Modison Limited has issued an e-notice to its shareholders detailing the procedures for Tax Deducted at Source (TDS) on any dividends declared and payable during the financial year 2026-27. The notice outlines the formalities shareholders must complete to ensure correct tax deduction. Shareholders are advised to carefully review the e-notice and complete the requisite formalities within the prescribed timelines. A specimen copy of the e-notice is enclosed for reference. The information is also available on the company's website at https://www.modisonltd.com/investors/modison-tds-forms. Separately, the Board of Directors, in a meeting held on May 22, 2026, declared a final dividend of ₹3 per equity share of ₹1 each (300%) for the Financial Year 2025-26. This dividend is payable subject to shareholder approval at the upcoming Annual General Meeting (AGM), scheduled for Tuesday, July 21, 2026, at 5:30 p.m. IST. The notice provides detailed information on TDS applicability for both resident and non-resident shareholders, including various forms and documentation required to claim exemptions or reduced tax rates. Specific procedures are outlined for individuals, insurance companies, mutual funds, AIFs, other resident entities, and non-resident shareholders, referencing sections of the Indian Income Tax Act, 2025. Shareholders are urged to submit necessary documents by July 17, 2026, to ensure correct TDS determination. The company also emphasizes the mandatory requirement of a valid PAN for all shareholders.
