BSECompany Update24 Aug 2026 · 24 Aug 2026, 06:43 pm
Please find enclosed herewith the Communication sent to Shareholders today, i.e. 24.08.2026 w.r.t. deduction of tax at source on dividend.
Ashika Global Securities Ltd · 543766
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Ashika Global Securities Ltd has announced a communication to shareholders regarding the deduction of tax at source on dividend for the FY 2025-2026. The company will deduct tax at source from the dividend paid to shareholders at prescribed rates, if approved at the AGM. Shareholders are requested to update their KYC details with the company's registrar and transfer agents to avoid withholding of dividend.
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Ashika Global Securities Ltd - 543766 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Communication To Shareholders On Deduction Of Tax At Source On Dividend
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Ashika Global Securities Limited
(Formerly, Ashika Credit Capital Limited)
CIN: L67120WB1994PLC062159
24th August, 2026
General Manager
Department of Corporate Service
BSE Ltd
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai – 400001
Scrip Code: 543766
Dear Sir/Ma’am,
Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Sub:Communication to Shareholders on deduction of tax at source on Dividend
With reference to above and in compliance with the provisions of the Income Tax Act, 2025 and rules framed thereunder, we are enclosing herewith
an email communication which has been sent to all shareholders whose e-mail addresses are registered with the Company/ Company's Registrar
and Share Transfer Agent/Depositories and communication sent in form of letter to shareholders whose e-mail IDs are not yet registered with the
Company/Company's Registrar and Share Transfer Agent/Depositories, indicating the the detailed process to submit the documents/declarations
along with the formats in respect of deduction of tax at source (for claiming tax exemption ) on Dividend.
The above communication is also available on the website of the Company at www.ashikagroup.com
Kindly take the same on record.
Thanking You.
For, Ashika Global Securities Limited
(formerly, Ashika Credit Capital Limited)
(Anju Mundhra)
Company Secretary & Compliance Officer
F6686
Encl: A/a
Registered Office: Trinity, 226/1, A.J.C. Boss Road, 7th Floor, Kolkata 700 020 | T: +91 33 4010 2500 | secretarial@ashikagroup.com
Corporate Office: Altimus, Level 35, Dr. G. M. Bhosle Marg, Worli, Mumbai 400 018 | T: +91 22 6372 0000 | ashika@ashikagroup.com www.ashikagroup.com
Growing and Sharing with you
ASHIKA GLOBAL SECURITIES LIMITED
(formerly, Ashika Credit Capital Limited)
CIN: L67120WB1994PLC062159
Registered Office: Trinity, 226/1, A.J.C Bose Road,
7th Floor, Kolkata-700020, Tel: (033) 40102500,
Email: secretarial@ashikagroup.com Website: www.ashikagroup.com
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Srl No. Date : 24th August, 2026
Dear Member,
Sub : Communication of deduction of Tax at Source (TDS) on Dividend for the FY 2025-2026
The Board of Directors of Ashika Global Securities Limited (formerly, Ashika Credit Capital Limited) (“the Company”) at its Meeting held on 17th May, 2026, recommended payment
of dividend of Re. 0.50 paise per Equity Share of Face Value of Rs. 10/- each, to those shareholders holding Equity Shares as on the record date,for dividend payout, for the financial
year ended 31st March, 2026. The dividend will be paid to the members of the Company after declaration of dividend at the ensuing Annual General Meeting (‘AGM’) of the
Company.
