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

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































