🏢 About Oracle Financial Services Software Limited (OFSS):
Oracle Financial Services Software Limited (OFSS), headquartered in Mumbai, Maharashtra, India, is a leading provider of IT solutions to the financial services industry globally. It operates as a subsidiary of Oracle Corporation and delivers deep domain expertise with innovative technology solutions across banking, capital markets, insurance, and financial services.
✍️ Detailed Content:
Oracle Financial Services Software Limited (OFSS) has announced an interim dividend of ₹265 per equity share of ₹5 face value for the Financial Year 2024–25. Shareholders whose names appear in the Company’s Register of Members as of May 8, 2025 (Record Date), will be eligible for this dividend. The Company emphasized that dividend income will attract Tax Deducted at Source (TDS) based on each shareholder’s status and documentation compliance as per the Income Tax Act, 1961.
Resident shareholders like mutual funds, government entities, and registered insurance companies with proper documentation will enjoy zero TDS. Individual resident shareholders may get an exemption if their total dividend income is below ₹10,000 or by submitting Form 15G/15H. Non-resident shareholders, including FIIs and FPIs, will face a standard 20% TDS rate unless they submit specific tax documentation to avail lower rates under applicable tax treaties.
The communication also instructs shareholders to update their PAN, residential status, and contact/bank details to avoid higher TDS deductions (up to 20%). Shareholders must act by May 7, 2025, by uploading required documents at KFin Technologies’ portal or physically sending them to the RTA office.
Importantly, OFSS highlights that this notice is not a substitute for professional tax advice. Shareholders are encouraged to consult tax advisors for personalized guidance.
📋 Summary::
🔹 Dividend Declared: ₹265 per equity share (₹5 face value) for FY 2024–25.
🔹 Eligibility: Shareholders listed by business close on May 8, 2025.
🔹 TDS Applicability:
➔ Resident shareholders: Varies from 0% to 10%.
➔ Non-resident shareholders: Typically 20%, subject to DTAA relief.
🔹 Key Documents Required:
✔️ Valid PAN
✔️ Residential status update
✔️ Bank details and mobile number
✔️ Tax declarations like 15G/15H or Lower Deduction Certificates.
🔹 Submission Deadline: Before 6:00 PM IST, May 7, 2025.
🔹 Mode of Submission: Upload on KFin Technologies portal OR physical delivery to RTA.
🔹 Consequences of Non-Compliance: 20% TDS deduction.
🔹 Important Reminder: Seek advice from tax professionals — this is not legal tax advice.
📈 Effect on Share Market:
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Positive Sentiment: The high interim dividend shows OFSS’s strong profitability and cash reserves, likely boosting short-term share price.
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Long-Term Impact: Could attract dividend-focused investors, improving demand for OFSS stock.
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Minor Risk: Higher TDS confusion or compliance delays may cause minor selling pressure among non-resident or retail investors.
🛒 How It Helps Retail Traders:
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🎯 Immediate Gain: Eligible retail investors will directly benefit from the high dividend payout.
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📚 Knowledge Empowerment: Educates traders on TDS compliance — a key financial literacy aspect.
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💡 Better Planning: Helps retail traders plan tax-saving strategies using Forms 15G/15H.
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🚀 Market Confidence: Reinforces OFSS’s reputation as a financially healthy investment.
💬 Engaging Phrase for Users:
“Secure your dividend with ease! 🛡️ Stay compliant and enjoy your well-deserved returns — act now before May 7th!”
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
