360 ONE WAM Declares Interim Dividend of ₹6, Tax Withholding Details Provided
360 ONE WAM declared its first interim dividend of ₹6 per equity share for FY2026-27. The Board approved this on April 21, 2026. Shareholders must update bank details by April 27, 2026. Tax will be withheld as per the Income-tax Act, 2025, with varying rates for resident and non-resident shareholders.
The declaration of an interim dividend is a positive financial event for shareholders. However, the primary focus of the announcement is on the tax implications and procedural requirements for shareholders, which affects all dividend recipients.
The announcement is a standard communication regarding dividend declaration and tax implications, which is a routine corporate action. It does not contain any exceptionally positive or negative news.
360 ONE WAM LIMITED announced its first interim dividend for the financial year 2026-27, amounting to ₹6 per equity share of face value ₹1. The Board of Directors declared this dividend at a meeting held on April 21, 2026.
The company has issued a communication to its equity shareholders regarding the withholding of taxes on this dividend, as per the Income-tax Act, 2025, effective from April 1, 2026. The tax withholding rate will vary based on the shareholder's residential status and submitted documentation.
Shareholders are requested to ensure their bank details are updated by the Record Date, April 27, 2026, to facilitate electronic payment of the dividend. Dividend warrants or cheques will not be issued to shareholders who have not updated their bank account details.
For resident shareholders, tax will not be deducted if the total dividend in a tax year does not exceed ₹10,000. For dividends exceeding this amount, specific rates apply based on whether PAN is provided (10%) or not (20%). Failure to link PAN with Aadhaar may result in a 20% tax deduction. Shareholders can submit specific forms like Form 121 or a lower withholding tax certificate to avail benefits. Insurance companies, mutual funds, and Alternative Investment Funds (AIFs) have specific NIL tax deduction conditions.
Non-resident shareholders will be subject to a 20% tax rate or the Tax Treaty Rate, whichever is lower. To avail the Tax Treaty rate, non-residents must provide a copy of their Indian PAN (if available), a valid Tax Residency Certificate (TRC), and Form 41. Shareholders are advised to upload all requisite forms and documents on the dedicated MUFG Intime India Private Limited portal by April 27, 2026, to enable the company to determine appropriate TDS rates. The company will not be responsible for higher tax deductions if documents are not submitted within the stipulated timeline. Shareholders can claim a refund in their income tax return if tax is deducted at a higher rate.
What to do with a filing like this
360 ONE WAM LIMITED filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by 360 ONE WAM LIMITED. Read the original for the full detail.