Chennai Petroleum Corporation Limited has informed the Exchange regarding 'E-mail Communication to members of Chennai Petroleum Corporation Ltd. Deduction of tax at source on Dividend for the year 2024-25'.
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CPCL has sent shareholders a detailed email about how tax will be deducted on the Rs. 5 per share dividend recommended by the Board on April 25, 2025 for FY 2024-25. The company has set August 1, 2025 as the record date to identify shareholders eligible for the dividend, which will be paid within 30 days of the AGM. For resident shareholders, TDS will be 10% for those with valid PAN and 20% if PAN is missing, invalid, or not linked with Aadhaar; no TDS applies if total dividend in FY 2025-26 does not exceed Rs. 10,000 or if eligible Form 15G/15H is submitted. Non-resident shareholders will face 20% TDS unless they claim lower rates under a Double Tax Avoidance Agreement by submitting the required documents. All TDS-related documents must be uploaded with the RTA KFin Technologies by August 13, 2025 — no submissions will be accepted after that date.
This is a routine procedural communication and does not change the dividend amount or the company's fundamentals. Shareholders should ensure their PAN and bank details are updated and submit Form 15G/15H or DTAA documents before the August 13 deadline if they want to avoid or reduce TDS on their dividend.