Hindalco Industries Limited has informed the Exchange about Communication sent to the Shareholders regarding 'Deduction of tax at source on dividend payment
HINDALCO · price
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Hindalco Industries Limited has notified shareholders about tax deduction at source (TDS) on the recommended dividend of Rs. 5 per equity share for FY 2025-26, subject to approval at the 67th AGM. The company will deduct tax at 10% for resident shareholders with valid PAN, with exemptions for dividends up to Rs. 10,000. Non-resident shareholders may claim tax treaty rates (typically 20%) by submitting required documents including Tax Residency Certificate and Form No. 41 by June 30, 2026. Shareholders without valid or operative PAN will face higher 20% TDS deduction. Physical shareholding shareholders must update KYC details (PAN, bank account, nomination, signature) to receive dividends electronically from April 1, 2024 as per SEBI mandate. The communication details TDS rates for various categories including mutual funds, insurance companies, provident funds, and sovereign wealth funds who may claim NIL withholding with appropriate documentation.
This is a routine procedural announcement informing shareholders about TDS obligations on the upcoming dividend. The dividend of Rs. 5 per share represents a standard payout. Shareholders should submit required tax forms by June 30, 2026 to ensure correct TDS rates are applied; otherwise higher withholding will apply.