GOCL Corp recommends ₹30 dividend; AGM on Sep 29, Record Date Sep 22
GOCL Corporation Limited recommended a final dividend of ₹30 per equity share for FY26. The 65th AGM is scheduled for September 29, 2026, with a record date of September 22, 2026. Shareholders must submit tax-related documents by September 22, 2026, to ensure correct TDS deduction.
The dividend announcement is a material event for shareholders. The detailed information on tax deduction procedures and deadlines is crucial for compliance, impacting shareholders' net dividend receipts. The AGM date also provides a timeline for finalization.
The announcement details a dividend recommendation and the associated tax implications, which is a standard corporate action. While the dividend itself is positive, the focus on tax regulations and procedures makes the overall sentiment neutral.
GOCL Corporation Limited announced that its Board of Directors, in a meeting held on May 29, 2026, recommended a final dividend of ₹30 per equity share of face value ₹2 each (1500%) for the financial year ended March 31, 2026. This recommendation is subject to the approval of the shareholders at the upcoming 65th Annual General Meeting (AGM).
The AGM is scheduled to be held on Tuesday, September 29, 2026. The dividend, if approved, will be paid to shareholders whose names appear on the company's register of members as of the record date, which is Tuesday, September 22, 2026.
The company has also issued a communication to shareholders regarding the deduction of tax at source (TDS) on the recommended dividend for the financial year ended March 31, 2026. The dividend will be taxable in the hands of shareholders for Tax Year 2026-27, with TDS rates varying based on residential status, PAN validity, and submitted declarations. Shareholders are required to furnish necessary documents and information by September 22, 2026, 17:00 hours (IST) through the RTA, KFin Technologies Limited, or its online portal to ensure correct TDS deduction.
A plain-language summary of a public exchange filing by GOCL Corporation Limited. Read the original for the full detail.