Aegis Logistics Limited announced an Interim Dividend of ₹2/- per Equity share (200% on face value of Re. 1/- each) for the financial year 2025-26. The key details are:
- The record date for the interim dividend payment is Wednesday, June 25, 2025.
- As per the Income-tax Act, 1961, dividends are taxable in the hands of shareholders effective April 1, 2020, requiring the company to deduct tax at source (TDS).
- TDS rates vary based on the shareholder's residential status and submitted documents.
- For resident shareholders, the general TDS rate is 10% with a valid PAN. No TDS is applicable if the dividend for FY 2025-26 does not exceed ₹10,000. Shareholders can claim NIL/lower TDS by submitting Form 15G/15H or an order under Section 197.
- For non-resident shareholders, the TDS rate is 20% (plus applicable surcharge and cess) or the Tax Treaty rate (whichever is lower), provided necessary documents like Tax Residency Certificate (TRC) and Form 10F are submitted.
- If a valid PAN is not provided, tax will be deducted at a higher rate of 20% as per Section 206AA of the Act.
- Shareholders must update all required documents by Wednesday, June 25, 2025, via the link https://web.in.mpms.mufg.com/formsreg/submission-of-form-15g-15h.html to ensure appropriate TDS determination.
- TDS certificates will be sent to registered email IDs post-dividend payment, and credit will be visible in Form 26AS. Shareholders can claim a refund by filing their income tax return if tax is deducted at a higher rate due to missing documents.