Quess Corp Limited Recommends Final Dividend of Rs 3 Per Share; Details on TDS Requirements Announced
Quess Corp Limited announced the recommendation of a final dividend for the Financial Year ending March 31, 2026. The Board of Directors meeting held on May 04, 2026, recommended a final dividend of Rs 3/- per equity share, calculated at a rate of 30% of the face value of Rs 10/each.The record date for determining shareholder entitlement for this final dividend has been set as Friday, August 07, 2026. The company noted that upon approval by shareholders at the forthcoming 19th Annual General Meeting (AGM), the dividend will be paid within 30 days from the declaration date.
Tax Deduction at Source (TDS) Guidelines
As dividends are taxable in the hands of shareholders according to the Income-tax Act, 2025, Quess Corp Limited mandated that tax deduction at source (TDS) shall be carried out at the prescribed rates upon payment. The TDS rates and applicable documentation requirements vary based on the residential status and category of the shareholder.Resident Shareholders
The company provided specific guidelines for resident shareholders, differentiating between various categories:| Category of Shareholder | Tax Deduction Rate | Key Requirement/Exemption |
|---|---|---|
| An resident shareholder (With PAN) | 10% (As per Section 393(4) of the Act) | Must update and verify PAN status with depositories. |
| Resident individual (Aggregate income under INR 10,000/- for TY 2026-27) | NIL | No deduction required if aggregate dividend income does not exceed INR 10,000/- in the Tax Year (TY) 2026-27. |
| Other resident shareholder without PAN/ Invalid PAN/ Inoperative PAN | 20% | TDS is deducted at a higher rate as per Section 397(2) of the Act. |
Non-Resident Shareholders
For non-resident shareholders, the tax deduction rate depends on their status:| Category of Shareholder | Tax Deduction Rate | Requirement for Treaty Relief |
|---|---|---|
| Any non-resident shareholder (excluding FIIs/FPIs) | 20% (plus surcharge and cess) | Must submit a self-attested Copy of the PAN Card, Tax Residency Certificate (TRC), and electronically furnished Form 41. |
| FIIs / FPIs | 20% (plus applicable surcharge and cess) | Required to provide declarations regarding FDI/FPI route investment status and submission of SEBI Registration certificate. |
Compliance and Action Items
The company emphasized the mandatory nature of PAN recording for all shareholders. In instances where a shareholder holds shares under multiple accounts or statuses, the higher of the tax applicable rates across those holdings will be applied to their entire holding.A critical deadline was set for the submission of required documents: Shareholders must upload necessary documentation via the RTA portal on or before Friday, August 14, 2026, at 5:00 P.M. (IST). The company stated that no communication regarding tax determination will be considered after this deadline.
Shareholders were also requested to ensure that all bank account details in their respective demat accounts are updated to facilitate the timely credit of dividends. Members holding shares in physical form who lack updates on KYC details, including PAN, contact details, mobile number, bank account details, or signature, must update these details electronically to be eligible for dividends via electronic mode.
QUESS Stock Price Movement
Shares of Quess Corp Limited today slipped by 1.19% to close at ₹295.40, finishing lower following trading activity in the post-market session.The company traded a volume of 115,166 shares during the day, after hitting a low of ₹292.00 during market hours.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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