Gillette India Limited has informed the Exchange regarding 'Communication in respect of deduction of tax at source (TDS) on the amount of Dividend income from Gillette India Limited ( the Company )'.
GILLETTE · price
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Gillette India's Board has recommended a final dividend of Rs. 47 per equity share (face value Rs. 10) for FY2024-25, subject to shareholder approval at the AGM on September 2, 2025. The record date for eligibility is August 26, 2025. As required by the Income Tax Act, the company will deduct TDS on dividend payouts — 10% for resident shareholders with valid PAN, 20% for those without PAN, and 20% (plus surcharge/cess) or lower DTAA rate for non-resident shareholders. Shareholders must submit relevant forms (15G/15H, 10F, PAN, tax residency certificate, etc.) to the RTA by August 20, 2025 to claim exemptions or lower TDS rates. Mutual funds, LIC, GIC, and certain AIFs are exempt from TDS with proper documentation.
This is a routine TDS compliance communication accompanying the Rs. 47/share dividend declaration — no impact on the dividend amount or stock price. Shareholders should ensure PAN, bank, and KYC details are updated with their depository or RTA by August 20, 2025 to avoid higher TDS deduction (up to 20%) on their dividend payouts.