Dividend16 Jul 2026, 04:50 pm
Veedol Corp Recommends ₹22 Dividend for FY26; TDS Rules Detailed
AI Summary
Veedol Corporation Ltd has announced its Board of Directors has recommended a final dividend of ₹22.00 per equity share for the financial year 2025-26. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for August 24, 2026. The dividend, if approved, will be paid electronically to shareholders of record on July 17, 2026. The company also provided detailed information regarding Tax Deducted at Source (TDS) applicable on the dividend, outlining rates and conditions for resident and non-resident shareholders, including requirements for PAN and Form 121 submission to avoid higher TDS rates.
Key Highlights
- Board recommends ₹22 per share dividend for FY25-26.
- Dividend subject to shareholder approval at AGM on August 24, 2026.
- Record date for dividend payment is July 17, 2026.
- Detailed TDS regulations and forms (e.g., Form 121) are provided.
- Shareholders must update KYC details to avoid dividend withholding.
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