HFCL Limited has informed the Exchange regarding 'Intimation to Shareholders on Tax Deduction on Dividend'.
HFCL · price
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Awaiting price reaction for this filing.
HFCL Limited has informed shareholders that its Board has recommended a dividend of 10% (Re. 0.10 per equity share of Re. 1 face value) for FY 2024-25, payable within 30 days of AGM approval. The company will deduct Tax at Source (TDS) on this dividend — 10% for resident shareholders with a valid PAN and 20% for those without a valid or linked PAN. Resident individuals whose total dividend for FY 2025-26 does not exceed Rs. 10,000 are exempt, and others can submit Form 15G/15H to avoid TDS (relevant only if shareholding exceeds 1,00,000 shares). Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, though they may opt for lower DTAA rates by submitting documents like TRC, Form 10F, and a self-declaration. Shareholders must send required documents by August 7, 2025 to the company's RTA, MCS Share Transfer Agent Limited, or via email to tdsexm@hfcl.com.
This is a routine tax-compliance communication, not a material event, so it is unlikely to move the stock price on its own. Shareholders holding more than 1,00,000 shares should act before August 7, 2025 to submit Form 15G/15H or DTAA documents, or they will face higher TDS deductions of 20% on their dividend payouts.