Happiest Minds Technologies Limited has informed the Exchange regarding 'Communication to Shareholders Intimation on Tax Deduction on Dividend'.
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Happiest Minds Technologies has informed the stock exchanges that it has sent an email communication to all shareholders (whose email IDs are registered with the company or depositories) regarding tax deduction at source (TDS) on dividends. The communication includes a detailed note explaining the TDS withholding process and applicable rates, along with necessary annexures. This is pursuant to the Finance Act, 2020, which abolished the Dividend Distribution Tax (DDT) effective April 1, 2020, making dividend income taxable in the hands of shareholders. The email was sent on July 4, 2025, and the filing is a routine regulatory intimation to the exchanges.
This is a routine compliance filing with no direct impact on the stock price. Shareholders should review the TDS note to understand the applicable withholding tax rates on their dividend income and ensure they submit required documents (such as PAN, declarations) to avoid higher TDS deductions.