StockWatch
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Financial Technology (Fintech)
Dividend13 Aug 2026, 05:41 pm

Seshaasai Technologies Recommends ₹2.5 Dividend, Outlines Tax Rules

AI Summary

Seshaasai Technologies Ltd has announced its Board of Directors has recommended a final dividend of ₹2.5 per equity share for the Financial Year ended March 31, 2026. This dividend, if approved at the AGM on September 16, 2026, will be paid to shareholders of record on August 18, 2026. The company has also issued a communication to shareholders detailing the tax implications of dividend income under the Income Tax Act, 2025, including TDS provisions and the requirement for PAN and Aadhaar linkage. Shareholders are urged to update their details by the record date to ensure correct TDS application.

Key Highlights

  • Board recommends final dividend of ₹2.5 per share for FY26.
  • Dividend subject to shareholder approval at AGM on September 16, 2026.
  • Record date for dividend eligibility is August 18, 2026.
  • Shareholders must update PAN, Aadhaar, and residential status for TDS.
  • Failure to provide PAN may result in 20% TDS deduction.