Hindustan Petroleum Corporation Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
HINDPETRO · price
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HPCL has informed shareholders about tax deduction (TDS) provisions on its final dividend of Rs. 10.50 per equity share (face value Rs. 10) for FY 2024-25, recommended by the Board on May 6, 2025 and subject to AGM approval. The record date for eligibility is August 14, 2025. Resident shareholders with valid PAN will face 10% TDS, while non-residents will face 20% TDS (plus surcharge and cess). Shareholders must submit required tax exemption documents via the dedicated portal or email by July 15, 2025. No dividend is above Rs. 10,000 per individual shareholder is exempt from TDS if Form 15G/15H is submitted.
This is a routine procedural communication — the dividend itself was already announced earlier. Shareholders need to ensure PAN is updated and submit exemption documents by July 15, 2025 to avoid higher TDS deduction. No new material impact on stock price; the Rs. 10.50 final dividend signals a stable payout policy for FY25.