BSECompany Update1d ago · 4 Sept 2026, 04:19 pm

Please find enclosed the specimen of Email communication sent to the shareholders whose email address are registered, relating to dedcution of applicable tax at source form the dividend ....

Continental Securities Ltd · 538868

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Continental Securities Ltd has announced the specimen of email communication sent to shareholders regarding the deduction of applicable tax at source from the dividend to be paid during the financial year 2026-27.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Continental Securities Ltd - 538868 - Communication To Shareholders - Intimation Of Tax Deduction On Dividend

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CONTINENTAL SECURITIES LTD. DGM - Corporate Relations BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Mumbai-400001 Scrip Code: 538868 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Re: Communication to Shareholders - Intimation of Tax Deduction on Dividend Please find enclosed a specimen of the e-mail communication sent to the all the shareholders whose email addresses are registered with their Depository Participants/ Registrar and Share Transfer Agent, intimating about the applicable provisions of the Income Tax Act, 2025, relating to the deduction of applicable tax at source from dividend to be paid to shareholders by the Company during the financial year 2026-27 and the procedure to be followed by the shareholders for submission of relevant forms, documents, etc. The above referred communication is also available on the website of the Company at https://www.continentalsecuritiesltd.com/dividend . This is for your information and records. For Continental Securities Limited PRAVITA it KHAN DE ;::\QNDELWAL 2026.09.03 Pravita Khandelwal LWAL 18:04:27 +05'30" Company Secretary and compliance officer Date: 02-09-2026 Encl.: As above CONTINENTAL SECURITIES LIMITED CONTINENTAL CIN-L67120RJ1990PLC005371 SECURITIES LTD. Regd.Office-301,Metro Plaza,Gopalbari,Jaipur,Raj., 302001 Ph.No. 0141-4586384, Website:-www.continentalsecuritiesitd.com E-mail:-continentalsecuritieslimited@gmail.com CONTINENTAL SECURITIES LIMTIED - COMMUNICATION TO THE SHAREHOLDERS REGARDING DEDUCTION OF TAX AT SOURCE ON DIVIDEND We are pleased to inform you that the Board of Directors of Continental Securities Limited (“the Company”), at its meeting held on Friday, May 08, 2026, has recommended a final dividend of Re. 0.05 per equity share of Rs. 2/- each, for the Financial Year ended March 31, 2026, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting (‘AGM”). As you are aware, pursuant to implementation of Income-tax Act, 2025 (‘the Act’) and the rules framed thereunder with effect from 01 April 2026, dividend paid or distributed by a company shall be taxable at the hands of the shareholders. Accordingly, the Company is required to deduct tax at source at the time of making payment of dividend, if declared at the AGM of the Company. This communication provides a brief overview of the applicable provisions of the Act relating to Tax Deduction at Source (‘'TDS’) on dividend for Resident and Non-Resident shareholder categories. SECTION A: TDS PROVISIONS AND DOCUMENTS REQUIRED, AS APPLICABLE, FOR RELEVANT CATEGORY OF SHAREHOLDERS I. For Resident Shareholders: Tax is required to be deducted at source under Section 393(1) [Table: S.No.7] read with section 393(4) [Table Sr. no. 10] of the Act at 10% on the amount of dividend where shareholder(s) have registered their valid Permanent Account Number ('PAN’). In case, shareholder(s) do not have PAN / have not registered their valid PAN details with Depositories/ Registrar and Transfer Agent (‘RTA’) of the Company, TDS at the rate of 20% shall be deducted under Section 397(2) of the Act. a. Resident individuals: No tax shall be deducted on the dividend payable to resident individuals if: « Total dividend to be received by them from the Company during Tax Year (‘'TY’) 2026-27 does not exceed Rs. 10,000/-. * The shareholder provides Form 121, provided that all the required eligibility conditions are met. Please note that all fields are mandatory to be filled up and duly signed. The Company may at its sole discretion reject the Form if it does not fulfil the requirement of law. Format of Form 121 