Garware Hi-Tech Films Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
GRWRHITECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Garware Hi-Tech Films has informed the exchanges about a communication sent to shareholders explaining how tax will be deducted at source (TDS) on the upcoming final dividend of Rs. 12 per equity share (120% on face value of Rs. 10) for FY2024-25, subject to shareholder approval at the AGM on September 24, 2025. The record date for eligibility is September 17, 2025, with payment to follow on or after September 25, 2025. For resident shareholders, TDS will be 10% with a valid PAN, 20% without PAN or with inoperative PAN, and NIL for those submitting valid Form 15G or 15H. Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, or a lower tax treaty rate if proper documents (TRC, Form 10F, self-declaration) are submitted. Shareholders must upload the required forms to the RTA (MUFG Intime India) by September 15, 2025, 5:00 PM IST to avoid higher tax deduction.
This is a routine procedural filing reminding shareholders to update PAN and submit tax-related forms to avoid excess TDS on the declared Rs. 12 per share dividend. Shareholders should act before the September 15, 2025 deadline to ensure correct withholding tax rates apply; otherwise, they can still claim refunds when filing their income tax returns.