GeeCee Ventures Limited has informed the Exchange about Communication to Shareholders - Intimation on Tax Deduction on Dividend.
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GeeCee Ventures has informed exchanges about tax deduction rules for the final dividend declared for FY 2024-25. The Board has declared a dividend of ₹2.00 per equity share (face value ₹10), which is subject to shareholder approval at the AGM scheduled for September 18, 2025. For resident shareholders with valid PAN, TDS will be deducted at 10%; without PAN, the rate jumps to 20%. Non-resident shareholders face 20% TDS (plus surcharge and cess), though lower rates may apply under tax treaties if proper documentation is provided. Shareholders are required to submit PAN, residential status, and other documents by September 4, 2025, to ensure correct TDS deduction.
Shareholders must update PAN and submit relevant documents by September 4, 2025 to avoid higher TDS deductions (up to 20%). The ₹2 per share dividend remains pending final approval at the September 18 AGM, so the actual payout and TDS application will follow thereafter.