Yuken India Ltd: TDS on Dividend Communication to Shareholders
Yuken India Ltd has issued a communication to its shareholders regarding Tax Deducted at Source (TDS) on dividend. The company recommended a dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. Shareholders are informed that TDS will be deducted at prescribed rates, varying based on residential status and submitted documentation. For resident shareholders, the rate is 10% if PAN is registered and valid, and 20% if PAN is not registered or invalid. Declarations in Form 15G/15H can be submitted for NIL tax if conditions are met. Lower/NIL withholding tax rates apply for specific entities like LIC, GIC, Mutual Funds, and AIFs upon submission of relevant documentary evidence. Notably, tax will not be deducted if the total dividend paid to a resident individual shareholder in FY 2026-27 does not exceed ₹10,000.
Key Highlights
- Yuken India recommends ₹1.50 dividend per share for FY26.
- TDS on dividend will be deducted at 10% or 20% for resident shareholders.
- Specific documentation required for lower/nil TDS rates.
- Dividend payment subject to shareholder approval at AGM.
- Tax exemption for resident individuals if dividend is ₹10,000 or less.
Price Impact
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