Phoenix Mills Recommends ₹2.50 Dividend for FY26
The Phoenix Mills Ltd. announced that its Board of Directors has recommended a final dividend of ₹2.50 per equity share (125%) for the financial year ended March 31, 2026. This dividend, if declared at the upcoming 121st Annual General Meeting (AGM), will be paid to eligible shareholders within 30 days of its declaration. The company has also issued an intimation to shareholders regarding Tax Deduction at Source (TDS) or withholding tax on this dividend, as per the Income Tax Act, 2025. Shareholders are urged to update their PAN, residential status, and other details with their depository participants or the company's Registrar to an issue (RTA) to ensure smooth dividend payment and correct TDS application.
Key Highlights
- Board recommends final dividend of ₹2.50 per share for FY26.
- Dividend payment subject to declaration at the upcoming AGM.
- Shareholders must update PAN and KYC details for TDS compliance.
- TDS provisions apply based on shareholder category and residential status.
Price Impact
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