COSMO FIRST LIMITED has informed the Exchange regarding 'Final Dividend for the Financial Year 2024-25 - Communication on Tax Deduction at Source (TDS) on Dividend payout'.
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Cosmo First Limited has announced a final dividend of Rs. 4 per equity share (face value Rs. 10) for the financial year 2024-25, approved by the Board on May 20, 2025. The dividend is subject to shareholder approval at the 48th AGM scheduled for August 4, 2025, with the record date set as July 28, 2025. The communication mainly explains TDS rules: 10% will be deducted for resident shareholders with valid PAN, 20% for those without a valid PAN or if PAN is not linked with Aadhaar. Non-resident shareholders including FIIs/FPIs face 20% TDS plus surcharge/cess, or a lower tax treaty rate if applicable documents are provided. Resident individual shareholders whose total dividend in FY 2025-26 does not exceed Rs. 10,000 are fully exempt from TDS. Shareholders must submit required documents (Form 15G/15H, PAN details, TRC for non-residents, etc.) by July 25, 2025 to avoid excess tax deduction.
Shareholders on the record date of July 28, 2025 will receive the Rs. 4 per share dividend, though actual payouts will be reduced by applicable TDS. Investors should ensure their PAN is updated with their depository and bank account details are current to receive timely credit; missing the July 25 deadline means higher TDS will be deducted with limited recourse for refund.