Garware Technical Fibres Limited has informed the Exchange about Communication to Shareholders - Deduction of tax at source ("TDS") on payment of Dividend

Garware Technical Fibres has informed the stock exchange about a communication sent to shareholders regarding the deduction of Tax at Source (TDS) on dividend payments. This is a standard regulatory requirement under the Income Tax Act, which mandates companies to deduct tax before paying out dividends to shareholders. The TDS rate typically varies based on whether the shareholder is a resident Indian, non-resident, or institutional investor, and may depend on the dividend amount and the shareholder's income tax bracket. Shareholders are generally required to have valid PAN and updated KYC details to ensure correct TDS deduction.