Communication to Shareholders regarding Deduction of Tax at Source (TDS) on dividend and the documents required thereto.
BRITANNIA · price
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Britannia Industries has sent a communication to shareholders detailing the TDS (Tax Deducted at Source) provisions applicable on the final dividend of Rs. 75 per equity share (face value Re. 1) recommended by the Board on 8th May 2025. The dividend, if approved at the 106th AGM, will be paid to shareholders on the record date of 4th August 2025. The communication outlines TDS rates for different shareholder categories — 0% for mutual funds, AIFs, NPS, insurance companies, and resident individuals (if total dividend doesn't exceed Rs. 10,000 or valid Form 15G/15H is submitted), 10% for other resident shareholders with valid PAN, 20% for FIIs/FPIs and other non-residents, and 0% for those with valid lower deduction certificates. Shareholders are required to update their PAN, KYC, Aadhaar, bank account, and category details by 4th August 2025 to receive the dividend via electronic mode.
This is a routine procedural and tax compliance communication — no change to the dividend amount or eligibility. Shareholders holding physical shares must update KYC and bank details by 4th August 2025 to receive the dividend; otherwise payment may be delayed or withheld. Investors should submit Form 15G/15H (if eligible for nil TDS) or DTAA documents (for non-residents) on the RTA portal to avoid higher tax deduction.