ADF Foods Limited has informed the Exchange regarding 'Communication to shareholders w.r.t. deduction of Tax at Source on Final Dividend for Financial Year ended 31st March, 2025.'.
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ADF Foods has written to shareholders explaining how tax will be deducted on the final dividend declared for FY25. The Board, at its 14th May 2025 meeting, has recommended a final dividend of Rs. 0.60 per share (30%) on each Rs. 2 face value equity share, subject to shareholder approval at the 35th AGM on 12th August 2025. The record date is 6th August 2025, and the dividend will be paid within 30 days of declaration. For resident shareholders, TDS will be deducted at 10% under Section 194 if PAN is provided; 20% will apply if PAN is missing or not linked with Aadhaar. Non-resident shareholders face a default 20% TDS (plus surcharge and cess) but can claim DTAA benefits by submitting documents like TRC, Form 10F, and a self-declaration. Shareholders holding shares in physical form must update KYC details (PAN, bank account, nomination, contact details) to receive the dividend electronically. All required documents must reach the RTA (MUFG Intime) by 6th August 2025; no revisions will be entertained after that.
This is a routine procedural communication — no change to the dividend amount itself. Shareholders who want a lower or zero TDS rate need to act before 6th August 2025 by submitting the relevant forms and documents. Investors holding shares in physical form should update KYC details promptly or risk missing the dividend payment.