Paras Defence to Deduct TDS on ₹1 Dividend for FY26

Paras Defence and Space Technologies Ltd has informed shareholders about the upcoming tax deduction at source (TDS) on dividends, effective April 1, 2026, as per the Income Tax Act, 2025. The company's board recommended a dividend of ₹1 per equity share (20%) for FY ended March 31, 2026. This dividend, subject to shareholder approval at the AGM on September 11, 2026, will be paid electronically. TDS rates will vary based on shareholder residency and submitted documentation. Resident individuals with total dividend income not exceeding ₹10,000 or those providing Form 121 (if applicable) may be exempt. Specific documentation is required for certain resident non-individual categories like Insurance Companies and Mutual Funds to claim nil tax deduction.