Hindalco Industries Limited has informed the Exchange about Communication sent to the Shareholders regarding 'Deduction of tax at source on dividend payment
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Hindalco Industries has written to its shareholders explaining the tax deduction rules that will apply to the dividend recommended by the Board. The Board, at its meeting on May 20, 2025, recommended a dividend of Rs. 5 per equity share (on a face value of Rs. 1) for FY 2024-25, pending approval at the 66th AGM. For resident shareholders, TDS will be deducted at 10%, while non-residents will face 20% or the applicable tax treaty rate, whichever is lower. Shareholders without a valid PAN or with PAN-Aadhaar not linked will face a higher 20% deduction. Shareholders can submit Form 15G/15H (residents) or Form 10F/TRC (non-residents) on or before July 31, 2025, to claim nil or lower TDS.
This is a procedural compliance communication and does not change the dividend amount. Shareholders should ensure their PAN and bank details are updated, and submit the relevant tax forms by July 31, 2025, to avoid higher TDS deductions of 20%. Book closure dates for eligibility are yet to be announced.