Dhunseri Ventures Recommends Rs 1.50 Dividend Per Equity Share; Details on TDS Applicability Released
Dhunseri Ventures Limited has recommended a dividend of Rs 1.50 per equity share, pending approval at its forthcoming Annual General Meeting (AGM). The payment details and associated Tax Deducted at Source (TDS) provisions for the financial year 2025-26 have been communicated to members.The recommendation was made by the Board of Directors during a meeting held on May 26, 2026. The dividend is proposed against a face value of Rs 10 per equity share.
Dividend Payment and Record Dates
The payment of the recommended dividend will occur after its declaration at the Annual General Meeting scheduled for August 18, 2026.Key dates related to the dividend eligibility include:
- Eligibility Date: Members must be eligible based on the Register of Members on August 11, 2026.
- Record Closure Period: The Register of Members and Share Transfer Books will remain closed from August 12, 2026, to August 18, 2026.
TDS Provisions for Shareholders
In accordance with the Income Tax Act, 2025, as amended by the Finance Act, 2026, dividend declared and paid by the Company is taxable in the hands of its shareholders. The Company has detailed the applicable TDS provisions based on various shareholder statuses.TDS rates vary depending on whether the member is a Resident or Non-Resident, and their specific compliance status with respect to documentation requirements (such as PAN and Aadhaar linking).
A summary of the TDS applicability for resident members is provided below:
| Status / Particular | Applicable Rate | Requirements/Notes |
|---|---|---|
| Resident Individual (Aggregate up to Rs 10,000) | NIL | No TDS deduction. |
| Resident Individual (Exceeding Rs 10,000 with PAN) | 10% | Verification of PAN and residential status is required. |
| Resident Individual (Without/Invalid PAN) | 20% | Applicable rate based on documentation requirements. |
For Non-Resident Members, the applicable rates are as follows:
- General Non-Residents: TDS shall be Deducted/Withheld at 20% plus applicable surcharge and cess.
- FIIs / FPIs: The applicable rate is 20% plus applicable surcharge and cess.
- Other Non-resident Shareholders (DTAA): The rate is 20% plus applicable surcharge and cess or the Tax Treaty Rate, whichever is less, provided specific documentation is furnished.
The Company has mandated that shareholders ensure their Aadhaar number is linked with PAN as prescribed by tax authorities. If this linking fails within stipulated timelines, PAN will be deemed inoperative, resulting in a higher TDS rate of 20%.
DVL Stock Price Movement
Dhunseri Ventures Limited shares shed 1.26% during active trading, dipping to ₹240.6 as of 2:51 PM. The stock saw a total traded volume of 5,767 shares so far this session.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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