Finolex Cables: Dividend payment of ₹9 per share subject to shareholder approval
Finolex Cables recommended a dividend of ₹9 per share for FY26. The dividend is subject to shareholder approval at the 58th AGM on 28th September 2026. Shareholders must submit tax-related documents by 4th September 2026. Dividend payment is scheduled for on or before 27th October 2026.
The dividend announcement is material for shareholders. The detailed communication on TDS implications and deadlines impacts shareholders' immediate actions and financial planning related to the dividend payout.
The announcement is a routine communication regarding dividend payment and associated tax deductions. While a dividend recommendation is generally positive, the core of the announcement focuses on procedural compliance and tax regulations, making the sentiment neutral.
Finolex Cables Limited has announced that its Board of Directors, in a meeting held on 28th May 2026, recommended a dividend of 450%, which translates to ₹9 per equity share, for the Financial Year ended 31st March 2026 (2025-26). This dividend is subject to the approval of the shareholders at the upcoming 58th Annual General Meeting (AGM).
The company has also communicated to its shareholders regarding the Tax Deduction at Source (TDS) on this recommended dividend. As per the Income Tax Act, 1961, the dividend to be paid in FY 2025-26 will be taxable in the hands of the shareholders. Finolex Cables has provided detailed information and necessary annexures to shareholders, especially those for whom the company is liable to deduct tax, to ensure compliance with TDS provisions. Shareholders are requested to submit and update necessary details like PAN, residential status, category, and address with the company's Registrar and Share Transfer Agent, KFin Technologies Limited, by 4th September 2026, to ensure appropriate tax deduction.
The dividend, if approved, will be credited or paid on or before 27th October 2026, to shareholders on record as of 4th September 2026. The announcement also outlines specific TDS rates applicable to resident and non-resident shareholders, including provisions for lower or nil deduction certificates and the applicability of Double Tax Avoidance Agreements (DTAA) for non-residents. Shareholders are advised to consult their tax consultants for specific implications.
What to do with a filing like this
Finolex Cables 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.
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See the model portfoliosA plain-language summary of a public exchange filing by Finolex Cables Limited. Read the original for the full detail.