NELCO Limited (NELCO) — Board Meeting Announcement
Nelco Limited announced a recommended dividend of Rs. 1 per equity share (10%) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The company clarified that dividends are taxable in shareholders' hands and must deduct TDS at source as per the Income Tax Act 2025. Resident shareholders may qualify for nil TDS if total dividends are under Rs. 10,000 and they submit Form 121, while non-residents must provide specific documents by June 10, 2026, to claim treaty benefits or lower rates. Failure to submit documents will result in a 20% TDS withholding. Dividend payments will be made electronically only.
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About NELCO Limited (NELCO)
Information Technology · IT - Hardware · Listed on NSE
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