Bharat Forge Limited has informed the Exchange about TDS Communication to shareholders.
BHARATFORG · price
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Bharat Forge has sent a detailed communication to shareholders explaining the Tax Deduction at Source (TDS) process on the final dividend declared for FY2024-25. The Board had recommended a final dividend of Rs. 6 per equity share (face value Rs. 2 each), which is 300% on face value. The dividend, pending shareholder approval at the AGM on August 7, 2025, will be paid to those on the record date of July 4, 2025, with payment on or after August 12, 2025. The communication outlines TDS rates for resident shareholders (nil, 10%, or 20% depending on documents/PAN status) and non-resident shareholders (20% plus surcharge/cess, or lower DTAA rate). Shareholders must submit required forms (15G/15H, PAN, declarations) by July 4, 2025 to avoid excess TDS deduction.
This is a procedural compliance communication following the dividend declaration, with no new financial impact. Shareholders need to ensure PAN, bank details, and tax exemption forms are updated by the record date to receive the full dividend without excess tax deduction.