Eveready Industries India Limited has informed the Exchange about Communication to Shareholders ‐ Intimation on Tax Deduction on Dividend
EVEREADY · price
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Eveready Industries has informed shareholders about the tax deduction process on the dividend recommended for FY 2024-25. The Board, at its May 9, 2025 meeting, recommended a dividend of Rs. 1.50 per equity share (face value Rs. 5), subject to approval at the 90th AGM. TDS will be deducted at 10% for resident shareholders with a valid PAN, and at 20% (plus surcharge and cess) for non-resident shareholders, unless exemptions apply. Resident individuals with total dividends up to Rs. 10,000 in FY 2025-26, or those submitting Form 15G/15H, will face no TDS. Shareholders must submit relevant tax documents (PAN, 15G/15H/10F, self-declaration forms) to the RTA by July 25, 2025 to avoid higher TDS deduction.
This is a routine procedural communication and does not change the dividend amount or stock outlook. Shareholders should ensure their PAN is linked with Aadhaar and submit the required forms before the July 25 deadline to avoid higher TDS deduction of 20%.