Atam Valves Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
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Atam Valves Limited has informed shareholders about tax deduction at source (TDS) on the dividend recommended by the Board on May 26, 2025. The dividend is Rs. 0.85 per equity share of face value Rs. 10 for FY ended March 31, 2025, subject to shareholder approval at the AGM on September 25, 2025. TDS will be deducted at 10% for shareholders with valid PAN and at 20% for those without/invalid PAN, with the company required to withhold tax before paying dividends from September 25, 2025 onwards. Shareholders must submit relevant documents (PAN, Form 15G/15H, TRC, Form 10F for NRIs, etc.) by September 17, 2025 to claim exemptions or lower TDS rates. The communication also covers TDS provisions for non-resident shareholders, DTAA benefits, and bank account updation requirements.
This is a routine procedural communication related to an already-declared dividend; shareholders should ensure their PAN, Aadhaar linking, and bank details are updated before September 17, 2025 to avoid higher TDS deduction. No new financial impact on the stock or shareholders beyond the standard TDS compliance process.