26, subject to shareholder approval at the AGM. Dividend income is taxable in the hands of shareholders, and the company is required to deduct tax at source (TDS) at the time of payment. The TDS rate varies based on the shareholder's residential status and submitted documents. The final dividend will be paid to shareholders after determining eligibility based on the record date of June 12, 2026, with payment on or after August 13, 2026.
Key Highlights
- Navin Fluorine announced tax deduction on dividend as per Finance Act, 2020.
- Final dividend of ₹ 8.60 per share recommended for FY26, pending shareholder approval.
- Dividend income is taxable; TDS will be deducted at source.
- Record date for dividend eligibility is June 12, 2026; payment on/after August 13, 2026.
Price Impact
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