Quess Corp sets Aug 7 record date for ₹3 final dividend
Quess Corp Limited announced the record date for its FY26 final dividend of ₹3 per share, set for August 07, 2026. The payout is pending shareholder approval at the AGM scheduled for August 25, 2026. A strict deadline of August 14, 2026, applies for TDS document submissions to prevent higher default tax rates.
*this image is generated using AI for illustrative purposes only.
Quess Corp has fixed Friday, August 07, 2026, as the record date for its final dividend of ₹3 per equity share for FY26. This payout, representing 30% of the ₹10 face value, is subject to approval by shareholders at the 19th Annual General Meeting (AGM). The company has set August 14, 2026, as the strict deadline for shareholders to submit documentation for Tax Deducted at Source (TDS) purposes to avoid higher default tax rates.
The Board of Directors recommended the dividend during its meeting on May 04, 2026. The 19th AGM will be held via Video Conference/Other Audio-Visual Means (VC/OAVM) on Tuesday, August 25, 2026, at 03:30 P.M. (IST). Once approved, the dividend will be paid within 30 days in compliance with the Companies Act, 2013 and Regulation 42 of the SEBI Listing Regulations.
Key Dates and Dividend Details
| Event | Date/Detail |
|---|---|
| Record Date | August 07, 2026 |
| Final Dividend Amount | ₹3 per share |
| Dividend Percentage | 30% of face value |
| Face Value | ₹10 per share |
| TDS Document Deadline | August 14, 2026 |
| AGM Date & Time | August 25, 2026, 03:30 PM IST |
| AGM Mode | VC/OAVM |
Under the Income-tax Act, 2025, dividends are taxable in the hands of shareholders. Resident individuals with aggregate dividend income not exceeding ₹10,000 in Tax Year 2026-27 are exempt from TDS. Other residents must provide PAN details linked with Aadhaar; otherwise, the PAN is considered inoperative, triggering a higher 20% TDS rate under Section 397(2). Non-resident shareholders can claim benefits under Double Taxation Avoidance Agreements (DTAA) by submitting Form 41, Tax Residency Certificates, and relevant declarations by the deadline.
Compliance Requirements for Shareholders
To ensure correct tax deduction rates, shareholders must upload required forms via the Registrar and Transfer Agent’s portal (MUFG Intime India Private Limited) by August 14, 2026. Email communications regarding tax documents will not be accepted.
- Resident Individuals: Must update PAN and residential status. Those eligible for nil TDS should submit Form 121.
- Non-Residents: Must provide self-attested PAN, valid Tax Residency Certificate for TY 2026-27 or calendar year 2026, electronically furnished Form 41, and declarations regarding Permanent Establishment status.
- Institutional Investors: Mutual Funds, AIFs, and Insurance Companies must submit self-declarations and registration certificates to claim nil TDS.
The company warned that if shares are held under multiple accounts with a single PAN, the highest applicable tax rate across all statuses will be applied to the entire holding. Physical folio holders without updated KYC details will receive dividends only via electronic mode upon updating their records.
Historical Stock Returns for Quess Corp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.48% | +0.90% | +17.47% | +73.57% | +27.64% | -57.79% |
How might the 30% dividend payout ratio impact Quess Corp's future capital allocation strategies and reinvestment capacity for FY27?
What are the potential market reactions if shareholder approval at the AGM on August 25, 2026, is delayed or contested?
Could the strict TDS compliance deadlines and higher default tax rates lead to increased administrative costs or reduced net yields for institutional investors?
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