News Corporate Actions Mobavenue AI Tech Limited Declares 5% Interim Dividend with Record Date February 20, 2026Mobavenue AI Tech Limited Declares 5% Interim Dividend with Record Date February 20, 2026
Mobavenue AI Tech Limited has declared a 5% interim dividend of Rs. 0.50 per equity share for FY 2025-26, with record date February 20, 2026. The company has issued comprehensive TDS guidelines for resident shareholders (10% with valid PAN, 20% without PAN) and non-resident shareholders (20% standard rate, with DTAA benefits available). All required documentation must be submitted by February 20, 2026, by 5:00 p.m. IST to ensure appropriate tax deduction rates.
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Mobavenue AI Tech Limited has announced an interim dividend for its shareholders, along with detailed guidelines on tax deduction provisions. The company, formerly known as Lucent Industries Limited, communicated this development to BSE Limited on February 12, 2026.
Interim Dividend Declaration
The Board of Directors of Mobavenue AI Tech Limited, at their meeting held on February 11, 2026, declared an interim dividend for the financial year 2025-2026. The dividend details are structured as follows:
| Parameter: | Details |
|---|---|
| Dividend Rate: | 5% |
| Amount per Share: | Rs. 0.50 |
| Face Value: | Rs. 10.00 per equity share |
| Record Date: | February 20, 2026 |
| Document Submission Deadline: | February 20, 2026, by 5:00 p.m. IST |
The dividend will be paid to shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners as at the close of business hours on the record date.
TDS Provisions for Resident Shareholders
In accordance with the Income Tax Act, 1961, as amended by the Finance Act, 2020, the company is required to deduct TDS from dividend payments. For resident shareholders, the TDS structure varies based on PAN availability and other conditions:
| Condition: | TDS Rate |
|---|---|
| Valid PAN available: | 10% |
| No PAN or invalid PAN: | 20% |
| Dividend below Rs. 10,000 (with valid PAN): | Nil |
| Form 15G/15H submitted (eligible cases): | Nil |
Resident individual shareholders may be exempt from TDS if their aggregate dividend for financial year 2025-26 does not exceed INR 10,000, or if they provide duly signed Form 15G or Form 15H meeting all prescribed eligibility conditions.
TDS Provisions for Non-Resident Shareholders
Non-resident shareholders face different TDS rates and documentation requirements:
| Category: | TDS Rate |
|---|---|
| Standard rate: | 20% (plus applicable surcharge and cess) |
| DTAA benefits (with proper documentation): | Beneficial treaty rate |
| Incomplete documentation: | 20% (plus applicable surcharge and cess) |
To avail Double Tax Avoidance Treaty (DTAA) benefits, non-resident shareholders must provide:
- Self-attested copy of Permanent Account Number (PAN)
- Tax Residency Certificate (TRC) for Financial Year 2025-26
- Completed and signed Self-Declaration in Form 10F
- Self-declaration of having no Permanent Establishment in India
- Self-declaration of Beneficial ownership
Documentation and Compliance Requirements
Shareholders must submit all required documents to compliance@mobavenue.ai on or before February 20, 2026. The company emphasizes that incomplete, unsigned, or late submissions will not be entertained. Key requirements include:
- KYC Updates: Shareholders holding dematerialized shares should update records through their depository participants
- Physical Share Holders: Must update details with Satellite Corporate Services Private Ltd. (RTA)
- Bank Details: Electronic payment mandatory for physical shareholders as per SEBI regulations effective April 1, 2024
- Multiple Folios: Higher applicable tax rate will apply across all holdings under a single PAN
Payment and Processing Details
The company will rely on data shared by the Registrar and Transfer Agent (RTA) as on the record date for TDS purposes. Shareholders holding shares in physical form must ensure their bank account details are updated with the RTA to facilitate direct credit of dividends, as SEBI has mandated electronic payment mode only for dividend distribution.
Shareholders who face higher TDS deduction due to incomplete documentation retain the option to file income tax returns and claim appropriate refunds if eligible. The company has made all relevant information and forms available on its website at www.mobavenue.ai .
Historical Stock Returns for Mobavenue AI Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.24% | +21.63% | +20.71% | +30.68% | +135.54% | +11,966.05% |
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