Colgate Palmolive (India) Limited has informed the Exchange about tax on dividend
COLPAL · price
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Colgate Palmolive India has declared a Second Interim Dividend of Rs. 24 per equity share (face value Re. 1) for Financial Year 2025-26. The record date is June 1, 2026, and dividend payments will begin from June 17, 2026. The company has communicated TDS (Tax Deducted at Source) provisions to shareholders, specifying rates: 10% for resident shareholders with valid PAN (or 20% without PAN), 20% for non-resident FPI/FII investors, and nil TDS for dividend up to Rs. 10,000 or for those submitting Form 121. Non-resident shareholders can claim lower treaty rates by submitting Form 41, PAN, and Tax Residency Certificate. SEBI's mandate for electronic dividend payment is also reinforced, requiring shareholders to update KYC and bank details.
The dividend of Rs. 24 per share represents a positive signal for income-focused investors, though the announcement focuses on procedural tax compliance rather than a change in dividend policy. Shareholders should ensure their KYC and bank details are updated to receive payments.