NBCC announced details regarding Tax Deduction at Source (TDS) applicable to its 3rd interim dividend for the Financial Year 2025-26. Following the Board Meeting on February 18, 2026, the company set February 25, 2026, as the record date. Shareholders must submit necessary exemption documents by February 26, 2026, to avoid TDS as dividends are taxable under the Income Tax Act, 1961.
Interim Dividend and Record Date
This communication pertains to the 3rd interim dividend for the Financial Year 2025-26, declared by the Board of Directors of NBCC (India) Limited during their meeting on February 18, 2026. The company has formally fixed Wednesday, February 25, 2026, as the official record date to determine the eligibility of shareholders for receiving this interim dividend payment.
Mandatory Tax Deduction at Source (TDS)
All shareholders are hereby informed regarding the tax implications mandated by the Income Tax Act, 1961, as amended by the Finance Act, 2020. Specifically, any dividends paid or distributed on or after April 01, 2020, are considered taxable in the hands of the respective shareholders. Consequently, NBCC is legally required to deduct Tax at Source (TDS) at the time the dividend payment is made.
Action Required for TDS Exemption
Shareholders who wish to claim full or partial exemption from this TDS requirement must adhere to the prescribed procedures under the Income Tax Act, 1961. These shareholders are requested to submit all requisite supporting documents to the company via email. The designated email address for submission is [email protected]. The crucial deadline for submitting these exemption documents is Thursday, February 26, 2026.
Further Details
A comprehensive communication detailing the specific rules and procedures concerning TDS on Dividend for FY 2025-26 has been made publicly available. This detailed notice can be accessed on the official NBCC website under the announcements section: https://www.nbccindia.in/webEnglish/announcementNotices.
Source: BSE
