Gujarat Alkalies and Chemicals Limited has informed the Exchange regarding 'Communication to Shareholders.- Intimation on Tax deduction on Dividend. For more details kindly refer attached file'.
GUJALKALI · price
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Gujarat Alkalies and Chemicals Limited has informed shareholders about the tax deduction at source (TDS) rules applicable on its recently recommended dividend of Rs. 15.80 per equity share (158% on face value of Rs. 10) for FY 2024-25, pending shareholder approval at the upcoming AGM. For resident shareholders, TDS will be NIL on dividend up to Rs. 10,000 if Form 15G/15H is submitted, 10% if PAN is provided, and 20% if PAN is not available or is inoperative. Non-resident shareholders will face 20% TDS (plus applicable surcharge and cess), though they can claim lower rates under the Double Taxation Avoidance Agreement (DTAA) by submitting the required documents like Tax Residency Certificate. Shareholders must update KYC details (PAN, bank account, email, nomination) and submit any exemption-related declarations to the company before 30th September 2025 to avoid higher tax deduction.
This is a routine compliance communication, not new news — the dividend itself was already announced. Shareholders should ensure PAN, Form 15G/15H, and other tax documents are submitted in time to minimise TDS; otherwise, they will receive a lower net dividend and must claim refunds via income tax returns.