Date: May 31, 2026

Dividend Declaration

The Board of Directors of Spacenet Enterprises India Limited at their meeting held on May 29, 2026, declared an interim dividend of 1%, which amounts to ₹0.01 per equity share of face value ₹1 each for the Financial Year 2025-26.

Record Date

Payment Method

As per Regulation 12 of SEBI LODR Regulations, the dividend amount will be paid only through electronic modes of payment facility approved by the Reserve Bank of India.

Tax Deduction at Source (TDS)

The Company will withhold taxes on the dividend paid to shareholders in accordance with the Income-tax Act, 2025, effective from April 1, 2026. The withholding tax rate varies depending on the residential status of the shareholder and the documents submitted.

Key TDS Provisions:

For Resident Shareholders:

  • No TDS if total dividend during TY 2026-27 does not exceed ₹10,000 for resident individual shareholders
  • 10% TDS for those with valid PAN updated with DP/RTA
  • 20% TDS for those with no/invalid PAN
  • Lower/nil rates available with appropriate declarations and certificates (Form 12I, lower withholding certificate u/s 395(1))
  • Specific exemptions for entities under sections 393(1), 393(5), and 393(6) of the Act (e.g., LIC, GIC, Business Trusts, Government, RBI, Mutual Funds, Category I & II AIFs)

For Non-Resident Shareholders:

  • FIIs/FPIs: 20% (plus surcharge/cess) or tax treaty rate, whichever is beneficial
  • Category III AIF in IFSC: 10% (plus surcharge/cess)
  • Other non-residents: 20% (plus surcharge/cess) or tax treaty rate, whichever is beneficial
  • Tax residents of Notified Jurisdictional Area: 30%
  • Sovereign Wealth Funds and Pension Funds notified u/s Schedule V: NIL
  • Subsidiary of Abu Dhabi Investment Authority (ADIA): NIL
  • Lower/nil rates available with lower tax deduction certificate u/s 395(1)

Shareholder Actions Required

Shareholders must:

  • Update KYC details (PAN, contact details, bank account, specimen signature) with RTA (CIL Securities Limited) or their Depository Participant
  • Submit required tax declaration documents (Form 12I, TRC, Form 41, self-declarations) via email to rta@cilsecurities.com on or before June 5, 2026
  • Ensure PAN is linked with Aadhaar to avoid higher TDS deduction of 20%
  • Clearing members must ensure shares are transferred to respective shareholder accounts by record date

Additional Information

  • TDS certificates will be issued electronically to email addresses registered with DP/RTA
  • Shareholders can download tax credit statements (Form 16B) from the Income Tax Department's website
  • The Company reserves the right to verify PAN details through NSDL utility and reject incomplete documents
  • Shareholders with multiple accounts under different residential statuses will be subject to the highest applicable tax rate across all accounts
  • Shareholders are responsible for any tax demands arising from misrepresentation or omission of information