- 105283 - Communication To Shareholders On Final Dividend For The Financial Year Ended March 31, 2025 And Deduction Of Tax At Source ("TDS") On Final Dividend
Awaiting price reaction for this filing.
Kirloskar Pneumatic Company Limited (BSE: 505283, NSE: KIRLPNU) has communicated details of its final dividend of Rs. 6.50 per equity share (325% on face value of Rs. 2) for FY ended March 31, 2025, subject to shareholder approval at the upcoming AGM. The Board has fixed Tuesday, July 15, 2025 as the record date to determine eligible shareholders, with dividend payment scheduled on or after July 24, 2025. The filing explains TDS provisions — 10% for resident shareholders (with Form 15G/15H exemptions available), 20% plus surcharge/cess for non-residents, and DTAA benefits subject to documentation. Shareholders must submit required forms (15G/15H, 10F, TRC, declarations) by July 15, 2025 to claim exemptions or lower TDS rates.
Shareholders on the record date (July 15, 2025) will receive Rs. 6.50 per share, but the actual payout will be reduced by TDS unless valid exemption documents are submitted on time. The 325% dividend on face value reflects a strong payout commitment, which is a positive signal for income-focused investors.