Oracle Financial Services Software has announced a second interim dividend of ₹270 per equity share for the financial year 2025-26. The dividend, declared at the Board of Directors meeting on April 22, 2026, will be distributed to shareholders whose names appear in the company’s register by the close of business on May 7, 2026.
The company has emphasised the importance of updating bank account details with depository participants to facilitate the electronic transfer of the dividend. Shareholders holding shares in physical form must ensure that their Permanent Account Number (PAN), nomination choice, contact details, mobile number, bank account details, and specimen signature are updated with KFin Technologies Limited, the company’s Registrar and Transfer Agent, to receive the dividend electronically.
According to the Income-tax Act, 2025, dividends are taxable in the hands of shareholders, and Oracle Financial Services Software is required to deduct tax at source (TDS) at applicable rates. Shareholders must ensure their PAN is linked with Aadhar to avoid a higher TDS rate of 20% under Section 397(2) of the Act.
The company has outlined specific TDS rates for various shareholder categories, including mutual funds, government entities, alternative investment funds, and insurance companies. Resident shareholders with valid PANs will have TDS deducted at 10%, while those without a valid PAN will face a 20% deduction.
Shareholders are advised to update their residential status, PAN, shareholder category, email address, and residential address with their depository participant or the Registrar and Transfer Agent by the record date to ensure the correct TDS rate is applied.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).