Happiest Minds Technologies Limited announced an interim dividend of Rs.3.05 per equity share for the financial year 2026-27. The record date for this dividend has been set as November 06, 2026, with payments commencing on or after November 17, 2026. The company has also provided detailed information on the deduction of tax at source (TDS) for the dividend, outlining the process and applicable rates for shareholders.
Happiest Minds Announces Interim Dividend
The Board of Directors of Happiest Minds Technologies Limited, in a meeting held on November 02, 2026, has approved the declaration of an interim dividend for the financial year 2026-27. Shareholders will receive Rs.3.05 per equity share, with a face value of Rs. 2/- per share.
Key Dates and Payment Information
The record date for determining the eligibility of shareholders for this interim dividend is fixed as November 06, 2026. The dividend payout is scheduled to commence on or after November 17, 2026. Entitlement to the dividend will be based on the names appearing in the Company’s Register of Members or in the records of Depositories as beneficial owners as of the specified record date.
Communication on Tax Deduction at Source (TDS)
In accordance with the Income Tax Act, 2025, dividend income is subject to taxation in the hands of shareholders, necessitating tax deduction at source (TDS) by the Company. A comprehensive note detailing the TDS process, applicable rates, and required documentation for nil or lower tax rate scenarios has been made available on the company’s website. Shareholders are encouraged to review this note at Happiest-Minds-Note-on-TDS.pdf.
Shareholders who are resident individuals with valid PAN details updated and whose total dividend amount does not exceed Rs 10,000/- are generally exempt from TDS. However, members falling outside this category, or those who have not updated their details, must submit the necessary forms and declarations to the Company’s Registrars & Transfer Agents, KFin Technologies Limited, via this link. The deadline for submission is November 09, 2026, at 5:00 p.m. (IST). Failure to provide the required information by this deadline may result in TDS being deducted at the highest prescribed rate, with no recourse against the Company for such deductions.
Bank Account Details Update
Members are also reminded to update their bank account details with their respective Depository Participants to ensure the smooth and direct credit of dividend payments into their bank accounts.
Disclaimer: The information provided is for general informational purposes only and does not constitute legal or tax advice. Investors are advised to consult their own tax consultants for advice specific to their circumstances.
Source: BSE
