Mindteck outlines TDS rates for FY26 final dividend of Re. 1

Mindteck (India) Limited has communicated the tax deduction at source (TDS) implications for the final dividend of Re. 1 per equity share recommended for the financial year ended March 31, 2026. The dividend, subject to shareholder approval at the 35th Annual General Meeting on August 13, 2026, will be paid to members on the register as of August 06, 2026. Under the Income Tax Act, 2025, dividends are taxable in the hands of shareholders, requiring the company to deduct TDS upon payment.

The company specified that the TDS rate varies based on the shareholder's residential status and documentation. Resident shareholders with a valid PAN face a 10% deduction, though no tax is deducted if the total dividend payable does not exceed ₹10,000. Those without a valid PAN or with an inoperative PAN due to non-linking with Aadhaar will incur a 20% deduction. Exemptions are available for residents submitting Form 121 or specific certificates, and for entities like mutual funds and insurance companies providing self-declarations.

For non-resident shareholders, the standard TDS rate is 20% plus applicable surcharge and cess, or the beneficial Tax Treaty rate if applicable. To claim treaty benefits, shareholders must submit documents including a self-attested PAN, Tax Residency Certificate, Form 41, and a self-declaration. Non-residents declaring a Permanent Establishment in India are subject to a 35% rate plus surcharge and cess. The company emphasized that tax will be deducted at the higher rate if prescribed documents are incomplete or not submitted.

Shareholders must submit duly completed and signed documents to the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or via email by 11:59 PM IST on August 06, 2026. No communication regarding tax determination will be accepted after this deadline. The company clarified that no claim lies against it for tax deducted at source, and shareholders can claim refunds by filing income tax returns if tax is deducted at a higher rate due to documentation issues.

TDS Rates for Resident Shareholders

Category of Shareholder	Tax Deduction Rate	Documents Required
Resident with valid PAN	10%	Valid PAN with DP or RTA
Resident with Form 121	NIL	Form 121 duly completed and signed
Section 395(1) Certificate	As per certificate	Self-attested copy of certificate
Insurance Companies	NIL	Self-declaration, PAN, IRDAI/LIC/GIC certificate
Mutual Funds	NIL	Self-declaration, PAN, SEBI registration certificate
PAN not linked with Aadhaar	20%	N/A

TDS Rates for Non-Resident Shareholders

Category of Shareholder	Tax Deduction Rate	Documents Required
Non-Resident (including FII/FPI)	20% + surcharge/cess or Treaty rate	PAN, TRC, Form 41, self-declaration
Section 395(1) Certificate	As per certificate	Self-attested copy of certificate
Permanent Establishment in India	35% + surcharge/cess	As per Income Tax Act provisions

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.46%	-6.28%	-14.07%	-13.40%	-0.08%	+102.40%

Mindteck (India) Limited has appointed Ms. Preeti Mohan and Mr. Madhuranath R Konety as Independent Directors for a five-year term following approval from shareholders. The appointments are effective from May 13, 2026, to May 12, 2031, as confirmed through a postal ballot and e-voting process that concluded on July 13, 2026.

The resolutions were passed as special resolutions pursuant to a notice dated June 09, 2026. The voting process was conducted remotely via the e-voting system managed by Central Depositories Services (India) Limited (CDSL), with the scrutinizer's report confirming the requisite majority was secured.

Voting Results

A total of 23,211,361 votes were polled across 95 folios. Both resolutions received overwhelming support from shareholders, with the promoter group and public non-institutions participating actively through e-voting.

Resolution 1: Appointment of Ms. Preeti Mohan

The resolution to appoint Ms. Preeti Mohan (DIN: 07822681) secured 99.9937% of the valid votes cast. The detailed voting breakdown is as follows:

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	20,514,505	0	100	0
Public - Non Institutions	2,695,403	1,453	99.9461	0.0539
Total	23,209,908	1,453	99.9937	0.0063

Resolution 2: Appointment of Mr. Madhuranath R Konety

The resolution to appoint Mr. Madhuranath R Konety (DIN: 02161694) was approved with 99.998% of the valid votes. The voting pattern was:

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	20,514,505	0	100	0
Public - Non Institutions	2,696,403	453	99.9832	0.0168
Total	23,210,908	453	99.998	0.002

Gopalakrishnaraj H H of Gopalakrishnaraj H H & Associates served as the scrutinizer for the postal ballot process. The report was submitted to the company on July 13, 2026, confirming the passage of both resolutions. The results have been made available on the company's website.