Biocon Limited has informed the Exchange about Communication to the shareholders w.r.t. TDS on Final Dividend
BIOCON · price
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Biocon's Board of Directors, at its meeting on May 8, 2025, has recommended a final dividend of Re. 0.50 per equity share (10% on the face value of Rs. 5) for the financial year ended March 31, 2025. The dividend is subject to shareholder approval at the 47th AGM scheduled for August 8, 2025, and will be paid to shareholders on the register as of the record date, July 4, 2025. The communication primarily explains the applicable Tax Deducted at Source (TDS) rates for different shareholder categories — 10% for resident shareholders with valid PAN, 20% for those without valid PAN or with PAN not linked to Aadhaar, and varying rates for non-resident and institutional investors. Shareholders are required to submit relevant documents (PAN, tax residency certificates, Form 15G/H, declarations) by July 20, 2025 to claim exemptions or DTAA benefits. The dividend will be credited electronically to shareholders whose bank details are registered with their depositories or the RTA (KFin Technologies).
This is a routine tax-compliance communication ahead of the final dividend payout and is unlikely to have any material impact on the stock price. Shareholders should ensure their PAN, Aadhaar linkage, and bank details are updated to avoid higher TDS deduction (20% instead of 10%).