Afcons Infrastructure Limited has informed the Exchange about Intimation of Deduction of Tax at Source on Dividend - Shareholders Communication.
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Afcons Infrastructure has communicated to shareholders the tax deduction at source (TDS) procedure for the FY25 dividend of Rs. 2.50 per equity share (25% on face value of Rs. 10) declared by the Board on May 23, 2025. The AGM is scheduled for July 25, 2025, and the dividend will be paid on or after July 30, 2025. Resident shareholders with valid PAN will face 10% TDS, while those without valid PAN or with inoperative PAN (Aadhaar not linked) will face 20% TDS. Non-resident shareholders will be taxed at 20% or the applicable tax treaty rate, whichever is lower. Shareholders must submit tax-related documents (Form 15G/15H, TRC, etc.) by July 11, 2025, to avoid higher TDS deduction.
This is a routine procedural communication regarding TDS compliance for the already-declared dividend — no new material information for shareholders. Investors should ensure PAN-Aadhaar linking and submit relevant tax forms before the July 11, 2025 deadline to avoid excess tax deduction.