Technojet Consultants Limited has issued a communication to shareholders regarding tax deduction at source procedures for the proposed dividend for Financial Year 2025-26.

The Board of Directors, at its meeting held on 15th May 2026, has recommended a dividend of ₹87.00 per equity share of ₹10 each for the financial year ended 31st March 2026. This dividend payment is subject to approval by shareholders at the 44th Annual General Meeting scheduled for Friday, 19th June 2026.

The dividend will be paid after 19th June 2026 to shareholders holding shares as on the record date of Friday, 12th June 2026. The Register of Members and Share Transfer Books will be closed from Saturday, 13th June 2026 to Friday, 19th June 2026 (both days inclusive) for dividend payment and AGM purposes.

Tax Deduction Requirements

Pursuant to the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company is required to deduct tax at source at applicable rates.

For Resident Shareholders:

  • 10% TDS rate applies where shareholders have registered valid PAN
  • 20% TDS rate applies if no PAN, invalid PAN, or PAN not linked with Aadhar
  • No TDS for resident individuals if total dividend during Tax Year 2026-27 does not exceed ₹10,000
  • Specific exemptions available for various entities including insurance companies, mutual funds, AIFs, NPS Trust, recognized provident funds, approved superannuation funds, and approved gratuity funds

For Non-Resident Shareholders:

  • 20% withholding tax plus applicable surcharge and cess under domestic tax law
  • 30% for shareholders from Notified Jurisdictional Areas
  • Option to avail DTAA benefits by submitting required documentation including PAN, Tax Residency Certificate, Form 41, and various declarations

Submission Requirements

All tax-related documents, declarations, and forms must be submitted on or before Friday, 12th June 2026. The company will not entertain any communication regarding tax determination/deduction after this date.

Shareholders must ensure their details including PAN, residential status, category, email ID, and address are updated in their demat accounts or with the company's Registrar and Transfer Agent, KFin Technologies Limited.

Additional Provisions

  • PAN must be linked with Aadhar to avoid higher TDS deduction
  • Declaration under Rule 203 required if dividend income assessable to person other than registered shareholder
  • Higher tax rate applies for shareholders with multiple accounts under different status/category with single PAN
  • NSDL's tax service available for certain institutional shareholders

The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the communication is available on the company's website at www.technojet.in.