News Corporate Actions Saven Technologies Declares Rs.1.50 Interim Dividend for FY 2025-26 with Detailed TDS GuidelinesSaven Technologies Declares Rs.1.50 Interim Dividend for FY 2025-26 with Detailed TDS Guidelines
Saven Technologies Limited has declared an interim dividend of Rs.1.50 per equity share for FY 2025-26, with record date February 16, 2026 and payment by March 7, 2026. The company has issued detailed TDS guidelines under the Income Tax Act, with no tax deduction for resident individuals receiving aggregate dividends below Rs.10,000 during the financial year. Various withholding tax rates apply to different shareholder categories, ranging from nil to 30% depending on residency status and documentation provided.
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Saven Technologies Limited has announced an interim dividend of Rs.1.50 per equity share for the financial year 2025-26, accompanied by comprehensive guidelines on Tax Deduction at Source (TDS) implications for shareholders.
Dividend Declaration Details
The Board of Directors declared the interim dividend at their meeting held on February 6, 2026, with specific timelines established for shareholder eligibility and payment.
| Parameter: | Details |
|---|---|
| Dividend Amount: | Rs.1.50 per equity share of Re.1 each |
| Record Date: | February 16, 2026 |
| Payment Date: | On or before March 7, 2026 |
| Board Meeting Date: | February 6, 2026 |
| Document Submission Deadline: | February 16, 2026 |
Tax Deduction Framework
Under the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividends paid on or after April 1, 2020, are taxable in shareholders' hands, requiring companies to deduct tax at source during dividend payment.
Key Tax Exemption: No tax will be deducted on dividend payments to resident individual shareholders if the aggregate dividend amount during Financial Year 2025-26 does not exceed Rs.10,000.
Resident Shareholders Tax Structure
For resident shareholders other than individuals receiving aggregate dividends not exceeding Rs.10,000 during FY 2025-26, the withholding tax rates vary based on PAN status and exemption categories.
| Category: | Tax Rate | Requirements |
|---|---|---|
| Valid PAN holders: | 10% | Valid PAN with Depository/RTA |
| No/Invalid PAN: | 20% | No valid PAN documentation |
| Lower tax certificate holders: | As per certificate | Copy of PAN and lower tax certificate |
Nil Tax Deduction Categories
Several resident shareholder categories qualify for nil tax deduction upon submitting appropriate documentation:
- Individuals furnishing Form 15G (below 60 years) or Form 15H (60 years and above)
- Entities exempt under section 194 (LIC, GIC, Business Trusts)
- Government entities, RBI, specified mutual funds under section 196
- Category I and II Alternative Investment Funds
- Other entities exempt under section 197A provisions
Non-Resident Shareholders Framework
Non-resident shareholders face varying withholding tax rates depending on their category and treaty benefits eligibility.
| Shareholder Type: | Tax Rate | Key Requirements |
|---|---|---|
| FIIs/FPIs: | 20% or treaty rate (whichever beneficial) | PAN, Tax Residency Certificate, Form 10F |
| AIF Category III (IFSC): | 10% | PAN, entity nature declaration |
| Other non-residents: | 20% or treaty rate (whichever beneficial) | Comprehensive documentation |
| Notified Jurisdictional Area residents: | 30% | No documentation required |
| Sovereign Wealth/Pension Funds: | NIL | Government notification compliance |
Documentation and Compliance Requirements
Shareholders must submit required documents by February 16, 2026, to xlfield@gmail.com for appropriate tax rate determination. The company reserves the right to independently verify shareholder details and apply higher tax rates if documentation is incomplete or inconsistent.
Critical Compliance Notes:
- Higher TDS rates under section 206AB apply to "specified persons"
- Non-resident shareholders must provide No Permanent Establishment declarations
- All submitted documents undergo company review and verification
- Tax certificates will be issued electronically post-dividend payment
Administrative Details
Shareholders are advised to update their KYC data including PAN number, email address, mobile number, and bank account details with the company's Registrar & Transfer Agent. The company will issue soft copies of TDS certificates through registered email addresses, with tax credit statements available on the Income Tax Department's website.
For queries regarding tax documentation and dividend-related matters, shareholders may contact the company's RTA at xlfield@gmail.com or the investor relations team at investorrelations@saven.in .
Historical Stock Returns for Saven Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.27% | -9.07% | +2.58% | -3.53% | -16.29% | +16.20% |
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