Uno Minda Limited has announced a final dividend of Rs. 1.75 per equity share for the financial year ended 31 March, 2026. Shareholders must note the record date of 29 May, 2026 to be eligible. The company has also outlined mandatory requirements for Tax Deduction at Source (TDS) based on residential status. All necessary declarations and documentation must be submitted by shareholders no later than 10 June, 2026.
Dividend Payment Details
Following the Board of Directors meeting held on 16 May, 2026, the company has recommended a final dividend of Rs. 1.75 per equity share, representing 87.50% of the face value of Rs. 2 per share. This payment is subject to approval by shareholders at the upcoming Annual General Meeting. The dividend will be paid to members whose names appear on the company’s records as of the record date, Friday, 29 May, 2026.
Tax Deduction Requirements
Under current income tax regulations, dividend income is taxable in the hands of shareholders. The company is required to deduct tax at source (TDS) before payment. For resident individual shareholders, the TDS rate is 10%, provided a valid Permanent Account Number (PAN) is linked with the depository or Registrar and Transfer Agent (RTA). In the absence of a valid PAN, the tax rate will be increased to 20%.
Action Required for Shareholders
To ensure the correct application of tax rates, shareholders are required to submit all necessary forms, declarations, and documents—including Form No. 121 for tax-exempt status or relevant tax residency documents for non-residents—by the deadline of 10 June, 2026. Documents can be uploaded via the official digital portal. Failure to provide complete documentation by the specified date will result in a default tax deduction rate of 20%, plus any applicable surcharges and cess.
Mandatory Compliance for Physical Shareholders
Shareholders holding physical share certificates are reminded of the necessity to maintain updated records. It is mandatory to furnish PAN, nomination details, contact information, and bank account details. Dividend payments for physical folios will be processed exclusively through electronic modes, and compliance with these administrative requirements is essential for uninterrupted dividend processing.
Source: BSE
