Eveready Industries India Limited has informed the Exchange regarding 'Communication To Shareholders - Intimation On Tax Deduction OnDividend'.
EVEREADY · price
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Eveready Industries India has informed shareholders about tax deduction at source (TDS) on the recommended dividend of Rs. 2.50 per equity share for FY 2025-26, subject to shareholder approval at the 91st AGM. For resident shareholders with valid PAN, TDS will be deducted at 10%; without PAN or inoperative PAN, the rate increases to 20%. Non-resident shareholders face a 20% TDS plus applicable surcharge and cess. Resident individuals receiving dividend up to Rs. 10,000 are exempt from TDS, while insurance companies, mutual funds, and certain other entities may claim exemptions by submitting prescribed documentation. Shareholders must submit their tax-related documents (PAN, Form 10B/10BB, self-declarations) to the RTA by July 31, 2026, to determine the applicable withholding tax rate.
The announcement is an administrative TDS intimation related to an upcoming dividend payment. The Rs. 2.50 per share dividend is a routine payout requiring shareholder approval at the AGM. Shareholders should ensure their PAN is linked with Aadhaar and submit required documents before the deadline to avoid higher tax deductions.