In accordance with the provisions of the Income Tax Act, 2025 (‘the Act’ or ‘IT Act 2025’) as amended by the Finance Act, 2026, applicable with effect from April 1, 2026, dividend
declared and paid by the Company is taxable in the hands of its members. Accordingly, the Company shall be required to deduct tax at source from the said dividend paid to the
members at prescribed rates, if approved at the AGM. F
SEBI vide its Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/ CIR/2021/655 dated November 3, 2021 (subsequently amended by Circular Nos. SEBI/HO/MIRSD/MIRSD_
RTAMB/P/CIR/2021/687 dated December 14, 2021, SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 March 16, 2023, SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 November 17, 2023
and SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated 10th June, 2024) has mandated that wAith effect from April 1, 2024, dividend to security holders (holding securities in physical
form), shall be paid only through electronic mode. Such payment shall be made only after furnishing the PAN, choice of nomination, contact details including mobile number, bank
account details and specimen signature. If the KYC details is not updated by the shareholder, then the dividend will be withheld by the Company. Members are requested to update
their KYC details with the Company’s Registrar and Transfer Agents, M/s. Maheshwari Datamatics Pvt. Ltd., 23 R.N. Mukherjee Road, 5th Floor, Kolkata-700001 in the following
manner: R
You are requested to send them duly completed ISR 1, ISR 2 and Choice of nomination (https://mdpl.in/form) with signature of the holders attested by your banker along with a
cancelled cheque leaf with your name, account no. and IFSC Code printed thereon. In case your name is not printed on the cheque leaf, you are requested to send additionally bank
attested copy of your pass book / bank statement showing your name, account no and IFSC Code.
The Members holding shares in demat form are advised to kDeep the bank details updated with their depository participants.
This communication summarises the applicable TDS provisions in accordance with the provisions of the Income Tax Act, 2025, for various categories, including Resident or Non-
Resident members.
1. For Resident Members:
Srl Particulars Applicable Rate Documents required (if any)
(a) No TDS shall be deducted in the case of resident NIL -
individual members, if the amount of such
dividend in aggregate paid or likely to be paid
during the financial year does not exceed
Rs.10,000.
(b) With PAN 10.0% Update/Verify the PAN, and the residential status as
(Exceeding Rs. 10,000/-) per Income Tax Act, 2025 if not already done, with
under section 393(1) [Table: S.No.7] the depositories (in case of shares held in demat
mode) and with the Company's Registrar and
Transfer Agents – Maheshwari DatamaticsPvt. Ltd.
(in case of shares held in physical mode). Or click on
the following link :
https://mdpl.in/form
(c) Without PAN/ Invalid PAN 20% -
under section 397(2) of the Act
(d) Non Linking of PAN and Aadhaar 20% -
(e) Submitting Form 121 NIL Declaration in Form No. 121 (applicable to any person
other than a company or a firm) / Form 121 (applicable
to an Individual who is 60 years and older), fulfilling
certain conditions. Please note that the shareholders
are required to fill Part A of Form 121 (in full; including
the declaration thereto) and Part B (at Sr. No. 8 to 18
only). Shareholders may click on the following link for
claiming Exemptions.
ASHIKA GLOBAL SECURITIES LIMITED
(formerly, Ashika Credit Capital Limited)
CIN: L67120WB1994PLC062159
Registered Office: Trinity, 226/1, A.J.C Bose Road,
7th Floor, Kolkata-700020, Tel: (033) 40102500,
Email: secretarial@ashikagroup.com Website: www.ashikagroup.com
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https://mdpl.in/form
(f) Submitting valid Certificate under Section 395 Rate provided in the Lower/NIL withholding tax certificate obtained from
of the Act Certificate tax authority to be submitted through the following
link
https://mdpl.in/form
(g) Mutual Fund specified under Section 393(5) of NIL Self-declaration that they are specified in Section
the Act 393(5) and specified at Schedule VII (Table: Sl. No. 20
or 21) of section 11 of the Income Tax Act, 2025 along
with self- attested copy of PAN card and SEBI
registration certificate. The said documents to be
submitted through the following
linTk:https://mdpl.in/form
(h) An Insurance Company exempted under NIL Self-declaration that it has a full beneficial interest with
Section 393(4) of the Act respect to the shares owned by it and no tax is
deductible as per provisions of Section 393(4) [Table: S.
No.10] of the IT Act 2025 along with self-attested copy
of registration certificate and PAN card to be submitted
through the following link: https://mdpl.in/form
(i) Alternative Investment Fund (AIF) established ANIL Declaration that the shareholder is eligible for
in India: exemption under Schedule V [Table: Sl. No. 1] of
section 11
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