The list also includes Bajaj Electricals, Great Eastern Shipping, Divis Laboratories, Jyothy Laboratories, Lovable Lingerie, VST Tillers Tractors and Welspun India.
Tomorrow, on March 11, the board of directors of as many as 51 companies will meet to consider the interim dividend, while on March 12 & March 14 nearly 30 companies will announce an interim dividend for FY2015-16.
The list includes, Bharat Forge, Force Motors, Hindustan Petroleum Corporation, Pidilite Industries, Eicher Motors, Mastek and TVS Motor Company.
In the span of eight days since the Union Budget, as many as 253 companies have called board meetings to declare interim dividends after the government in an unexpected move announced an additional 10% tax for those earning an annual dividend income of more than Rs 10 lakh.
Dividend income received by investors was already taxed through Dividend Distribution Tax.
In the Union Budget 2016-17, the Finance Minister said, "Dividend Distribution Tax (DDT) uniformly applies to all investors irrespective of their income slabs. This is perceived to distort the fairness and progressive nature of taxes. Persons with relatively higher income can bear a higher tax cost."
|Dividend paid in FY15 ( in Rs)|
|Arihant Capital Markets||-||0.75|
|Astral Poly Technik||18/03/2016||0.38|
|Borosil Glass Works||18/03/2016||25.00|
|D B Corp||-||7.75|
|G E Shipping||18/03/2016||11.00|
|Kirloskar Ferrous Inds||-||1.25|
|Mold Tek Packging||21/03/2016||4.00|
|Mold Tek Technologies||21/03/2016||3.50|
|Noida Toll Bridge||18/03/2016||3.00|
|Rico Auto Industries||18/03/2016||3.00|
|S H Kelkar||-||1.13|
|Virat Crane Inds||18/03/2016||1.00|
|VST Tillers Tractors||22/03/2016||15.00|
|ZF Steering Gears||18/03/2016||
|Data compiled by BS Research|