Sreeleathers Declares Interim Dividend of ₹1/Share for FY26, Record Date Feb 13
Sreeleathers declared an interim dividend of ₹1 per equity share for FY 2025-26. The record date is February 13, 2026. TDS will be deducted at applicable rates, with exemptions for resident individuals receiving up to ₹10,000 annually. The dividend payment is scheduled on or before February 25, 2026.
The dividend amount is ₹1 per share, which is a routine distribution. While positive, it's unlikely to cause a significant price movement unless it deviates substantially from market expectations or prior dividends.
The declaration of an interim dividend is generally viewed positively by shareholders as it indicates the company's profitability and willingness to distribute profits.
Sreeleathers Limited announced that its Board of Directors, in a meeting held on February 6, 2026, declared an interim dividend of ₹1 per equity share of ₹10 each for the Financial Year 2025-26. The dividend will be paid to shareholders whose names appear on the company's register of members or as beneficial owners in the depositories, in electronic form, on or before February 13, 2026, which has been fixed as the record date.
The company also informed shareholders about the tax implications of this dividend. As per the Income-tax Act, 1961, dividends paid after April 1, 2020, are taxable in the hands of shareholders. Sreeleathers Limited is required to deduct tax at source (TDS) at the time of payment. For resident shareholders with a valid PAN, the TDS rate is 10%, and without a valid PAN, it is 20%. For non-resident shareholders, the rates are as per the Act or applicable tax treaties. Notably, no TDS is applicable if the dividend payable to resident individual shareholders does not exceed ₹10,000 per annum within a financial year. If the aggregate dividend exceeds ₹10,000, TDS will be calculated on the aggregate amount and deducted from subsequent dividends paid up to March 31, 2026.
Shareholders are advised to submit necessary declarations and documents to determine the applicable TDS rates. These documents should be sent to sreeleathersequity@gmail.com and nichetechpl@nichetechpl.com by 9 PM on February 13, 2026. Forms for various categories of shareholders, including residents, non-residents, individuals, and non-individuals, are available for download. The company will pay the interim dividend on or before February 25, 2026, after deducting the applicable TDS.
What to do with a filing like this
Sreeleathers 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 Sreeleathers Limited. Read the original for the full detail.