Godfrey Phillips India Limited has informed the Exchange about Intimation to Shareholders about TDS on Dividend for FY 2024-25
GODFRYPHLP · price
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Godfrey Phillips India has informed shareholders about how tax will be deducted at source on the final dividend for FY 2024-25. The Board, at its May 15, 2025 meeting, recommended a final dividend of Rs. 60 per equity share on a face value of Rs. 2 each, pending shareholder approval at the AGM on September 4, 2025. The record date for eligibility is August 22, 2025. The filing explains TDS rates: 10% for resident shareholders (with exemptions for dividend up to Rs. 10,000 or via Form 15G/15H), 20% for non-residents (or DTAA rate if beneficial), and 20% for those without PAN or with unlinked PAN-Aadhaar. Shareholders must submit relevant tax exemption documents by August 21, 2025 to the company's registrar.
This is a routine tax-procedural communication confirming the dividend payout, not a new event. The Rs. 60 per share dividend on a Rs. 2 face value reflects a strong payout, but actual yield depends on the current market price. Shareholders should ensure their PAN, bank, and KYC details are updated and submit exemption forms (Form 15G/15H) before the August 21 deadline to avoid higher TDS deduction.