FORCE MOTORS LTD has informed the Exchange about General Updates
FORCEMOT · price
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Force Motors has sent a communication to shareholders explaining the Tax Deduction at Source (TDS) rules that will apply to the final dividend for FY 2024-25. The Board, at its 25th April 2025 meeting, declared a final dividend of Rs. 40 per share (400%) on the face value of Rs. 10, which is still subject to shareholder approval at the 66th AGM. Resident shareholders with a valid PAN will face 10% TDS, while those without PAN or with an inoperative PAN will face 20%; no TDS will apply if total dividend is up to Rs. 10,000 or if Form 15G/15H is submitted. Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, with the option to claim DTAA benefits by submitting documents like Tax Residency Certificate, Form 10F, and self-declaration before the record date. All exemption documents must be submitted to the RTA, MUFG Intime India Pvt Ltd, before the record date to ensure correct TDS is applied.
Shareholders should submit the required tax forms (15G/15H, PAN, TRC, etc.) to the RTA well before the record date to avoid higher TDS deduction; any excess TDS deducted can only be reclaimed while filing their income tax return. The dividend payout itself remains conditional on approval at the upcoming AGM.