L&T Technology Services Ltd Board approves dividend of Rs. 7.50

The Board of Directors of L&T Technology Services Ltd have declared an Interim Dividend of Rs. 7.50/- per equity share. The Interim Dividend shall be paid to equity shareholders of the Company whose names will appear in the Register of Members or in the records of the Depositories as Beneficial Owners of Equity shares as on Tuesday, October 27, 2020 which is the Record Date fixed for the aforesaid purpose.

Pursuant to Finance Act, 2020, dividend income will be taxable in the hands of the shareholders with effect from April 1, 2020. Hence, the interim dividend declared by Board shall be paid after deducting tax at source ('TDS') in accordance with the provisions of the Income Tax Act, 1961. Members are requested to submit all requisite documents on or before October 26, 2020, to enable the Company to determine the appropriate TDS rates, as applicable.

The Interim Dividend will be paid/dispatched on or before November 10, 2020.

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.1750.55 as compared to the previous close of Rs. 1728.8. The total number of shares traded during the day was 13622 in over 1871 trades.

The stock hit an intraday high of Rs. 1779.8 and intraday low of 1693.95. The net turnover during the day was Rs. 23602849.

Source : Equity Bulls

Keywords