Banswara Syntex fixes July 23 record date for dividend
Banswara Syntex announced a Re. 1 per share dividend for FY26 with a record date of July 23, 2026. The company detailed TDS rates ranging from 0% to 20% based on shareholder categories and PAN status. Shareholders must submit valid tax documentation by the record date to ensure correct withholding tax.
*this image is generated using AI for illustrative purposes only.
Banswara Syntex has fixed Thursday, July 23, 2026, as the record date to determine shareholder eligibility for a dividend of Re. 1 per equity share. The dividend, recommended by the Board of Directors on May 19, 2026, is subject to approval by shareholders at the Annual General Meeting scheduled for July 30, 2026. The company will pay the dividend within 30 days of the AGM, provided it is approved.
The company has notified shareholders that tax will be deducted at source (TDS) on the dividend distribution in accordance with the Income Tax Act, 2025. The applicable TDS rate will depend on the shareholder's category and the validity of their Permanent Account Number (PAN) details available on the record date. Shareholders are required to ensure their PAN, residential status, and bank mandate details are updated with their depository participants or the company's registrar, Computech Sharecap Limited, by July 23, 2026.
For resident individuals, TDS will be deducted at 10% if a valid PAN is registered. No tax will be deducted if the total dividend amount does not exceed ₹10,000 or if the shareholder submits valid exemption forms such as Form 121. In cases where PAN is invalid, not linked with Aadhaar, or not provided, a higher TDS rate of 20% will be applied under Section 397(2) of the Act.
Resident non-individual shareholders, such as insurance companies and mutual funds, are eligible for nil TDS deduction upon submission of specific documentary evidence and self-declarations confirming their exemption status. Similarly, categories including Alternative Investment Funds (AIF), New Pension System (NPS) Trust, and recognized provident funds must provide relevant registration certificates and declarations to claim exemption.
Non-resident shareholders, including Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI), will face TDS at 20% plus applicable surcharge and cess unless they opt for benefits under a Double Taxation Avoidance Agreement (DTAA). To avail of lower DTAA rates, non-resident shareholders must submit a Tax Residency Certificate (TRC), Form 41, and a self-declaration of no taxable presence in India by the record date.
The company has emphasized that dividends will be paid only through electronic mode. Shareholders holding shares in physical form must register their PAN and KYC details to receive payments. All tax-related documents and forms must be submitted by July 23, 2026, to the company or its registrar; communications received after this date will not be considered for TDS determination.
Historical Stock Returns for Banswara Syntex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.80% | +8.76% | -1.68% | +26.60% | -10.37% | +30.92% |
How might the new Income Tax Act, 2025 provisions impact the net dividend yield for retail investors compared to previous years?
Will the strict TDS and KYC requirements drive a significant acceleration in the dematerialization of remaining physical shareholdings?
Could the administrative burden of submitting Tax Residency Certificates deter foreign portfolio investment in the company leading up to the record date?
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