Garware Technical Fibres Limited has informed the Exchange about communication to Shareholders - Deduction of tax at source ("TDS") on payment of Dividend
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Garware Technical Fibres has communicated to its shareholders regarding Tax Deducted at Source (TDS) applicable on the dividend declared for FY 2024-25. The Board of Directors, at their meeting on 15th May 2025, has recommended a dividend of Rs. 1.50 per share (15%) on 9,92,65,845 equity shares of Rs. 10 each, subject to shareholder approval at the upcoming AGM. The standard TDS rate is 10% for resident shareholders with valid PAN, while non-resident shareholders will face 20% plus applicable surcharge and cess. Shareholders must upload required documents on the RTA portal by 22nd August 2025 (5:00 PM IST) to claim lower or nil TDS rates. Shareholders with invalid PAN or those not filing income tax returns may face TDS at higher rates under Section 206AB of the Income Tax Act.
Eligible shareholders holding shares as on the record date will receive Rs. 1.50 per share as dividend, but TDS will reduce the net amount received. Shareholders should submit required documents (PAN, Form 15G/H, TRC, etc.) before 22nd August 2025 to minimize tax deduction or avoid higher TDS rates.