Dividend12 May 2026, 03:49 pm
Nuvama Declares ₹14 Interim Dividend for FY 2026-27
AI Summary
Nuvama Wealth Management Ltd has declared an interim dividend of ₹14 per equity share of ₹2 each for the financial year 2026-27. The record date for determining shareholder eligibility is May 15, 2026. The company will deduct tax at source (TDS) from the dividend payments as per the Income-tax Act, 2025, with rates varying based on the shareholder's residential status and submitted documents. Resident shareholders may be exempt from TDS if the total dividend does not exceed ₹10,000 for the tax year 2026-27.
Key Highlights
- Nuvama announces ₹14 interim dividend per share for FY 2026-27.
- Record date for dividend eligibility is set for May 15, 2026.
- TDS will be deducted from dividend payments as per Income-tax Act, 2025.
- TDS rates vary based on residential status and documents submitted.
- Resident shareholders may be exempt if total dividend is under ₹10,000.
Price Impact
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