CIE Automotive India Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction at Source(TDS)/ Withholding tax on Dividend'.
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CIE Automotive India has informed shareholders about TDS/withholding tax procedures for the proposed dividend of Rs. 7 per equity share (face value Rs. 10) for FY2025. The dividend, recommended by the Board on 19th February 2026, is subject to shareholder approval at the 27th AGM on 29th April 2026. Record date for dividend entitlement is 22nd April 2026. TDS rates are 10% for resident shareholders with valid PAN, 20% without PAN, and 20% plus surcharge for non-residents. Shareholders must submit required documents to KFintech (RTA) by 24th April 2026 to claim exemption or lower deduction. The company will use demat and register data from depositories/RTA for tax deduction purposes.
This is a routine procedural filing confirming dividend distribution timeline and tax compliance requirements. Shareholders should update KYC details and submit tax forms before the deadline to avoid higher TDS deductions. The dividend remains subject to shareholder approval at the upcoming AGM.