Oracle Financial Services Declares Second Interim Dividend of Rs. 270 Per Share
Oracle Financial Services Software Limited announced the declaration of a second interim dividend for the Financial Year 2025-26. The dividend, approved by the Board of Directors at a meeting held on April 22, 2026, amounts to Rs. 270 per equity share, which has a face value of Rs. 5 each.The dividend will be payable to shareholders recorded as beneficial owners in the Depositories as at the close of business hours on Thursday, May 7, 2026, which is set as the Record Date.
The payment of the dividend amount must be made through an electronic mode of payment facility. Shareholders are advised to update their bank account details with their respective depository participants on or before the Record Date to facilitate the electronic credit of the dividend amount.
Tax Implications and TDS Rates
The Company noted that the dividend declared is taxable in the hands of its shareholders, and the Company is required to deduct tax at source (TDS) at applicable rates. The TDS rates vary significantly depending on the shareholder's residency and category.| Category | Section | TDS Rate | Applicability Conditions |
|---|---|---|---|
| Mutual Fund (as specified at Schedule VII) | 393(5)(d) | Nil | Applicable for Mutual Funds registered with SEBI. |
| The Government | 393(5)(a) | Nil | |
| Alternative Investment Fund ("AIF") | 393(1) [Table: Sl. No.7], 393(4) [Table: Sl. No. 10] | Nil / 10% | Applicable for Category I and II AIF registered with SEBI. |
| Category III AIF IFSC | 393(2)[Table: Sl. No. 16] | 10% | Applicable for Category III AIF located in any International Financial Services Centre. |
| National Pension System Trust | 393(9) | Nil | |
| Insurance companies | 393(4) [Table: Sl. No. 10] | Nil | Applicable for Insurance companies registered under IRDAI. |
| Resident Individuals | 393(4)[Table: Sl. No. 10] | Nil | Applicable if the aggregate dividend amount during Tax Year 2026-27 does not exceed INR 10,000/- or if valid Form 121 is submitted, and the dividend is in a non-cash mode. |
| Eligible resident shareholders | 395 | Rate as per lower deduction certificate | TDS rate specified in the Lower Deduction Certificate issued by the Income Tax Authority valid for Tax Year 2026-27. |
| Resident Shareholders not covered in above provisions | 393(1) [Table: Sl. No. 7] | 10% / 20% | If valid PAN is registered, tax shall be deducted at 10%; otherwise, tax shall be deducted at 20%. |
| Category | Section | TDS Rate | Applicability Conditions |
|---|---|---|---|
| FII/FPI | 393(2) [Table: Sl. No. 15] | 20% | A lower TDS rate may apply if documents related to Double Taxation Avoidance Agreements (DTAA) are furnished. |
| Other Non-resident shareholders | 393(2) [Table: Sl. No. 17] | 20% | The Company may deduct taxes at a lower rate as per relevant DTAA if necessary documents are submitted. |
| Category III AIF IFSC | 393(2) [Table: Sl. No. 16] | 10% | This rate applies to Category III AIF located in any IFSC. |
| All non-resident shareholders | 395 | Rate as per lower deduction certificate | TDS rate specified in Lower Deduction Certificate issued by the Income tax authority valid for Tax Year 2026-27. |
The Company specified that the application of beneficial DTAA rates depends on the completeness and satisfactory review of the documents submitted by Non-Resident shareholders.
Shareholders were requested to ensure that key details, including residential status, valid PAN, category of shareholder, email address, and residential address with postal code, are updated by the Record Date.
OFSS Stock Price Movement
Today, Oracle Financial Services Software Limited shares edged higher to close at ₹8791.5, rallying 7.80% on the exchange. The stock finished the day on a robust volume, with 2.65 million shares traded.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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