Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about communication to Shareholders regarding Tax Deduction at Source (TDS) / withholding tax on Dividend.
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Deepak Fertilizers has informed the exchanges about an email sent to shareholders explaining the TDS process on the recently declared dividend. The Board, at its meeting on 22nd May 2025, recommended a dividend of Rs. 10 per share (100%) on equity shares of Rs. 10 face value for FY25, subject to approval at the 45th AGM. For resident shareholders, TDS will be 10% if a valid PAN is provided and Aadhaar is linked, else 20%; resident individuals with total dividend up to Rs. 10,000 face no TDS and eligible seniors/individuals can submit Form 15H/15G for nil deduction. Non-resident shareholders face 20% TDS (plus surcharge and cess) or a lower tax-treaty rate if documents like TRC, Form 10F, and self-declarations are submitted, while foreign companies without a no-PE declaration will face 35% TDS. Shareholders must upload all required documents to the Registrar (KFin Technologies) by 28th August 2025.
This is a routine compliance communication, not a new corporate action — the Rs. 10/share dividend was already announced in May. However, shareholders who fail to submit the required PAN, Aadhaar, TRC, or declaration forms by 28th August 2025 will face a higher TDS rate (up to 20% for residents and 35% for some foreign companies), reducing net dividend receipt. Investors should act promptly to file the appropriate forms to avoid excess tax deduction.