Century Enka Limited has informed the Exchange regarding 'Communication sent to the Shareholders of Century Enka Limited regarding the 'Deduction of tax at source on dividend payment''.
CENTENKA · price
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Century Enka Limited has informed shareholders about the tax deduction process on its upcoming dividend. The Board of Directors, at its meeting on 6th May 2025, recommended a dividend of Rs.10 per equity share (100% on face value of Rs.10) for FY ended 31st March 2025, subject to shareholder approval at the AGM on 12th August 2025. Dividend will be paid on or after 16th August 2025. Shareholders must update details like PAN (linked with Aadhaar), residential status, category, email and bank information with their depository or the RTA (MUFG Intime India) by 5th August 2025 to ensure correct TDS deduction. For resident individuals, TDS will be 10% if PAN is valid and linked with Aadhaar, and 20% otherwise; no TDS applies if total dividend is below Rs.10,000 or if valid Form 15G/15H is submitted. Non-resident shareholders will be taxed at 20% plus surcharge and cess, or at lower DTAA rates if eligible documents are provided.
Shareholders who fail to update PAN, Aadhaar linkage and other details by 5th August 2025 will face higher TDS deduction (20% instead of 10%), though they can claim a refund later when filing their income tax return. Resident shareholders with dividend income under Rs.10,000 or those eligible to submit Form 15G/15H can avoid TDS entirely.