Key Quantitative Figures

  • Final dividend recommended: ₹3 per equity share (30% of face value of ₹10).
  • Record date for dividend entitlement: Friday, August 7, 2026.
  • TDS rate for resident shareholders without valid PAN: 20%.
  • TDS rate for non-resident shareholders (default): 20% plus applicable surcharge and cess.
  • Dividend income exemption threshold for resident individuals: ₹10,000 aggregate during Tax Year 2026-27.

Parties Involved

  • Quess Corp Limited (Declaring company)
  • BSE Limited and National Stock Exchange of India Limited (Recipients of disclosure)
  • MUFG Intime India Private Limited (Registrar and Transfer Agent)
  • Shareholders (Resident and Non-resident)
  • Depository Participants
  • Income Tax Authorities
  • SEBI (Securities and Exchange Board of India)

TDS Procedures and Requirements

For Resident Shareholders

  • Standard TDS rate: 10% (with valid PAN)
  • Higher TDS rate: 20% (without PAN/invalid PAN/inoperative PAN)
  • Exempt categories: Insurance companies, mutual funds, provident funds, superannuation funds, gratuity funds, NPS Trust (with specific documentation)
  • Required documents: PAN verification, Form 121 for nil deduction, lower withholding tax certificate under Section 395(1)

For Non-Resident Shareholders

  • Standard TDS rate: 20% plus applicable surcharge and cess
  • Treaty benefits available upon submission of: PAN card, Tax Residency Certificate (valid for TY 2026-27 or calendar year 2026), electronically furnished Form 41, declaration of no permanent establishment in India (Annexure 3), treaty eligibility declaration (Annexure 4)
  • FIIs/FPIs must provide SEBI registration certificate and declare investment route (FDI or FPI)

Submission Process

  • All documents must be uploaded via RTA portal: https://web.in.mpms.mufg.com/formsreg/submission-of-Form-121-41.html
  • Email submissions will not be considered
  • Deadline: August 14, 2026, 5:00 PM IST

Additional Requirements

  • Shareholders must ensure bank account details are updated in demat accounts for electronic dividend credit
  • Physical shareholders must update KYC details: PAN, contact details, mobile number, bank account details, signature
  • TDS certificates will be emailed to registered email IDs post-dividend payment
  • Shareholders can view TDS credit in Form 26AS via income tax e-filing portal

Important Notes

  • The company is not obligated to apply beneficial tax treaty rates without complete documentation
  • Shareholders are responsible for any tax demands arising from misrepresentation or omission of information
  • No claims shall lie against the company for taxes deducted
  • This communication is summary in nature and shareholders should consult tax advisors

Disclaimer

The communication is not advice from the company or its RTA. Shareholders should obtain professional tax advice.