PPAP Automotive Recommends ₹1.5 Dividend; Tax Provisions Detailed
PPAP Automotive Ltd's Board of Directors has recommended a final dividend of ₹1.5 per equity share (15%) for FY 2025-26, subject to shareholder approval at the upcoming 31st AGM. The dividend will be paid within 30 days post-AGM. Shareholders are informed that dividend income is taxable in their hands as per the Income Tax Act, 2025. The company will deduct tax at source (TDS) at applicable rates, which vary based on residential status and shareholder category. Resident individual shareholders receiving up to ₹10,000 in FY 2026-27 will not have tax deducted. Specific TDS rates and required documentation for resident and non-resident shareholders are detailed, including a 20% TDS rate for PAN-Aadhaar non-linkage and for non-residents unless a lower DTAA rate applies. Shareholders are urged to submit necessary documents by September 12, 2026.
Key Highlights
- PPAP Automotive recommends ₹1.5 per share final dividend for FY 2025-26.
- Dividend payment is subject to shareholder approval at the 31st AGM.
- Dividend income is taxable; TDS will be deducted at applicable rates.
- Resident individuals exempt from TDS if dividend is ₹10,000 or less in FY 2026-27.
- Specific TDS rates and documentation requirements for resident/non-resident shareholders are outlined.
Price Impact
More from PPAP