Nexome Capital Markets details TDS provisions for ₹1.50 dividend
Nexome Capital Markets Limited informed shareholders about the TDS implications for the ₹1.50 final dividend for FY26. The record date is July 31, 2026, and the AGM is set for August 11, 2026. The company specified TDS rates for residents and non-residents, noting that tax will be deducted if dividend exceeds ₹10,000 or if PAN is invalid. Shareholders must submit necessary documents by July 31, 2026, to avail lower tax rates.
*this image is generated using AI for illustrative purposes only.
Nexome Capital Markets Limited has communicated the Tax Deduction at Source (TDS) provisions applicable to the final dividend of ₹1.50 per equity share for the financial year ended March 31, 2026. The record date to determine shareholder eligibility for this dividend is Friday, July 31, 2026. The Annual General Meeting (AGM) to approve the dividend is scheduled for August 11, 2026, with the Register of Members closing from August 5, 2026, to August 11, 2026.
The company stated that dividend income is taxable in the hands of shareholders under the Income Tax Act, 2025. Consequently, tax will be deducted at source at prescribed rates. Shareholders must ensure their Permanent Account Number (PAN) and KYC details are updated with the Registrar and Transfer Agents, Maheshwari Datamatics Pvt. Ltd., or their depository participants to avoid higher deduction rates or withholding of payment.
TDS Rates for Resident Members
| Category | Applicable Rate | Key Condition |
|---|---|---|
| Dividend up to ₹10,000 | NIL | Aggregate dividend during the financial year |
| With PAN | 10% | If dividend exceeds ₹10,000 |
| Without PAN/Invalid PAN | 20% | |
| PAN not linked with Aadhaar | 20% | |
| Form 121 / Section 395 Order | NIL / As per Order | Valid declaration/certificate required |
TDS Rates for Non-Resident Members
| Category | Applicable Rate |
|---|---|
| General Non-Resident | 20% + surcharge and cess OR Tax Treaty Rate (whichever is lower) |
| FII / FPI | 20% + surcharge and cess |
To claim beneficial Tax Treaty rates, non-resident shareholders must submit documents such as a Tax Residency Certificate (TRC), Form 10F, and a self-declaration. The company emphasized that it is not obligated to apply beneficial DTAA rates without satisfactory document review. All tax relief documents must be submitted via the specified link by 23:59 hours on July 31, 2026.
Historical Stock Returns for Nexome Capital Markets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -1.24% | +14.18% | +27.42% | +14.27% | +222.62% |
How might the new TDS provisions under the Income Tax Act, 2025, influence Nexome Capital's shareholder retention strategy compared to previous years?
What impact will the strict deadline for tax residency documentation have on foreign institutional investment flows leading up to the record date?
Could the requirement for PAN-Aadhaar linking to avoid higher tax deductions trigger a surge in compliance updates among retail investors?
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