Deduction of tax at source on dividend Shareholders Communication
GRASIM · price
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Grasim Industries has recommended a dividend of ₹10 per equity share (on face value of ₹2) for the financial year ending March 31, 2025, as approved by the Board on May 22, 2025, subject to shareholder approval at the upcoming 78th Annual General Meeting. This filing is a procedural communication explaining how the company will deduct tax at source (TDS) on the dividend before paying shareholders. TDS will be 10% for resident shareholders, 20% for non-residents (without DTAA benefits), nil for resident individuals with total dividend up to ₹10,000, and nil for those submitting valid Form 15G/15H. Shareholders must submit the required documents (PAN, TRC, Form 10F, declarations) to the company's RTA, KFin Technologies, by July 31, 2025, to avoid higher TDS deduction. Record date and book closure dates have not yet been announced.
This is a routine TDS compliance communication, not a new dividend declaration. Shareholders should update their PAN and bank details with their depositories or RTA and submit the required documents by July 31, 2025, to avoid being taxed at the higher 20% rate. Failure to link PAN with Aadhaar will also result in TDS at 20%.