Uno Minda Recommends Final Dividend of Rs. 1.75 Per Equity Share for FY 2026

Uno Minda Recommends Final Dividend of Rs. 1.75 Per Equity Share for FY 2026​

Uno Minda Limited announced the recommendation of a final dividend of Rs. 1.75 per equity share for the Financial Year ended March 31, 2026. The recommendation was made by the Board of Directors during a meeting held on May 16, 2026. The dividend is subject to approval by the company's shareholders at the ensuing Annual General Meeting.

The company confirmed that the dividend payment structure and associated tax deductions comply with the transition from the Income Tax Act, 1961 to the Income Tax Act, 2025. Under the new legislation, any dividend paid or distributed by the company after April 1, 2020, is taxable in the hands of the shareholders, necessitating the deduction of tax at source (TDS) at prescribed rates.

The final dividend of Rs. 1.75 per equity share represents a rate of 87.50% on the face value of Rs. 2 each. The dividend will be paid to members whose names appear on the 'Record Date' fixed as Friday, May 29, 2026. Eligibility for payment extends to beneficial owners holding shares in demat form and members listed on the company's Register of Members.

TDS Requirements for Shareholders​

The company provided detailed guidelines regarding TDS, noting that the rates depend on the residential status of the shareholder and the documentation provided.

Resident Shareholders (India)​

For resident individual shareholders, TDS rates are tiered based on the amount received:

• If the dividend received in a financial year exceeds Rs. 10,000, the entire dividend will be subject to TDS @ 10%. This rate is applicable if the shareholder has updated a valid Permanent Account Number (PAN) with the depository or Registrar and Transfer Agent (RTA).
• If the PAN is not updated, the TDS rate applied will be 20%.
• For non-individual resident shareholders, the entire dividend is subject to TDS without a threshold limit. The rate will be 10% if a valid PAN is provided, otherwise it will be 20%.

Non-Resident Shareholders​

For all non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), the standard rate of withholding tax is 20% (plus applicable surcharge and cess) under the Indian Income Tax Act, 2025.

However, non-resident shareholders can claim tax treaty benefits if the tax rate provided in the applicable tax treaty is more favorable. To avail these benefits, specific documentation must be submitted, including:

• Tax Residency Certificate for FY 2026-27 (obtained from the relevant tax authorities).
• Form No. 41 for FY 2026-27.
• A self-declaration of beneficial ownership and confirming no Permanent Establishment (PE) in India.

Surcharge rates for non-resident individuals, HUF, AOP, B01, FIIs, and FPIs are detailed below, with a 4% cess applicable in addition to tax and surcharge.


Surcharge rates for non-resident companies are:

Summary of Tax Deduction​

The net dividend payout will proceed after deducting TDS based on the following guidelines:

• Resident Individual Shareholders: NIL if receiving a dividend up to Rs. 10,000 or submitting Form 121 along with a self-attested PAN card. 10% if a copy of the PAN card is provided. 20% if the copy of the PAN card is not provided or not available.
• Non-Resident Shareholders: 20% plus applicable surcharge and cess if required documents are not submitted. Alternatively, lower or NIL TDS may apply upon submission of the necessary exemption certificates.

The company also stipulated that TDS is not applicable for specific entities, including insurance companies, Mutual Funds specified under Schedule VII of the Income Tax Act, 2025, and Alternative Investment Funds (AIFs) established in India, provided they furnish corresponding self-declarations and registration certificates.

UNOMINDA Stock Price Movement​

On Monday, UNO Minda Limited shares gained 2.86% for the session, settling at ₹1118.5. The stock traded on a volume of 1.33 million shares, navigating a daily range between a low of ₹1099 and a high of ₹1123.6.