GOCL Corporation Limited has informed the Exchange regarding 'Communication to Shareholders - TDS on Dividend'.
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GOCL Corporation has written to shareholders explaining the tax deduction at source (TDS) rules for the dividend of ₹10 per share on ₹2 face value, recommended by the Board on May 22, 2025 for FY ended March 31, 2025. The record date is July 25, 2025 and the 64th AGM is scheduled for August 1, 2025. Resident individuals with dividend income up to ₹5,000 face no TDS, while others will have 10% deducted (20% if PAN is not provided). Non-resident shareholders will face 20% TDS plus surcharge and cess, unless treaty documents are submitted. Shareholders are asked to submit Form 15G/15H or other exemption documents via the RTA's portal well before the record date.
This is a routine tax-compliance communication ahead of the dividend payout, not a change in dividend policy. Shareholders need to ensure their PAN, KYC and bank details are updated and submit the right forms before July 25, 2025 to avoid excess tax deduction.