Spacenet Enterprises India Declares Interim Dividend of Rs. 0.01 Per Share for FY 2025-26
Spacenet Enterprises India Limited announced the declaration of an Interim Dividend for the Financial Year (FY) 2025-26. The company's Board of Directors, during a meeting held on May 29, 2026, declared an interim dividend of 1%, amounting to Rs. 0.01 per Equity Share, each having a face value of Rs. 1/-.The Board also set Friday, June 05, 2026, as the Record Date to determine the eligibility of equity shareholders for receiving the interim dividend for FY 2025-26.
The payment of the dividend will be facilitated through the electronic mode of payment facility. The company also noted that shareholders are advised to ensure their Know Your Customer (KYC) details are updated with the Registrar and Share Transfer Agent (RTA) to ensure seamless credit of the dividend to their bank accounts.
Withholding Tax Structure
The dividend payout is subject to tax at source (TDS), with the applicable withholding tax rate varying based on the shareholder's residential status and the documentation submitted.Tax Deduction for Resident Shareholders
For resident shareholders, the tax deduction rate is specified based on the shareholder's PAN status or the availability of specific tax certificates:
| Particulars | Withholding Tax Rate | Declaration/Documents Required |
|---|---|---|
| Valid PAN updated in dematerialized form or RTA in physical form (no exemption sought) | 10% | N.A. |
| No/Invalid PAN in dematerialized form or RTA in physical form (no exemption sought) | 20% | N.A. |
| Availability of lower/nil tax deduction certificate (Income Tax Department u/s 395(1)) | Rate specified in Lower tax withholding certificate obtained from Income Tax Department | Copy of PAN card; Copy of lower tax withholding certificate obtained from Income Tax Department |
The document requirement also includes providing Form 121 for individual shareholders with dividends exceeding Rs 10,000, or self-declarations for categories such as LIC, GIC, Business Trusts (REIT, InVIT), and specific exempt entities.
Tax Deduction for Non-Resident Shareholders
Non-resident shareholders face different tax deduction requirements. The rates and applicable documentation are detailed below:
| Particulars | Withholding Tax Rate | Key Documents Required |
|---|---|---|
| Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial | PAN card (if available); Self-declaration; Tax Residency certificate for FY 2026-27; Digital Form 41. |
| Alternative Investment Fund - Category III (International Financial Services Centre) | 10% (plus applicable surcharge and cess) | PAN card (if available); Self-declaration with adequate documentary evidence. |
| Other Non-resident shareholders | 20% (plus applicable surcharge and cess) or tax treaty rate whichever is beneficial | PAN card (if available); Tax Residency certificate for FY 2026-27; Digital Form 41; Self-declaration regarding permanent establishment/fixed base in India. |
| Non-Resident Shareholders tax residents of Notified Jurisdictional Area | 30% | N/A |
| Sovereign Wealth funds and Pension funds notified by Central Government | NIL | Copy of the notification issued by CBDT substantiating applicability; Self-Declaration. |
| Subsidiary of Abu Dhabi Investment Authority (ADIA) | NIL | Self-Declaration substantiating the fulfilment of conditions specified under Schedule V to Section 11 of the Act. |
In cases where the PAN is not updated or unavailable, a higher rate of withholding tax as per section 397(2) may be applied.
SPCENET Stock Price Movement
On Friday, Spacenet Enterprises India Limited slipped by 2.67% to close at ₹3.70. The stock traded on a volume of 620,234 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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