Apollo Tyres Limited has informed the Exchange regarding Communication to Shareholders: Intimation on Tax Deduction at Source (TDS)/ withholding tax on Dividend for FY25.
APOLLOTYRE · price
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Apollo Tyres has informed shareholders about the tax deduction rules applicable to the final dividend recommended for FY25. The Board, at its meeting on May 14, 2025, recommended a final dividend of ₹5.00 per equity share of face value ₹1. The record date for dividend entitlement is Friday, July 11, 2025, with payment subject to shareholder approval at the 52nd AGM. The notice details TDS rates: 10% for resident shareholders with valid PAN, 20% for those without valid PAN, NIL for residents submitting Form 15G/15H, and 20% (or DTAA rate, whichever is lower) for non-resident shareholders. Shareholders must submit relevant tax exemption forms to the Registrar (KFin Technologies) by Monday, July 14, 2025, to avoid excess tax deduction.
This is a routine compliance communication ahead of the dividend record date. Shareholders should ensure PAN, bank details, and tax exemption forms are updated by the deadlines to receive the correct net dividend amount. No material change to the dividend itself is announced here.