Birla Corporation Limited has informed the Exchange about the Communication to Shareholders on deduction of tax at source on dividend for the Financial Year 2024-25.
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Birla Corporation has informed shareholders about the tax deduction rules applicable to the ₹10 per share dividend (100% on face value of ₹10) recommended by the Board on 9th May 2025 for FY 2024-25, subject to AGM approval. Resident shareholders will face a default TDS of 10%, while non-resident shareholders will face 20% plus applicable surcharge and cess, or a lower tax treaty rate if eligible and documentation is provided. Certain categories like mutual funds, insurance companies, sovereign wealth funds, and ADIA subsidiaries are exempt from TDS on submitting required declarations. Shareholders must email all supporting documents (PAN, TRC, Form 10F, self-declarations, etc.) to tds@birlacorp.com on or before 31st August 2025, failing which higher TDS rates (20%) will apply, especially if PAN is missing or not linked with Aadhaar. Physical shareholders must also update KYC details with the company's RTA (KFin Technologies) to receive the dividend electronically.
This is a routine tax-related procedural communication with no material change to the business or dividend amount. Shareholders, particularly those claiming lower TDS rates, need to act before the 31st August 2025 cut-off to avoid excess tax deduction; those in higher tax brackets or with missing documentation will receive a reduced net dividend.