Medi Assist Announces Final Dividend and Sets Dates for 26th Annual General Meeting

Medi Assist Announces Final Dividend and Sets Dates for 26th Annual General Meeting​

Medi Assist Healthcare Services Limited has announced a final dividend recommendation for the financial year ended March 31, 2026. The company also scheduled its 26th Annual General Meeting (AGM) to address shareholder matters regarding this pay-out.

The Board of Directors recommended a final dividend of Rs. 2 per equity share. This decision was made based on the company's face value of Rs. 5 per share for the Financial Year (FY) ended March 31, 2026, and is subject to approval by members at the AGM.

The Record Date, which determines the eligibility of shareholders to receive the dividend, has been set as September 11, 2026. Upon approval at the subsequent AGM, the final dividend will be remitted within 30 days via electronic payment methods.

Details of the Annual General Meeting​

The 26th Annual General Meeting of Medi Assist Healthcare Services Limited is scheduled to take place on Thursday, September 24, 2026, at 10:30 a.m. (IST). The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

The key details concerning the dividend payment and shareholder obligations are summarized below:

Dividend Tax and Compliance Requirements​

The company has provided detailed guidelines regarding the deduction of tax at source (TDS) on dividend payouts, as per the Income Tax Act, 2025. All dividends are taxable in the hands of the shareholders.

Shareholders must ensure compliance with the applicable tax regulations, which mandate that all payments to security holders who hold securities in physical form must be made through electronic modes upon furnishing necessary details.

Key TDS Provisions and Shareholder Obligations​

The company outlined specific TDS requirements based on a shareholder's residency status and documentation:

* Resident Shareholders:
* If shares are held with a valid Permanent Account Number (PAN), tax is deducted at the rate of 10% under Section 393(1) read with Section 393(4) of the Act.
* In cases where PAN is not available, or if the PAN is inoperative due to non-linking with Aadhaar, TDS will be deducted at the rate of 20% under Section 397 of the Act.
* Resident individuals who receive a total dividend amount not exceeding Rs. 10,000 during FY 2026-27 may be exempt from tax if they furnish Form 121 and meet all eligibility conditions.

* Non-Resident Shareholders:
* Taxes are required to be withheld at the rate of 20% (plus applicable surcharge and cess).
* Non-resident shareholders have the option to benefit from the Double Tax Avoidance Agreement (DTAA) between India and their country of residence, provided they submit specific documents including a Tax Residency Certificate (TRC).

KYC and Document Submission​

To ensure timely receipt of the dividend, members are requested to update their Know Your Customer (KYC) details, including residential status and PAN, with either their depository participant or the company's Registrar & Share Transfer Agent (RTA), depending on how shares are held.

A strict cut-off period for submitting relevant tax documents has been set for September 11, 2026. The company noted that it is obligated to deduct TDS based on the records available with the RTA and will not entertain requests for revision of TDS returns thereafter.

MEDIASSIST Stock Price Movement​

Medi Assist Healthcare Services Limited shares today slipped by 1.42% to settle at ₹346.25 in post-market trading. The stock saw an intraday range between a low of ₹341.30 and a high of ₹356.45, with total traded volume registering 378,808 shares.