Route Mobile Recommends Final Dividend of ₹2 Per Share for FY 2025-26; Details on Tax Deduction at Source Released
Route Mobile Ltd has announced a Final Dividend amounting to ₹2 per equity share, which corresponds to an equity share value of ₹10. The dividend was recommended by the Board of Directors in its meeting held on May 7, 2026, for the financial year ending March 31, 2026.The company confirmed that the Final Dividend will be payable to shareholders listed in the register of members as on the Record Date, which is set for August 18, 2026. Shareholders can expect the payment to be made on or before September 10, 2026.
Tax Deduction at Source (TDS) Provisions
The company issued a comprehensive communication detailing the TDS requirements, noting that dividend paid by companies on or after April 1, 2020, is taxable in the hands of shareholders as per the revised provisions of the Income-tax Act, 2025.Shareholders were informed about specific withholding tax rates based on their residential status and documentation provided. The rules vary for Resident and Non-Resident shareholders.
For resident shareholders, the applicable TDS rate depends on criteria such as having a valid PAN updated in the company's register of members:
| Particular | Rate of Deduction of Tax at Source | Documents Required (if any) |
|---|---|---|
| Valid PAN updated in Company’s Register of Members | 10% | No document required (if no exemption is sought). |
| No PAN/Valid PAN not updated or PAN not linked with Aadhaar | 20% | No document required (if no exemption is sought). |
| Submission of Form 121 | Nil | Declaration in Form No. 121, fulfilling certain conditions. |
A strict note was issued that tax would be deducted at a higher rate of 20% if valid PAN details were not recorded. Furthermore, for resident individual shareholders, the company confirmed that no withholding of tax is applicable if the dividend payable to them in Tax Year (TY) 2026-27 is less than ₹10,000 per annum.
Non-Resident Shareholder Requirements
For non-resident shareholders, the TDS rate depends on documentation furnished to the company.| Particular | Rate of Deduction of Tax at Source |
|---|---|
| Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI) | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial |
| Availability of Lower / NIL tax deduction certificate issued by Income Tax Department | Rate specified in the Certificate/ Order |
The company emphasized that the application of a beneficial Double Taxation Avoidance Agreement (DTAA) rate depends on the completeness of the documents submitted by the non-resident shareholder.
Shareholders were instructed to submit all necessary tax-related documents, such as Form 121 or other specific documentation pertaining to their status, via the designated online portal before the cut-off date of August 18, 2026, at 5:00 P.M. (IST).
ROUTE Stock Price Movement
Shares of Route Mobile Limited slipped by 0.23% as the stock closed today, settling at ₹549.3 after trading down ₹1.25. The equity was traded among 494,682 shares during the session.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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