NSEUpdates23 Jun 2026 · 23 Jun 2026, 04:20 pm
Updates
Greaves Cotton Limited · GREAVESCOT
✦ AI SummaryDividend
Greaves Cotton Limited announced details regarding the deduction of tax at source (TDS) on the dividend of Rs. 2 per equity share for FY26, which was recommended by the Board on May 6, 2026. The dividend, if approved at the AGM on August 4, 2026, will be paid to shareholders on record as of July 28, 2026. The company communicated the applicable TDS rates for resident shareholders (10% with valid PAN, 20% without), conditions for exemption, and the new Form 121 for tax declarations for the Tax Year 2026-27.
Analysis Scores
Earnings Impact5/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact5/10
Market Sentiment5/10
Full Announcement
In terms of the provisions of the Income-tax Act, 2025 ("the Act"), dividend paid or distributed by a Company on or after 01st April, 2020 is taxable in the hands of its shareholders. Accordingly, the Company is required to deduct tax at source, at the prescribed rates, on the dividend paid to its shareholders. In this regard, please find enclosed herewith an e-mail communication which has been sent to all the shareholders of the Company whose e-mail IDs are registered with the Company / Depositories explaining the process on withholding tax from dividends at prescribed rates. This communication is also being made available on the website of the Company at https://www.greavescotton.com/investors/corporate-announcements.