HP Adhesives Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation of Tax Deduction on Dividend'.
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HP Adhesives has informed shareholders about the tax deduction process applicable on the final dividend recommended by the Board. The Board, at its 13th May 2025 meeting, recommended a final dividend of 20%, i.e., Rs. 0.40 per equity share of Rs. 2 face value, for FY ending 31st March 2025. The dividend is subject to approval at the upcoming 6th Annual General Meeting and will be paid within 30 days of declaration. For resident shareholders, TDS will be deducted at 10% if a valid PAN is available, or 20% if PAN is missing, invalid, or not linked with Aadhaar. No TDS applies if total dividend to a resident individual is below Rs. 10,000 in FY 2025-26, or if valid Form 15G/15H is submitted. Non-resident shareholders can claim DTAA benefits by submitting documents like TRC, PAN, and Form 10F. All required documents must be submitted to the RTA (Bigshare Services) by 19th September 2025.
This is a procedural tax communication rather than a material corporate event. Shareholders should ensure their PAN is linked with Aadhaar and submit relevant forms before the 19th September deadline to avoid higher TDS deduction. The dividend itself is modest at Rs. 0.40 per share, and shareholders can claim refunds by filing income tax returns if excess TDS is deducted.