Dividend17 Jul 2026, 06:20 pm
Veedol Corp: ₹22 Dividend Proposed, TDS Rules Detailed
AI Summary
Veedol Corporation Ltd has communicated to its shareholders regarding the withholding tax (TDS) applicable on the final dividend for FY 2025-26. The Board has recommended a dividend of ₹22.00 per equity share, subject to shareholder approval at the AGM on August 24, 2026. The record date for dividend payment is July 17, 2026. The communication outlines TDS rates for resident shareholders (10% with PAN, 20% without valid PAN or inoperative PAN), with an exemption for dividends up to ₹10,000. It also details the process for submitting Form 121 for tax exemption and requirements for resident non-individuals. Dividend payments will be made electronically.
Key Highlights
- Veedol Corp proposed ₹22 per share dividend for FY 2025-26.
- Record date for dividend payment is July 17, 2026.
- TDS of 10% applicable for resident shareholders with valid PAN.
- TDS rate increases to 20% for non-compliance or invalid PAN.
- Dividend payments will be made electronically.
Price Impact
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