Finolex Cables Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
Finolex Cables has informed the exchange about the TDS provisions applicable on its recently declared dividend. The Board had recommended a 400% dividend (Rs. 8 per equity share of Rs. 2 face value) for FY2024-25, subject to shareholder approval at the 57th AGM. The record date for eligibility is Friday, 5th September 2025. The filing details TDS rates for different shareholder categories — resident individuals get 0% TDS if aggregate dividend is up to Rs. 10,000 in the year or valid Form 15G/15H is submitted, 10% for other resident shareholders, and 20% if PAN is not linked with Aadhaar. Non-residents face 20% TDS plus surcharge and cess, with the option to claim beneficial DTAA rates. Shareholders must submit required documents to the company's registrar, KFin Technologies, by 31st August 2025 to avoid higher tax deduction.
This is a procedural and tax-related communication, not a business or earnings update, so it is unlikely to move the stock price. Shareholders should ensure their PAN is Aadhaar-linked and submit the required forms before 31st August 2025 to avoid excess TDS on the upcoming dividend.