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Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ) just unveiled an update.
Muthoot Finance Ltd has declared an interim dividend of Rs 30 per equity share for the financial year 2025-26, payable to shareholders whose names appeared on the record date of April 17, 2026, based on depository and physical share records. The company has issued a detailed communication to investors explaining how tax will be deducted at source on this dividend under the new Income-tax Act, 2025, with rates varying by shareholder residency status and documentation, signaling an administrative shift for investors as the updated tax framework takes effect.
Resident shareholders will see different TDS treatment depending on whether their aggregate dividend income exceeds Rs 10,000 in the tax year and whether a valid PAN and residency details are properly updated with depositories or the registrar. By clarifying these rules in advance, Muthoot aims to smooth compliance for shareholders and ensure accurate tax withholding, reducing the risk of disputes or delays in dividend receipt as the industry adapts to the new tax law regime.
More about Muthoot Finance Ltd
Muthoot Finance Ltd is a non-banking financial company based in Kochi, primarily engaged in lending against gold and offering other retail financial services to individual and small business customers across India. Its shares are listed on major Indian exchanges, providing investors with regular income through periodic dividend payouts.
Average Trading Volume: 39,749
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1418B INR
Find detailed analytics on MUTHOOTFIN stock on TipRanks’ Stock Analysis page.