Senco Gold Limited has declared a Final Dividend of Re. 1/- per equity share (20%) for the financial year 2025-26. The company has provided detailed communication to its shareholders regarding the Tax Deduction at Source (TDS) process on this dividend. The announcement outlines the varying TDS rates based on shareholder status and required documentation, emphasizing the need for updated PAN and Aadhaar linkage.
Senco Gold Declares Final Dividend
The Board of Directors at Senco Gold Limited, in their meeting held on 26th May 2026, has approved the payment of a Final Dividend of Re. 1/- per equity share. This dividend represents 20% on the face value of Rs. 5/- per equity share for the financial year 2025-26. The Record Date for determining the eligibility of shareholders to receive this dividend has been fixed as Monday, 24th August 2026.
Tax Deduction at Source (TDS) Explained
In compliance with the Income Tax Act, 2025, Senco Gold Limited is required to deduct tax at source on the dividend payout. The applicable TDS rate is contingent upon the shareholder’s residential status and the submission of necessary documentation. The company has provided a comprehensive guide for shareholders, detailing the requirements and procedures for ensuring appropriate tax deduction.
Resident Shareholders
For resident individual shareholders, the TDS rate is NIL if the total dividend income in FY 2026-27 is up to Rs. 10,000. If the total dividend income exceeds Rs. 10,000, a TDS of 10% will be applicable if a valid PAN is provided. In cases where the PAN is not provided or is inoperative, the TDS rate will be 20%. Shareholders are urged to update their PAN details with depositories or the company’s registrar. Failure to link PAN with Aadhaar may render the PAN invalid and lead to higher TDS rates.
Resident shareholders also have the option to submit a duly signed Form 121 (equivalent to Form 15G/15H) for potential NIL TDS, provided they meet the prescribed eligibility criteria. This form requires the total expected dividend income for the financial year to be clearly stated.
Minor Shareholders
For minor shareholders with taxable income, tax deducted at source may be assessable in the hands of a parent or guardian. A declaration from the parent/guardian is required to ensure proper TDS credit.
Non-Resident Shareholders
Non-resident shareholders are subject to withholding tax as per the provisions of the Income Tax Act. The standard rate is 20% plus applicable surcharge and cess. However, non-residents can opt to be governed by the Double Tax Avoidance Agreement (DTAA) between India and their country of residence if it offers more beneficial rates. To avail DTAA benefits, non-residents must provide specific documents, including a Tax Residency Certificate (TRC), PAN details, and declarations regarding their eligibility for treaty benefits.
Submission of Documents
All required tax-related documents must be submitted to the company via email at [email protected] on or before 30th August 2026. Documents received after this cut-off date will be accepted at the sole discretion of the company. Shareholders are advised to ensure their bank account details and PAN are updated to facilitate timely dividend payments.
The company also clarified that dividend payments will be made exclusively through electronic modes, making it essential for shareholders to have their bank details duly updated.
Source: BSE
