Cosmo First Ltd Announces Final Dividend of Rs 4 Per Share for FY 2025-26
Cosmo First Limited announced details regarding the payment of a final dividend for the Financial Year (FY) 2025-26, along with guidelines pertaining to Tax Deduction at Source (TDS) on dividend payouts.The Board of Directors approved the payment of a final dividend of Rs 4/- per equity share, which has a face value of Rs 10/- each, for FY 2025-26. This dividend is scheduled to be paid subject to the approval of shareholders at the upcoming 49th Annual General Meeting (AGM), set for August 05, 2026. The record date for the payment of this final dividend has been set as Wednesday, July 22, 2026.
The company released a communication to shareholders detailing the TDS rates applicable based on their residential status and the specific documentation provided.
Key Dividend and TDS Details
Cosmo First Limited outlined different withholding tax rates for resident and non-resident shareholders based on various categories of shares and declarations submitted.A summary of the tax deduction at source (TDS) applicability is presented below:
| Shareholder Category | Relevant Rate / Condition | Applicable Tax Withholding/Rate |
|---|---|---|
| Resident Individual | If total dividend for FY 2026-27 does not exceed INR 10,000/- | No tax deducted |
| Resident Shareholder (Valid PAN / RTA in physical form) | Applies when no exemption is sought by the resident shareholder | 10% |
| Resident Shareholder (No / Invalid PAN) | Applies if no exemption is sought by the shareholders | 20% |
| Resident Shareholders eligible for NIL TDS | If specific declarations are provided (e.g., Form 121, etc.) before July 24, 2026 | NIL |
| Non-Resident: FIIs / FPIs | Standard withholding or beneficial Tax Treaty rate | 20% (+/-) OR Contractual Rate |
| Non-Resident: Alternative Investment Fund (Category III or Retail Scheme in IFSC) | Rate based on specific fund status | 10% (+/-) |
| Non-Resident: Other Shareholders | Standard withholding or beneficial Tax Treaty rate | 20% (+/-) OR Contractual Rate |
| Non-Resident: Notified Jurisdictional Area (Tax Resident) | Applies to shareholders meeting specific tax criteria | 30% |
Requirements for NIL TDS
The company specified several categories of resident and non-resident shareholders who can avail a nil tax deduction provided they submit the necessary documents by July 24, 2026.Resident Shareholders eligible for NIL Tax Deduction include:
- Resident individuals furnishing Form 121 along with a copy of PAN card.
- Shareholders covered under Section 393(4) (such as LIC, GIC), who must provide their PAN and self-declaration.
- Persons under Section 393(5) (e.g., Govt., RBI, specific corporations), requiring a self-attested copy of PAN and relevant exemption certificates.
Non-Resident Shareholders eligible for NIL Tax Deduction include:
- Sovereign Wealth funds notified by Central Government under Schedule V (Table: Sl. No. 7).
- Subsidiary of Abu Dhabi Investment Authority (ADIA) as prescribed under Schedule V (Table: Sl. No. 7), requiring a self-declaration of compliance.
- Availability of a Lower/NIL tax deduction certificate issued by the Income Tax Department u/s 395(1) or 395(2).
Investor Information and Compliance Matters
Shareholders are advised to update their bank account details in both demat and physical folios to ensure timely dividend credit.The company also provided detailed guidance on tax compliance, noting that a higher TDS rate will be applied if there is any discrepancy in the documents submitted by the shareholder. Non-resident shareholders seeking benefits under Double Taxation Avoidance Agreements (DTAA) are required to submit supporting documents such as a Tax Residency Certificate (TRC) and Form 41 within the specified timeline.
COSMOFIRST Stock Price Movement
Shares of COSMO FIRST LIMITED are gaining as of 11:59 AM today, climbing to ₹827.50 after edgesing higher by 1.20%. The equity continues active movement in the live market, with a traded volume reaching 16,244 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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