International Conveyors Ltd. Recommends Dividend of ₹0.50/Share; AGM on Sep 24
International Conveyors Ltd. recommended a dividend of ₹0.50 per share for FY26. The dividend is subject to shareholder approval at the AGM on September 24, 2026. Tax Deducted at Source (TDS) will apply as per the Income Tax Act, 2025. Shareholders must submit updated KYC and tax documents by September 17, 2026.
The dividend announcement itself is a positive factor for shareholders. However, the detailed information on TDS and compliance requirements, including deadlines, adds a layer of administrative importance that affects all shareholders, making the impact medium.
The announcement is largely procedural, detailing the process and tax implications for dividend distribution. While a dividend is a positive sign, the focus on TDS and compliance requirements balances the sentiment.
International Conveyors Limited (ICL) has announced its recommendation of a dividend of ₹0.50 per equity share (50%) for the financial year ended March 31, 2026. This dividend will be subject to approval at the upcoming Annual General Meeting (AGM) scheduled for September 24, 2026.
The company has also informed its shareholders about the deduction of Tax at Source (TDS) applicable on this dividend, in accordance with the Income Tax Act, 2025, as amended by the Finance Act, 2026, effective from April 1, 2026. Dividend payouts will now be taxable in the hands of shareholders.
The Register of Members and Share Transfer Books will be closed from September 18, 2026, to September 24, 2026, inclusive, to determine the eligibility for dividend payment. Payment will be made to members on record as of September 17, 2026. Shareholders are required to update their Know Your Customer (KYC) details, including PAN, bank account information, and nomination, to ensure timely dividend payment and correct TDS application. Specific procedures and documentation requirements for both resident and non-resident shareholders are detailed, with a deadline of September 17, 2026, for submission to avail beneficial tax rates or exemptions.
A plain-language summary of a public exchange filing by International Conveyors Limited. Read the original for the full detail.