Happiest Minds has communicated to its shareholders regarding tax deduction on dividends, following the abolishment of Dividend Distribution Tax effective April 1, 2020. Dividend income is now taxable in the hands of the shareholders. A detailed note on Tax Deduction at Source (TDS) on dividend and the process for withholding tax has been provided to shareholders via email. Shareholders are advised to provide accurate PAN details.
Dividend Tax Implications
Following the Finance Act, 2020, Happiest Minds Technologies Limited informs shareholders about changes regarding tax implications on dividend income. Effective April 1, 2020, the Dividend Distribution Tax has been abolished, making dividend income taxable in the hands of the shareholders.
TDS on Dividend
A detailed note explaining the deduction of tax at source (TDS) on dividend has been provided at https://www.happiestminds.com/investors/disclosure/HappiestMinds_Note-on-TDS.pdf. This note explains the process for withholding tax from dividends paid to shareholders at prescribed rates.
Communication to Shareholders
An email communication was sent on October 29, 2025, to all shareholders with registered email IDs, providing a link to the detailed note on TDS.
Declaration of Interim Dividend for FY 2025-26
The Board of Directors has declared an interim dividend of Rs.2.75/- per equity share (face value Rs. 2/-) for the financial year 2025-26. The record date is November 04, 2025, and the dividend will be paid on or after November 17, 2025.
Important Notice Regarding TDS
Generally, no tax will be deducted from dividend payments to resident individual members with valid PAN details updated in their records if the total dividend amount payable during the Financial Year does not exceed Rs 10,000/-. Otherwise, members must submit the necessary documents for nil or lower tax rates through KFin Technologies Limited at http://ris.kfintech.com/form15/forms.aspx?q=0 on or before November 04, 2025, 5:00 p.m. (IST). No communication regarding tax determination will be entertained after this deadline.
Bank Account Details
Shareholders are requested to update their bank account details with their respective Depository Participant to facilitate direct dividend receipt.
Source: BSE
