The Anup Engineering Limited has issued a communication to its shareholders regarding Tax Deduction at Source (TDS) on dividend payments. The Board of Directors, in their meeting held on May 28, 2026, recommended a final dividend of ₹12 per equity share for the Financial Year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). As per the Income-tax Act, 1961, dividend income is taxable in the hands of shareholders. The company is required to withhold taxes at prescribed rates at the time of dividend payment, with rates varying based on the shareholder's residential status and submitted documentation. For resident individual shareholders, no tax will be deducted if the total dividend paid during Tax Year 2026-27 does not exceed ₹10,000. Detailed information on withholding tax rates, required declarations, and documents for both resident and non-resident shareholders has been provided. Shareholders are urged to update their KYC data and submit necessary documents by July 31, 2026, to ensure appropriate tax treatment. The company has also made this communication available on its website.
