ANDHRA PAPER LIMITED has informed the Exchange about General Updates-Communication sent to shareholders on TDS claims.
ANDHRAPAP · price
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Awaiting price reaction for this filing.
Andhra Paper Limited has emailed shareholders explaining the Tax Deducted at Source (TDS) rules that will apply to the proposed final dividend of ₹1.00 per share (50% on face value of ₹2) for FY ended March 31, 2025, as recommended by the Board on May 8, 2025. For resident shareholders, TDS will be deducted at 10% if a valid PAN is provided, and at 20% if PAN is missing, invalid, or not linked with Aadhaar. No TDS applies if total dividend for FY2025-26 is below ₹10,000 or if eligible shareholders submit Form 15G/15H. Non-resident shareholders will face 20% TDS (plus surcharge and cess), which may be reduced under an applicable Double Taxation Avoidance Agreement (DTAA) subject to submission of Tax Residency Certificate, Form 10F, and other documents. Shareholders must upload required forms and documents on the RTA portal (KFin Technologies) on or before August 1, 2025, and ensure bank account and PAN details are updated. The filing has been made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.
This is a procedural compliance filing reconfirming the ₹1.00 final dividend and explaining how much tax will be withheld at the time of payout. Shareholders — especially those without PAN/Aadhaar linkage — should act before August 1, 2025 to avoid a higher 20% TDS deduction. Neutral for stock price; no new fundamental information.