The Board of Directors of Uno Minda is scheduled to meet on February 5, 2026, to consider recommending the payment of an interim dividend to shareholders. The dividend consideration pertains to the financial year ending March 31, 2026. Furthermore, the company has communicated to shareholders regarding the submission of tax declarations and KYC updates. The company has also made available information regarding tax deductions at source for resident and non-resident shareholders.
Interim Dividend Consideration
Uno Minda’s Board of Directors will convene on February 5, 2026, to consider recommending an interim dividend for the financial year ending March 31, 2026. The dividend will be paid to shareholders whose names appear on the record date, which will be decided in the upcoming meeting.
Shareholder Communication
Uno Minda has communicated with its shareholders regarding the submission of tax declarations and KYC updates. This communication was sent via email to shareholders who have registered their email IDs with the company.
Tax Deduction at Source (TDS)
As per the Income-tax Act, 1961, dividends paid or distributed after April 1, 2020, are taxable in the hands of the shareholders, and the company is required to deduct tax at source (TDS). The TDS rate varies depending on the residential status of the shareholder and the documents submitted.
TDS for Resident Shareholders
For resident individual shareholders receiving over Rs. 10,000 in dividends, TDS is applicable at 10%, provided a valid PAN is updated. Otherwise, the TDS rate is 20%. TDS applies to non-individual resident shareholders without a threshold. The deduction rate is 10% with a valid PAN, or 20% otherwise. No TDS will be deducted if shareholders provide Form 15G or 15H, provided the eligibility conditions are met.
TDS for Non-Resident Shareholders
TDS is deducted at 20% (plus applicable surcharge and cess) on dividends paid to Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs). For all non-resident shareholders, the withholding tax rate is 20% (plus applicable surcharge and cess). Tax treaty benefits may apply if the shareholder is eligible. Various documents, including a Tax Residency Certificate and Form 10F, must be submitted to avail treaty benefits.
Important Dates and Actions
Resident Non-Individual Members and Non-Resident Non-Individual Members must submit relevant forms, declarations, and documents through their respective custodians by February 11, 2026. Shareholders are requested to update their Bank Account and KYC details by February 11, 2026.
Source: BSE
