360 ONE WAM LIMITED has declared a first interim dividend of Rs. 6 per equity share for the financial year 2026-27. Shareholders are advised to ensure their bank details and tax documents are updated with their respective depositories or the Registrar and Transfer Agent by April 27, 2026. Tax withholding rates vary based on residency status and document submission, with specific guidelines provided for both resident and non-resident shareholders.
Dividend Details
Following the Board of Directors meeting held on April 21, 2026, 360 ONE WAM LIMITED has announced a first interim dividend payout of Rs. 6 per equity share. The face value of each share is Re. 1. To ensure seamless electronic payment, shareholders must update their bank account details with their Depository Participant or the Registrar and Transfer Agent (MUFG Intime India Private Limited) no later than the Record Date of Monday, April 27, 2026.
Tax Withholding Requirements
The company will withhold tax at source in accordance with the Income-tax Act, 2025. For resident shareholders, no tax is deducted if the total dividend for the financial year does not exceed Rs. 10,000. For payouts exceeding this threshold, the withholding rate is generally 10%, provided a valid PAN is linked to Aadhaar. Failure to provide a valid PAN or link it with Aadhaar will result in a higher tax deduction rate of 20%.
Guidelines for Non-Resident Shareholders
Non-resident shareholders, including FIIs and FPIs, are subject to a withholding rate of 20% (plus applicable surcharge and cess) or the applicable Tax Treaty rate, whichever is lower. To avail of beneficial treaty rates, shareholders must submit required documentation, including a valid Tax Residency Certificate (TRC) and Form 41, via the designated portal by the April 27, 2026 deadline.
Submission and Compliance
Shareholders are urged to complete all necessary declarations and document uploads through the official MUFG Intime India Private Limited portal. Documents submitted after the deadline will not be accepted for the purpose of determining the appropriate tax rate for this dividend payout. Investors who have tax deducted at a higher rate due to incomplete documentation may still be eligible to claim a refund when filing their annual income tax returns.
Source: BSE
