Company Disclosure

Quess Corp Limited (Scrip Code: 539978, NSE Symbol: QUESS) has communicated to shareholders regarding tax deduction at source on the interim dividend declared for Financial Year 2026-27.

Dividend Declaration Details

  • The Board of Directors declared an interim dividend of ₹5 per equity share (50% of face value of ₹10 each) at their meeting held on October 30, 2026.
  • Record date for determining entitlement: Friday, November 06, 2026.
  • Dividend payment timeline: On or before November 20, 2026, or within 30 days from declaration date as per Companies Act, 2013.

TDS Requirements and Rates

Pursuant to Income Tax Act, 2025, the Company will deduct tax at source (TDS) at prescribed rates when paying the dividend. The disclosure provides detailed TDS rates for different shareholder categories:

Resident Shareholders:

  • Standard rate: 10% for shareholders with valid PAN (Section 393(4))
  • Higher rate: 20% for shareholders without PAN/invalid PAN/inoperative PAN (Section 397(2))
  • Exemption cases: No TDS if aggregate dividend income ≤ ₹10,000 for resident individuals during TY 2026-27
  • Specific exemptions: Insurance Companies, Mutual Funds, AIFs, Provident Funds, Superannuation Funds, Gratuity Funds, NPS Trust with required documentation
  • Form 121 submission: Eligible shareholders can claim nil deduction
  • Certificate under Section 395(1): Tax deduction at rate specified in certificate

Non-Resident Shareholders:

  • Standard rate: 20% plus applicable surcharge and cess (Section 393(2) read with Section 207(1))
  • Treaty benefits: Available upon submission of PAN card, Tax Residency Certificate, electronically furnished Form 41, and required declarations
  • FIIs/FPIs: Must provide SEBI registration certificate and declaration of investment route (FDI or FPI)

Document Submission Requirements

  • Deadline: Sunday, November 08, 2026, 5:00 PM IST
  • Submission portal: https://web.in.mpms.mufg.com/formsreg/submission-of-form-15g-15h.html
  • Required documents: Various annexures including Form 121, Resident Tax Declaration, non-resident declarations, and treaty benefit claims
  • Email communications will not be considered - only portal submissions accepted

Additional Important Information

  • Shareholders with multiple accounts under single PAN: Highest applicable tax rate will be applied to entire holding
  • Company not obligated to apply beneficial tax treaty rates without complete documentation
  • No claims against Company for taxes deducted
  • Shareholders responsible for indemnifying Company against any tax demands arising from misrepresentation
  • TDS certificates will be emailed to registered email IDs post dividend payment
  • Shareholders can also request TDS certificates and view credits in Form 26AS

Shareholder Action Requirements

  • Update PAN and residential status with depositories (dematerialized shares) or RTA MUFG Intime India Private Limited (physical shares)
  • Ensure Aadhaar-PAN linkage as required under Section 262(9) read with Rule 162 of Income Tax Rules, 2026
  • Update bank account details in demat accounts for electronic dividend credit
  • Physical shareholders must update KYC details (PAN, contact details, mobile number, bank account details, signature) to receive electronic dividend

Disclaimer

The communication is summary in nature and not complete tax advice. Shareholders should consult their own tax advisors. This shall not be treated as advice from the Company or its RTA.