Sri Lotus Developers Declares 50% (₹0.50) Final Dividend
Sri Lotus Developers and Realty Ltd's Board of Directors, at its meeting on May 12, 2026, recommended a final dividend of 50% (₹0.50 per equity share of face value ₹1/-) for the financial year 2025-26. The company has issued an intimation to shareholders regarding the applicability of Tax Deducted at Source (TDS) on this final dividend. For resident shareholders, TDS will be 10% if PAN is valid and linked to Aadhar, with exemptions for dividends below ₹10,000 or submission of Form 121. A 20% TDS applies if PAN is invalid or unlinked. Non-resident shareholders will have tax deducted as per the Income-tax Act, 2025, but can avail Double Tax Avoidance Agreement (DTAA) benefits by submitting required documents, including Tax Residency Certificates and Form 41, by October 4, 2026. The company is not obligated to apply beneficial DTAA rates without complete documentation.
Key Highlights
- Board declared 50% (₹0.50) final dividend for FY25-26.
- 10% TDS applies to resident shareholders with valid PAN.
- Exemptions for resident TDS include dividends under ₹10,000.
- Non-residents can claim DTAA benefits by submitting documents.
- 20% TDS for residents with invalid or unlinked PAN.
Price Impact
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