Route Mobile Limited has provided shareholders with necessary details regarding the Tax Deducted at Source (TDS) applicable to the Third Interim Dividend of ₹3 per equity share for FY 2025-26. The communication outlines the specific TDS rates, required compliance documents (like PAN, Form 15G/15H), and deadlines for both Resident and Non-Resident shareholders to ensure correct tax withholding. Shareholders are urged to update their KYC and PAN details promptly.
Intimation on Interim Dividend Tax Deduction
Route Mobile Limited has issued a crucial communication to its shareholders following the declaration of the Third Interim Dividend of ₹3 per equity share (Face Value ₹10) for the Financial Year 2025-26. This notice informs stakeholders about the process concerning the withholding tax (TDS) applicable to this dividend payout, which is expected to be credited on or before Friday, March 13, 2026.
TDS Provisions for Resident Shareholders
For shareholders who are residents of India, the applicable TDS rate varies based on the completeness of documentation:
- If a Valid PAN is updated in the Register of Members, the TDS rate is 10%.
- If the PAN is not updated or linked with Aadhaar, the rate increases to 20%.
- Shareholders meeting specific criteria (e.g., those below 60 years submitting Form 15G or those 60+ submitting Form 15H) may qualify for a Nil rate, provided the required declaration is submitted.
Note: Tax will not be deducted if the total dividend paid to a resident individual shareholder for FY 2025-26 does not exceed ₹10,000.
TDS Requirements for Non-Resident Shareholders
Non-Resident Shareholders (including FPI/FII) are subject to TDS according to the Act or applicable tax treaty rate, whichever is more beneficial:
- The standard rate is 20% plus applicable surcharge and cess.
- To avail of a beneficial treaty rate, shareholders must provide mandatory documents, including a Tax Residency Certificate (TRC) for FY 2025-26, a self-certified PAN (if any), and Form 10F in electronic format.
Crucial Note: The application of any beneficial DTAA rate is contingent upon the complete submission and review of all required documents by the Company.
Action Required: Document Submission Deadlines
Shareholders are requested to submit all necessary tax-related documents, such as Forms 15G/15H or supporting documents for lower/nil TDS claims, via the designated portal no later than 5:00 PM (IST) on Friday, February 13, 2026, to ensure the Company can determine the correct TDS rate.
Updates for Physical Shareholders
Shareholders holding securities in physical mode must update their KYC details (PAN, Nomination, Bank Details) using Forms ISR-1, ISR-2, ISR-3, or SH-13, as payments for non-compliant folios will be restricted to electronic mode only effective from April 01, 2024.
This communication is also available on the Company website for reference.
Source: BSE
