Pilani Investment Recommends 90% Dividend, Details TDS Rules

Pilani Investment and Industries Corporation Ltd announced that its Board of Directors has recommended a dividend of 90% (Rs. 9 per equity share) for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming AGM. The company also issued a communication to shareholders regarding the deduction of tax at source (TDS) on dividend payments, as per the Income Tax Act, 2025. The TDS rates vary based on the shareholder's residential status and PAN details, with specific provisions for resident individuals, non-individuals, and non-resident shareholders. The company will withhold taxes at the prescribed rates upon dividend approval.