HB Stockholdings Limited has informed the Exchange regarding 'Communication To Shareholders - Intimation On Tax Deduction On Dividend'.
HBSL · price
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HB Stockholdings has informed shareholders about the tax deduction rules that will apply on the dividend for FY 2024-25, which is subject to approval at the AGM on 2nd August 2025. The Board has recommended a dividend of Rs. 1.00 per equity share on a face value of Rs. 10 (a 10% dividend). The record date for eligibility is 25th July 2025, and payment will be made within 30 days of declaration via electronic mode. The company has outlined the TDS rates applicable to different shareholder categories — 10% for resident shareholders with valid PAN, 20% for those without PAN or classified as specified persons, NIL for insurance companies, mutual funds, and government entities, and 20% plus surcharge/cess for non-resident shareholders (with DTAA benefits available if documents are submitted).
Shareholders should ensure their PAN and KYC details are updated with the company or depository to avoid higher TDS deduction (up to 20%) and to receive the dividend on time. No claim can be made against the company for taxes deducted, so investors need to assess their own tax liability on this dividend income.