GANESH HOUSING Recommends Final Dividend of ₹1.50 per Share; Shareholders Alerted on TDS Applicability

GANESH HOUSING Recommends Final Dividend of ₹1.50 per Share; Shareholders Alerted on TDS Applicability​

GANESH HOUSING LIMITED, formerly known as Ganesh Housing Corporation Limited, announced a recommendation for a Final Dividend amounting to ₹1.50 per Equity Share. This dividend pertains to the Financial Year 2025-26 and is based on a face value of ₹10 per equity share. The Board of Directors recommended this payment during a meeting held on May 29, 2026, subject to shareholder approval at the ensuing Annual General Meeting (AGM).

As stipulated by the Income Tax Act, dividends distributed by the company are taxable in the hands of shareholders. Consequently, the company is required to deduct tax at source (TDS) for Tax Year 2026-27 upon making the dividend payment, as per applicable rates under the law.

The company provided detailed guidelines regarding TDS applicability across different shareholder categories, including Resident and Non-Resident members. The TDS rate depends on various factors, such as the status of the shareholder and the documentation provided.

TDS Guidelines for Shareholders​

Key provisions related to Tax Deduction at Source (TDS) include:

* For resident shareholders:
* Residents holding valid PAN are subject to a 10% TDS deduction if no exemption applies.
* Resident Individual Members are eligible for NIL TDS if the aggregate of total dividend paid by the company during TY 2026-27 does not exceed Rs.10,000/-.
* Specific categories, such as residents submitting Form 121 or those with exempt status (like certain Mutual Funds or Insurance Companies), may qualify for NIL TDS, provided the necessary documents are submitted.
* Resident shareholders without a PAN, or those with an invalid/deleted PAN, face a higher rate of 20% TDS deduction.

* For non-resident shareholders:
* The standard TDS rate is 20% (plus applicable surcharge and cess), though this can be lower if the shareholder provides documents related to a Double Taxation Avoidance Agreement (DTAA) between India and their country of residence.

Shareholders who wish to avail benefits under specific categories or claim NIL deduction must submit required documentation, such as Form 121 or Tax Residency Certificates, to enable the company to determine and deduct the correct TDS rate.

All necessary documents regarding tax exemption, including self-declarations and certificates, must be submitted by shareholders to the company via email at secretarial@ganeshhousing.com on or before Saturday, August 29, 2026. Documents received after this date may not be considered for non-deduction or lower deduction of tax.

GANESHHOU Stock Price Movement​

Shares of GANESH HOUSING LIMITED slipped by 0.26% on Wednesday to settle at ₹765.50 per share. Trading activity included a volume of 14,308 shares for the day.