is enclosed herewith as Annexure 1. « Exemption certificate, if any, issued by the Income-tax Department. Note: Please note that linking of PAN and Aadhaar is mandatory. Accordingly, the shareholders are requested to link their PAN with Aadhaar on the income-tax website. In case the PAN is not linked with Aadhaar, then the PAN is liable to be treated as inoperative, and TDS would be deducted at higher rate prescribed in Section 397(2). b. Resident non-individuals: No tax shall be deducted on the dividend payable to the following resident non-individuals where they provide details and documents as per the format attached in Annexure 2. + Insurance Companies: Self declaration that it qualifies as 'Insurer' as per section 2(7A) of the Insurance Act, 1938 and has full beneficial interest with respect to the ordinary shares owned by it along with self-attested copy of PAN card and certificate of registration with Insurance Regulatory and Development Authority (IRDA) LIC/ GIC. CONTINENTAL SECURITIES LIMITED CONTINENTAL CIN-L67120RJ1990PLC005371 SECURITIES LTD. Regd.Office-301,Metro Plaza,Gopalbari,Jaipur,Raj., 302001 Ph.No. 0141-4586384, Website:-www.continentalsecuritiesitd.com E-mail:-continentalsecuritieslimited@gmail.com + Mutual Funds: Self-declaration that it is registered with SEBI and is notified under Schedule VII [Table: SI. No. 20 or 21] to section 11 of the Act along with self-attested copy of PAN card and certificate of registration with SEBI. + Alternative Investment Fund (AIF): Self-declaration that its income is exempt under Schedule V [Table: SI. No. 1] to Section 11 of the Act and they are registered with SEBI as Category | or Category Il AIF along with self-attested copy of the PAN card and certificate of AIF registration with SEBI. + New Pension System (NPS) Trust: Self-declaration that it qualifies as NPS trust and income is eligible for exemption under Schedule VII [Table: SI. No. 41] to Section 11 of the Act and being regulated by the provisions of the Indian Trusts Act, 1882 along with self-attested copy of the PAN card. + Recognized provident fund / Approved superannuation fund / Approved gratuity fund: Self-declaration that its income is eligible for exemption under Schedule VIl [Table: SI. No. 22,23 and 24] to Section 11 of the Act along with self-attested copy of PAN card. + Other non-individual shareholders: Self-attested copy of documentary evidence supporting the exemption along with self-attested copy of PAN card. c. In case shareholders (individuals or non-individuals) provide certificate under Section 395(1) of the Act, for lower/ NIL withholding of taxes, the rate specified in such certificate shall be considered, on submission of self-attested copy of the certificate. Il. For Non-Resident Shareholders: a. Taxes are required to be withheld in accordance with the provisions of Sections 393(2) [Table SI. No 17] read with section 207(1) [Table SI. No. 1] of the Act as per the rates in force. As per the relevant provisions of the Act, the withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable to them. In case, non-resident shareholders provide a certificate issued under Section 395(1) of the Act for lower/ Nil withholding of taxes, the rate specified in such certificate shall be considered based on submission of self-attested copy of the certificate. b. Further, as per Section 159 of the Act, the non-resident shareholder has the option to be governed by the provisions of the Double Taxation Avoidance Agreement between India and the country of tax residence of the shareholder (‘Tax Treaty’), if they are more beneficial to them. To avail such Tax Treaty benefits, the non-resident shareholders will have to provide the following: + Self-attested copy of the PAN Card allotted by the Indian Income Tax authorities. If PAN is not available, the non- resident shareholder shall furnish name, email address, contact number, tax identification number allotted in the country of residence and address in country of residence (format attached herewith as Annexure 3). « Self-attested copy of Tax Residency Certificate (TRC’) (of calendar year 2026 or TY 2026-27 or later) obtained from the tax authorities of the country of which the shareholder is resident. + Form 41 in electronic format [Showing first 8,000 characters — download PDF for full document]