News Corporate Actions AK Capital Services Declares INR 22 Second Interim Dividend for FY26 with Record Date February 24, 2026AK Capital Services Declares INR 22 Second Interim Dividend for FY26 with Record Date February 24, 2026
AK Capital Services Limited declared a second interim dividend of INR 22 per equity share for FY26, with record date February 24, 2026, and payment by March 6, 2026. The company issued detailed TDS guidelines with rates ranging from nil to 20% based on shareholder categories and documentation. All payments will be made electronically as per SEBI regulations, requiring updated bank details from shareholders.
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AK Capital Services Limited has announced its second interim dividend for the financial year 2025-26, providing shareholders with detailed information about tax implications and payment procedures. The company's Board of Directors declared the dividend on February 7, 2026, with specific guidelines for different categories of shareholders.
Dividend Declaration Details
The Board of Directors declared an interim dividend at their meeting held on February 7, 2026. Key details of the dividend announcement include:
| Parameter: | Details |
|---|---|
| Dividend Amount: | INR 22 per equity share |
| Face Value: | INR 10 per share |
| Record Date: | February 24, 2026 |
| Payment Deadline: | March 6, 2026 |
| Payment Mode: | Electronic transfer only |
The dividend will be payable to shareholders whose names appear in the records of the depositories as beneficial owners at the close of business hours on the record date. Payment will be completed within 30 days from the declaration date through various online modes to shareholders who have updated their bank account details.
Electronic Payment Requirements
As per SEBI LODR Regulations, all listed companies must pay dividends exclusively through electronic means, eliminating physical warrants or cheques. Shareholders must ensure their bank account details are updated:
- Demat shares: Update details with Depository Participant
- Physical shares: Update with MUFG Intime India Private Limited along with PAN, mobile number, email ID, bank details, specimen signature, and nomination
Tax Deduction Guidelines for Resident Shareholders
The company has outlined comprehensive TDS rates based on shareholder categories and documentation:
| Category: | TDS Rate | Requirements |
|---|---|---|
| Valid PAN holders: | 10% | Updated PAN with DP/RTA |
| No/Invalid PAN: | 20% | N.A. |
| Lower TDS certificate: | As per certificate | Copy of PAN and certificate |
| Individual (dividend ≤ INR 10,000): | Nil | N.A. |
Nil TDS Categories
Several categories of resident shareholders can avail nil TDS by submitting appropriate documentation:
- Resident individuals submitting valid Form 15G (below 60 years) or Form 15H (60 years and above)
- Entities exempt under Section 194 (LIC, GIC, Business Trusts)
- Government entities, RBI, Mutual Funds under Section 196
- Category I and II Alternative Investment Funds
Non-Resident Shareholder Provisions
Non-resident shareholders face different TDS rates based on their status:
| Shareholder Type: | TDS Rate | Documentation Required |
|---|---|---|
| General NRI/FII/FPI: | 20% or treaty rate | PAN, Tax Residency Certificate, Form 10F |
| AIF Category III (IFSC): | 10% | PAN, Self-declaration |
| Sovereign Wealth/Pension Funds: | Nil | Government notification, Self-declaration |
Compliance and Documentation
Shareholders must submit required documents to investortaxdeclarations@akgroup.co.in by February 24, 2026, before 6:00 PM IST. The company reserves the right to reject incomplete or discrepant documents. Shareholders are responsible for any tax demands arising from misrepresentation and must indemnify the company accordingly.
All TDS deducted will reflect in shareholders' Form 26AS, downloadable from the e-filing portal. The company will not refund excess TDS deducted due to missing documentation, with shareholders required to claim refunds through income tax returns.
Source:
Historical Stock Returns for AK Capital Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.56% | +5.61% | +13.88% | +42.04% | +45.91% | +365.15% |
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