Dividend29 May 2026, 01:09 pm
Zensar Tech: ₹12.60 Dividend Declared for FY26
AI Summary
Zensar Technologies Ltd announced that its Board of Directors recommended a final dividend of ₹12.60 per share (630% of face value ₹2) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The company will deduct tax at source (TDS) from dividend payments as per the Indian Income Tax Act, 2025, with rates varying based on shareholder residency and submitted documentation. Resident shareholders with dividend income exceeding ₹10,000 will face a 10% TDS unless exempt, and a higher rate of 20% if their PAN is invalid/inoperative. Shareholders can submit Form 121 to claim tax exemption on dividend income by June 26, 2026.
Key Highlights
- Zensar Tech declares a final dividend of ₹12.60 per share for FY26, pending shareholder approval.
- TDS will be deducted from dividend payments as per the Income Tax Act, 2025.
- Resident shareholders face 10% TDS on dividends exceeding ₹10,000 unless exempt.
- Invalid PAN leads to a higher TDS rate of 20% for resident shareholders.
- Shareholders can submit Form 121 by June 26, 2026, for tax exemption on dividend income.
Price Impact
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