Himadri Speciality Chemical Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
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Himadri Speciality Chemical has announced a recommended dividend of Rs. 0.80 per equity share (80% of face value of Re. 1 each) for FY 2025-26, subject to shareholder approval at the 38th AGM on June 11, 2026. Under the Income Tax Act 2025, the company will deduct TDS on the dividend: 10% for resident individuals (if aggregate dividend exceeds Rs. 10,000), 20% if PAN is unavailable or inoperative, and 20% for non-resident shareholders (plus surcharge and cess). Exemptions are available for mutual funds, insurance companies, AIFs, and NPS trusts with proper documentation. Shareholders must submit required tax forms (including Form 121) by June 2, 2026 to claim lower TDS rates or exemptions.
This is a routine TDS intimation for an upcoming dividend. The 80% payout signals a healthy dividend distribution for FY 2025-26. Shareholders should submit valid PAN and required declarations by the deadline to avoid higher tax deduction.