20 Microns Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
20MICRONS · price
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Awaiting price reaction for this filing.
20 Microns Limited has sent a routine communication to shareholders explaining how Tax Deduction at Source (TDS) will be applied on the recently declared dividend. The Board, at its May 23, 2025 meeting, had recommended a dividend of Rs.1.25 per equity share (face value Rs.5) for FY2024-25, subject to shareholder approval at the AGM on August 8, 2025. TDS will be deducted at 10% for resident shareholders with a valid PAN, 20% for those without PAN or where PAN is not linked with Aadhaar, and at applicable rates (20% plus surcharge/cess) for non-resident shareholders. GDR holders will face 10% TDS if PAN is provided, else 20%. Shareholders must submit relevant tax forms (15G/15H or exemption declarations) to the Registrar by July 10, 2025, to avoid higher deduction.
This is a procedural tax-deduction notice and not a fresh dividend announcement, so no direct stock-price impact is expected. Shareholders should ensure PAN-Aadhaar linking and submit required forms before the July 10 cut-off to avoid excess TDS; otherwise, they can claim a refund by filing an income tax return.