Vertoz Limited's board has approved a proposal to raise funds, subject to requisite statutory, regulatory, and shareholder approvals. The company is currently evaluating various alternatives and permissible modes for the fund-raising, which remains at an exploratory stage.

The proposed fund-raising may be undertaken through the issuance of equity shares, fully or partly convertible debentures, non-convertible debentures, warrants, preference shares, convertible preference shares, and/or other equity-linked instruments. Debt securities, convertible debt securities, or any combination thereof may also be considered.

The issuance could occur in one or more tranches through permissible modes including public issue, preferential allotment, private placement (including qualified institutions placement), or any other method permitted under applicable laws.

Upon finalization of the proposal, Vertoz Limited will disclose the requisite details in accordance with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and other applicable regulations.

The board meeting commenced at 5:00 P.M. (IST) and concluded at 6:00 P.M. (IST) on June 16, 2026.

Vertoz Limited has declared an interim dividend of ₹0.10 per equity share of face value ₹10 each for the financial year 2026-2027. The record date for determining eligibility is June 5, 2026. The company has communicated that dividend income is taxable in the hands of shareholders, necessitating Tax Deduction at Source (TDS) compliance under the Income Tax Act, 2025. Shareholders must submit relevant documents by June 4, 2026, to ensure tax is deducted at applicable rates.

The Board of Directors approved the dividend at a meeting held on May 29, 2026. Promoter and Promoter Group shareholders have voluntarily waived their entitlement to receive this dividend. The company stated that this declaration reflects stronger foundations and improving cash flows. The intimation was made pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TDS Guidelines for Shareholders

Vertoz Limited detailed the TDS rates applicable for different shareholder categories. For Indian Resident Individuals, HUFs, and companies, TDS is 10% if the aggregate dividend exceeds ₹10,000, provided a valid PAN is registered. The rate increases to 20% if the PAN is invalid, inoperative, or unavailable. Residents claiming exemption must submit Form 121.

For Non-Resident shareholders, the TDS rate is 20% plus surcharge and cess. Shareholders seeking a lower rate under a tax treaty must provide a valid Tax Residency Certificate and a self-declaration in Form 41. Eligible units in IFSC (Gift City) are exempt from TDS upon furnishing Form 1.

Compliance and Deadlines

Shareholders holding shares in multiple accounts under different statuses linked to a single PAN will be subject to TDS at the higher applicable rate on their aggregate shareholding. The company emphasized that it will rely on details available with the depositories or the Registrar and Transfer Agent, KFin Technologies Limited, for tax classification.

The deadline for submitting documents and declarations to determine the appropriate tax rate is 05:00 pm IST on June 4, 2026. Incomplete or unsigned forms will not be considered. The company will email TDS certificates to registered email IDs post-payment. Shareholders are advised to update bank account details and demat account information to facilitate direct credit and accurate tax deduction.

Dividend Details