Rashi Peripherals Recommends ₹2 Dividend, Outlines TDS Process
Rashi Peripherals Ltd has announced its Board of Directors has recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the AGM on September 9, 2026. The company has issued a communication to shareholders detailing the Tax Deduction at Source (TDS) process applicable from April 1, 2026, as per the Income-tax Act, 2025. The TDS rate varies based on shareholder residency and submitted documentation. For resident individual shareholders, no tax will be deducted if the total dividend does not exceed ₹10,000 during Tax Year 2026-27. Specific procedures and required documents for different shareholder categories, including those eligible for nil or lower TDS, are outlined.
Key Highlights
- Rashi Peripherals recommends a final dividend of ₹2 per equity share.
- Dividend payout is subject to shareholder approval at the upcoming AGM.
- Company details TDS procedures for dividend income as per Income-tax Act.
- TDS rates vary based on shareholder residency and documentation provided.
- Nil TDS applicable for resident individuals if dividend is ₹10,000 or less.
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