Dynemic Products Limited Declares Final Dividend of ₹1.50 Per Equity Share
Dynemic Products Limited announced that its Board of Directors has recommended a final dividend of ₹1.50 per fully paid-up equity share, marking a payout for the financial year (FY) ended March 31, 2026. The dividend represents 15% of the face value.The resolution was reached during a board meeting held on May 29, 2026.
As per the company's communication to shareholders, the dividend is subject to applicable Tax Deduction at Source (TDS) provisions under the Income-tax Act, 1961, as dividends paid or distributed on or after April 1, 2020 are taxable at the hands of shareholders.
The company provided detailed guidelines for shareholders regarding TDS rates and the necessary documentation required to enable the correct withholding tax determination.
Key details regarding the dividend declaration:
| Detail | Value |
|---|---|
| Dividend Declared | ₹1.50 per fully paid-up Equity Share |
| Face Value of Equity Share | ₹10/- each |
| Percentage Payout | 15% |
| Financial Year Covered | Ended March 31, 2026 |
The company emphasized the importance of providing specific tax-related documents by a deadline to determine the appropriate TDS or withholding tax rate. The deadline for submitting these materials is July 31, 2026.
Shareholders were provided detailed instructions covering different resident and non-resident statuses, including requirements related to PAN linkage and documentation needed to claim potential exemptions under the Act.
DYNPRO Stock Price Movement
Dynemic Products Limited slips 0.22% as of 3:12 PM today, with shares trading at ₹235.08 after shedding ₹0.52 in market action. The stock has seen a modest intraday movement, registering a low of ₹232.05 and a high of ₹236.7 amid a volume of 3,456 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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