Max Healthcare Institute Limited has informed the Exchange about Annual General Meeting, Record Date and Communication to members for deduction of tax at source on final dividend
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Max Healthcare has fixed Friday, July 4, 2025 as the record date to determine members eligible for the final dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10) for FY2024-25, recommended by the Board on May 20, 2025. The 24th Annual General Meeting is scheduled for July 30, 2025 via video conference, where shareholders will approve the dividend. The company has sent communications to members explaining the TDS (tax deducted at source) process and the documents required to claim exemptions. Dividend payments will be subject to applicable TDS rates ranging from NIL to 30% depending on the member's residential status and documents submitted by July 10, 2025.
Shareholders who hold Max Healthcare shares by the record date of July 4, 2025 will be eligible to receive the Rs. 1.50 per share final dividend once approved at the AGM. This is a routine procedural update with no material surprise, though investors should review the TDS implications and submit required exemption documents (such as Form 15G/15H) before July 10, 2025 if applicable.