Hitachi Energy India Limited has informed the Exchange about Communication to Shareholders in respect of deduction of Tax at source on Dividend
POWERINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hitachi Energy India has written to shareholders explaining how tax will be deducted on the final dividend declared for the financial year ended March 31, 2025. The Board has recommended a final dividend of Rs. 6.00 per equity share (300% on the face value of Rs. 2), subject to shareholder approval at the AGM on August 20, 2025, with a record date of August 13, 2025. Tax will be deducted at source on dividend payments, with 10% TDS for resident shareholders having a valid PAN and Aadhaar linkage, and 20% for those without. No tax will be deducted if a resident individual's total dividend for FY 2025-26 is up to Rs. 10,000. Shareholders seeking lower or zero TDS — such as those submitting Form 15G/15H, mutual funds, government entities, or non-residents claiming tax treaty benefits — must submit the required documents via KFin Technologies' portal by August 8, 2025.
Shareholders who want lower or zero tax withholding must submit the correct forms and documents by August 8, 2025; otherwise the default TDS rate will apply. The 300% dividend declaration is a strong income signal for shareholders, but investors should factor in the applicable TDS when calculating net returns.