Ashika Global Securities outlines TDS norms for ₹0.50 per share dividend

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Jubin VScanX News Team
Key Highlights
  • Ashika Global Securities recommended a final dividend of Re. 0.50 per share for FY26
  • Shareholders must submit TDS exemption documents by September 12, 2026, to claim lower rates
  • Resident individuals can claim nil TDS via Form 121 if eligible; standard rate is 10% above ₹10,000
  • Non-residents can avail DTAA benefits by submitting Form 41 and Tax Residency Certificate
  • Physical shareholders must update KYC with RTA; demat holders with depository participants
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Ashika Global Securities Limited has issued a detailed communication to shareholders regarding the deduction of tax at source (TDS) on its recommended final dividend of Re. 0.50 per equity share for the financial year ended March 31, 2026. The company will conduct its 33rd Annual General Meeting on September 19, 2026, where the dividend is expected to be approved.

Dividend and Record Date

The Board of Directors recommended the final dividend of Re. 0.50 per equity share of face value ₹10 each. The record date for determining shareholder eligibility is September 12, 2026. Dividend payments are expected within October 18, 2026, subject to shareholder approval and applicable TDS regulations under the Income Tax Act, 2025.

E-Voting and Book Closure

Shareholders can exercise voting rights via remote e-voting from September 5, 2026, at 9:00 am until September 9, 2026, at 5:00 pm. The cut-off date for voting eligibility is September 12, 2026. The Register of Members and Share Transfer Books will remain closed from September 13, 2026, to September 19, 2026, inclusive.

Key Dates Details
AGM Date September 19, 2026
Record Date September 12, 2026
Remote E-Voting Start September 5, 2026, 9:00 am
Remote E-Voting End September 9, 2026, 5:00 pm
Book Closure Period September 13–19, 2026

TDS and KYC Requirements

In compliance with the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders. The company will deduct TDS at prescribed rates unless shareholders submit valid documentation to claim exemptions or lower rates. All documents must be submitted by 5:00 pm on Saturday, September 12, 2026. Links for submission will be disabled after this deadline.

For Resident Members

Residents can avoid TDS or pay lower rates by submitting specific forms:

  • No TDS: Applicable if aggregate dividend does not exceed ₹10,000 in the financial year.
  • 10% TDS: Applies if dividend exceeds ₹10,000 and PAN is valid and updated.
  • 20% TDS: Applies if PAN is missing, invalid, or not linked with Aadhaar.
  • NIL TDS via Form 121: Individuals (including those aged 60+) can submit Form 121 to claim exemption if conditions are met.
  • Other Exemptions: Mutual funds, insurance companies, AIFs, and NPS trusts can claim NIL TDS by submitting self-declarations and relevant registration certificates.

Shareholders holding shares in physical mode must update KYC details with the Registrar and Transfer Agent, M/s. Maheshwari Datamatics Pvt. Ltd., by submitting Forms ISR-1, ISR-2, and Choice of Nomination along with a cancelled cheque. Demat holders must update bank details with their Depository Participants.

For Non-Resident Members

  • Standard Rate: TDS is deducted at 20% plus applicable surcharge and cess.
  • DTAA Benefits: Non-residents can avail lower tax rates under Double Tax Avoidance Agreements (DTAA) by submitting Form 41, Tax Residency Certificate (TRC), and other required documents. The company reserves the right to review documents before applying beneficial rates.
  • Higher Rate: A rate of 30% plus surcharge and cess applies to residents of Notified Jurisdictional Areas.

Members holding shares under multiple accounts with a single PAN will be taxed at the higher applicable rate across all holdings. Joint shareholders must have the first-named holder submit the requisite documents.

Historical Stock Returns for Ashika Global Securities

1 Day5 Days1 Month6 Months1 Year5 Years
+1.13%-3.21%-2.81%0.0%0.0%0.0%

How might the strict TDS compliance deadlines and KYC requirements impact shareholder participation rates in the upcoming AGM?

Could the relatively modest dividend payout of Re. 0.50 per share signal a strategic shift towards capital retention for future growth initiatives?

What are the potential market reactions if the dividend proposal faces significant dissent during the e-voting period?

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Ashika Global Securities files Q1FY27 investor presentation

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Reviewed by
Suketu GScanX News Team
Key Highlights

Ashika Global Securities Limited filed its Q1FY27 investor presentation with BSE on August 1, 2026, complying with SEBI Regulation 30. The deck outlines key business segments: broking, investment banking, AIF, family office services, and NBFC operations. It also lists associated brands like Amsec, Axis Capital, and ICICIdirect.com. No specific financial results were included in this structural overview.

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Ashika Global Securities Limited (formerly Ashika Credit Capital Limited) Ashika Global Securities Limited submitted its investor presentation for the quarter ended June 30, 2026, to the Bombay Stock Exchange on August 1, 2026. The filing provides an overview of the company’s diversified business verticals, including broking services, investment banking, alternative investment funds (AIF), global family office services, and non-banking financial company (NBFC) operations. This disclosure ensures transparency regarding the firm’s strategic positioning and segmental focus for stakeholders.

The submission was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anju Mundhra, Company Secretary & Compliance Officer (FCS 6686), digitally signed the communication addressed to the General Manager of the Department of Corporate Service at BSE Ltd. The document serves as a record of the company’s updated corporate narrative and business model articulation for the first quarter of FY27.

Business Segments Overview

The investor presentation details five core pillars of Ashika Global Securities’ operations. These segments reflect the company’s integrated approach to financial services:

Business Vertical Key Activities
Broking Services Retail and institutional brokerage
Investment Banking Merchant banking activities
Alternative Investment Funds AIF management
Global Family Office Wealth management services
Non-Banking Financial Company Lending and financial services

Associated Brands and Entities

The presentation lists several associated brands and entities under the Ashika Group umbrella, highlighting the breadth of its market presence. These include Brokerage, Amsec, Avendus Sparks, Axis Capital, Axis Securities, B&K Securities, Elara Capital, ICICIdirect.com, IDBI Capital Market, Investec Capital, Macquarie, Prabhudas Lilladher, and Nomura. This list suggests a broad network of partnerships or subsidiaries through which the group delivers its financial products.

Corporate Governance and Contact Details

The filing confirms the company’s registered office at Trinity, 226/1, A.J.C. Bose Road, Kolkata, and its corporate office at Altimus, Level 35, Dr. G. M. Bhosle Marg, Worli, Mumbai. The Company Secretary, Anju Mundhra, remains the primary point of contact for compliance matters, underscoring the formal adherence to regulatory disclosure norms. The presentation does not include specific financial performance metrics such as revenue or net profit figures in the provided excerpt, focusing instead on structural and operational overview.

Historical Stock Returns for Ashika Global Securities

1 Day5 Days1 Month6 Months1 Year5 Years
+1.13%-3.21%-2.81%0.0%0.0%0.0%

How will the integration of the NBFC lending arm with the broking services impact Ashika Global's cross-selling opportunities and overall revenue mix in FY27?

Given the extensive list of associated brands like Nomura and ICICIdirect, what is the strategic rationale behind these partnerships, and do they represent equity stakes or mere distribution agreements?

What specific regulatory hurdles or capital requirements might the Alternative Investment Funds (AIF) segment face as SEBI tightens compliance norms for fund managers?

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