Linc declares ₹1.50 per share final dividend for FY26
Linc Limited recommends a final dividend of ₹1.50 per equity share for FY26. The payout equates to 30% of the ₹5 face value, subject to AGM approval. TDS will be deducted at 10% for residents with dividends over ₹10,000. Non-residents may claim DTAA benefits by submitting Form 41 and TRC. Shareholders must update KYC and tax documents by September 10, 2026.
*this image is generated using AI for illustrative purposes only.
Linc Limited has recommended a final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The Board of Directors approved the payout at its meeting held on May 26, 2026, subject to shareholder approval at the ensuing Annual General Meeting.
The dividend represents a 30% payout on the face value of ₹5 per equity share. Under the provisions of the Income Tax Act, 2025, as amended by the Finance Act, 2026, the dividend is taxable in the hands of members. Consequently, the company will deduct tax at source (TDS) at prescribed rates upon payment.
Tax Deduction and Compliance
The company has mandated that shareholders update their Know Your Customer (KYC) details to facilitate electronic dividend payments, as required by SEBI circulars effective from April 1, 2024. Physical shareholders must submit ISR 1, ISR 2, nomination choices, and bank details to the Registrar and Transfer Agent, Maheshwari Datamatics Pvt. Ltd. Demat holders must ensure their depository participants have updated bank records.
Failure to provide valid Permanent Account Number (PAN) or link Aadhaar with PAN will result in TDS deduction at a higher rate of 20%. Residents with dividends exceeding ₹10,000 will face a standard TDS rate of 10%, unless they submit Form 121 or other exemption certificates.
Key Dates and Rates
| Shareholder Category | Applicable TDS Rate | Key Requirement |
|---|---|---|
| Resident (Dividend ≤ ₹10,000) | NIL | None |
| Resident (Dividend > ₹10,000) with PAN | 10% | Valid PAN linked to Aadhaar |
| Resident without/Invalid PAN | 20% | None |
| Non-Resident (Standard) | 20% + surcharge/cess | PAN/TRC if DTAA benefits claimed |
| Non-Resident (DTAA eligible) | Treaty Rate (if lower) | Form 41, TRC, Self-declaration |
Shareholders holding shares in multiple accounts under a single PAN will be taxed at the highest applicable rate across all holdings. Documents for tax relief must be submitted via the designated portal or through post/courier by September 10, 2026. Submissions received after this deadline will not be considered for lower or nil TDS rates.
What the Numbers Show
The recommended dividend of ₹1.50 on a ₹5 face value indicates a consistent return policy for FY26. However, the strict adherence to the new Income Tax Act provisions means that net proceeds for shareholders will vary significantly based on their tax residency status and documentation compliance. The 20% penalty rate for non-compliance highlights the operational importance of updated KYC records for maximizing post-tax returns.
Historical Stock Returns for Linc
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.17% | -1.75% | -8.90% | -11.47% | -27.01% | +110.99% |
How might the strict September 2026 TDS compliance deadline impact short-term trading volumes for Linc Limited shares?
Will Linc Limited's 30% payout ratio remain sustainable given its projected capital expenditure plans for FY27?
What is the expected timeline for shareholder approval at the AGM, and could any dissenting votes affect the dividend disbursement schedule?
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