Senco Gold Declares Final Dividend of Re. 1 Per Share for FY 2025-26; Details Tax Deduction Procedure
Senco Gold Limited has announced a Final Dividend of Re. 1/- per equity share, which represents 20% against the face value of Rs. 5/- per equity share, for the financial year 2025-26. The declaration was made by the Board of Directors during a meeting held on May 26, 2026.The Record Date for identifying shareholders entitled to receive the Final Dividend has been set as Monday, August 24, 2026.
Tax Deduction at Source (TDS) Mandates
The company outlined comprehensive procedures regarding the Tax Deduction at Source (TDS) on the dividend, emphasizing that TDS must be deducted according to prescribed rates under the Income Tax Act, 2025 (ITA 2025), depending on the residential status and documentation provided by the shareholder. The tax deduction will be applied when the dividend is approved during the upcoming Annual General Meeting.Senco Gold Limited detailed varied TDS rates and requirements for different categories of shareholders, including resident individuals, corporate entities, mutual funds, and non-resident parties.
TDS Requirements Summary
For resident individuals, TDS rates are contingent on their total annual income from dividends in Financial Year 2026-27:| Dividend Income (FY 2026-27) | Applicable Tax Deduction Rate | Requirement for Benefit Claiming |
|---|---|---|
| Up to Rs. 10,000 | NIL | N/A |
| Greater than Rs. 10,000 (with PAN provided) | 10% | PAN documentation verification and adherence to statutory requirements. |
| Greater than Rs. 10,000 (without PAN or if PAN is inoperative) | 20% | N/A |
Specific provisions were detailed for other resident groups:
- Mutual Funds (MF): Applicable rates are NIL or 10%. Required documentation includes a self-declaration confirming their status as specified in Schedule VII of ITA 2025.
- Alternative Investment Fund (AIF): Rates are NIL or 10%, requiring documentary evidence relating to their certification and registration status under relevant regulations.
- Indian Commercial Banks / Corporate Bodies: The applicable TDS rate is 10%.
Non-Resident Shareholder Provisions
For non-resident shareholders, the withholding tax is governed by Section 393(2) of ITA 2025. Shares are subject to a withholding tax rate of 20% plus applicable surcharge and cess, though beneficiaries have options related to international agreements.The TDS rate for non-residents varies based on their status:
| Shareholder Category | Applicable Rate |
|---|---|
| Exempted from Tax Deduction / Designated Bodies | NIL |
| Non-resident Shareholders (FIIs/FPIs) applying DTAA | 20% (plus surcharge and cess) OR Tax Treaty Rate (whichever is lower) |
| Non-resident submitting Section 395(1) Order | Rate provided in the specific Order |
| Notified Jurisdictional Area Residents | 30% (plus applicable surcharge and cess) |
| Sovereign Wealth Fund / Pension Funds | NIL |
Submission of Tax Documents and Deadlines
Shareholders are strongly advised to verify their PAN status and residential status as per the Act. The deadline for submitting all necessary tax-related documents is August 30, 2026.Documents must be sent to the designated RTA email address by the cut-off date. Shareholders holding shares under multiple accounts with different statuses are informed that the higher applicable tax rate will be considered on their entire holdings.
SENCO Stock Price Movement
Senco Gold Limited shares slipped by 2.83% on Friday, closing at ₹341.85 after shedding ₹9.95 from its previous close. The equity finished the trading session well above its intraday low of ₹340.05, as nearly 1.1 million shares were 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.