Route Mobile Limited has issued a communication to its shareholders regarding the tax deduction at source (TDS) on its Final Dividend for the Financial Year 2025-26. The dividend, declared at ₹2 per equity share, requires shareholders to be aware of TDS provisions, especially regarding PAN details and tax residency status. Shareholders are advised to submit necessary declarations to ensure correct tax deduction rates and avoid higher TDS rates.
Route Mobile Informs Shareholders on Dividend Tax Deductions
Route Mobile Limited has formally communicated with its shareholders regarding the tax implications associated with its Final Dividend for the Financial Year 2025-26. This follows the Board of Directors’ recommendation of a dividend of ₹2 per equity share. The company is informing shareholders about the mandatory process of withholding tax at source on these dividend payments, as per the revised Income-tax Act provisions.
Key Tax Information for Shareholders
Shareholders are reminded that dividend payments are now taxable, and Route Mobile is required to deduct tax at source (TDS) at applicable rates. For resident individual shareholders whose aggregate dividend income is less than ₹10,000 per annum, no withholding tax is applicable if they provide a valid Permanent Account Number (PAN). However, for amounts exceeding this threshold or in cases of incomplete documentation, TDS will be deducted. A higher rate of 20% will be applied if a valid PAN is not provided or if the PAN is not linked with Aadhaar.
Required Documentation and Deadlines
The company has provided detailed information on the required documents and their submission deadlines to ensure correct TDS rates are applied. This includes submitting a valid PAN, and for non-resident shareholders, additional documentation such as a Tax Residency Certificate (TRC) and self-declarations to avail beneficial treaty rates. All necessary forms and documents must be submitted by August 18, 2026, by 5:00 PM (IST). Failure to provide complete and timely documentation may result in the higher TDS rate being applied, with shareholders needing to claim any refund through their income tax returns.
Communication Channels and Support
This comprehensive communication, including the necessary declarations and documents, has been sent to all registered shareholders via email. A copy of the communication is also available on the company’s website. Shareholders holding shares in physical mode are particularly urged to update their KYC details, including PAN, with the company’s Registrar and Share Transfer Agents, KFin Technologies Limited. For any further clarifications, shareholders can reach out to the provided email addresses.
Source: BSE
