Gujarat Gas Limited has informed the Exchange about General Updates
GUJGASLTD · price
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Awaiting price reaction for this filing.
Gujarat Gas Limited has sent an email communication to shareholders explaining the tax deduction process applicable on the dividend for FY 2025-26 (pertaining to FY 2024-25). The Board has recommended a dividend of Rs. 5.82 per equity share (face value Rs. 2), subject to shareholder approval at the upcoming AGM. TDS will be deducted at 10% for resident individuals (nil if total dividend income does not exceed Rs. 10,000), nil for entities like insurance companies, mutual funds, AIFs, and NPS trusts with valid documentation, and 20% for non-resident shareholders or lower treaty rates with proper submissions. Shareholders must update their PAN, category, residential status, and email with the company's R&TA (KFin Technologies) before the record date to avoid a higher 20% TDS deduction. Forms 15G/15H and other exemption declarations must be uploaded on the KFin portal at least two days after the record date.
This is a routine compliance filing and is unlikely to move the stock price materially. It does confirm the Rs. 5.82/share dividend for FY25, which is positive for income-focused investors. Shareholders, especially non-residents, should ensure their PAN and tax documents are in order to avoid excess TDS deduction.