Aditya Birla Real Estate Limited has informed the Exchange regarding 'Communication sent to the Shareholders of the Company regarding Deduction of Tax at Source on Dividend Payment'.
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Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited) has sent shareholders a TDS communication for its upcoming final dividend. The Board, at its meeting on 14th May 2025, recommended a final dividend of Rs. 2 per equity share (20%) on shares of face value Rs. 10 each for FY ending 31st March 2025, subject to shareholder approval at the AGM on 30th July 2025. As per the Income-Tax Act, dividend income is taxable in shareholders' hands and TDS will be deducted at 10% for resident shareholders with a valid PAN, 20% for those without a valid PAN, and 20% plus applicable surcharge and cess for non-resident shareholders by default. Resident individuals with total dividend up to Rs. 10,000 or those submitting valid Form 15G/15H can claim NIL TDS. Shareholders must submit the required documents and declarations to the company's RTA (MUFG Intime India) by 11th July 2025.
This is a routine TDS compliance communication tied to the company's final dividend payout, not a new corporate action. Shareholders should ensure PAN, bank and contact details are updated with their depository or RTA, and submit Form 15G/15H or other exemption documents by 11th July 2025 to avoid higher tax deduction on their dividend.