Ghcl Textiles Limited has informed the Exchange regarding 'Communication to shareholders on TDS on Dividend'.
GHCLTEXTIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GHCL Textiles has recommended a dividend of Rs. 0.50 per equity share (25% on face value of Rs. 2) for FY 2024-25, subject to shareholder approval at the AGM on July 21, 2025. The record date for eligibility is July 14, 2025. As per the Finance Act 2020, the company must deduct tax at source on this dividend: 10% for resident shareholders who provide PAN, 20% for those without a valid PAN, and no TDS for resident individuals whose total dividend income in FY 2024-25 does not exceed Rs. 10,000. Eligible shareholders can submit Form 15G or 15H to avoid TDS entirely, while non-residents and FPIs/FIIs will face 20% TDS or a lower rate as per applicable tax treaties. Shareholders must submit the required documents and declarations to the company's RTA, MUFG Intime India, by 5:00 p.m. IST on July 14, 2025 to avail the correct TDS rate; otherwise higher tax will be deducted, with refund available via income tax return filing.
This is a standard procedural communication and is neutral for the stock price. Shareholders should ensure their PAN and tax documents are in order and submit the necessary forms before July 14, 2025 to avoid excess tax deduction on their dividend payout.