Lux Industries Limited has issued a detailed communication to its shareholders regarding the Tax Deduction at Source (TDS) on the final dividend for the Financial Year 2025-26. The company emphasizes the applicability of the Income Tax Act, 2025, stating that all dividends paid will be subject to TDS. Shareholders are urged to update their details to ensure correct tax deduction and timely dividend credit, with specific instructions provided for resident and non-resident shareholders.
Shareholder Dividend Tax Information Released
Lux Industries Limited has officially informed its shareholders about the tax implications, specifically Tax Deduction at Source (TDS), concerning the final dividend recommended for the Financial Year 2025-26. This communication, dated August 24, 2026, addresses the requirements under the Income Tax Act, 2025.
Key Dates and Dividend Policy
The recommended final dividend of Rs. 2.00 per Equity Share is subject to approval at the 31st Annual General Meeting (AGM) scheduled for September 25, 2026. The record date for determining eligible shareholders is set for September 18, 2026. All dividend payments will adhere to the provisions of the Income-tax Act, 2025, requiring applicable TDS to be deducted.
Shareholder Actions Required for Tax Compliance
Shareholders are strongly advised to ensure their details, including PAN, KYC, and bank account information, are updated with the Depository Participant or Registrar by September 18, 2026. Failure to provide accurate and updated information, particularly a valid PAN, could result in TDS being deducted at a higher rate of 20%. The company also detailed specific documentation and procedures for both resident and non-resident shareholders to avail any applicable lower tax rates or treaty benefits.
Information Submission and Deadlines
All required documents for tax determination and deduction must be submitted by September 18, 2026. Submissions can be made via the portal https://ris.kfintech.com/form15/ or emailed to [email protected]. The company will not entertain submissions made after this deadline.
Important Notes for Shareholders
Shareholders are reminded that the application of TDS rates is contingent upon due diligence and verification of provided details. In cases of incomplete or incorrect information, the company reserves the right to deduct tax at the highest applicable rates. Shareholders are encouraged to consult their own tax advisors for personalized advice regarding their tax obligations. The company also noted that for non-resident shareholders, the tax rate will be determined based on the higher of the applicable rates under the Act or the relevant tax treaty, subject to submission of required documentation.
Source: BSE
