Hyundai Motor India Limited has informed the Exchange regarding Communication to Shareholders Intimation on Tax Deduction on Dividend
HYUNDAI · price
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Hyundai Motor India has informed shareholders about the tax deduction process on its final dividend for FY 2024-25. The Board has recommended a final dividend of Rs. 21.00 per equity share (210% on face value of Rs. 10), subject to shareholder approval at the AGM on August 28, 2025. The record date has been fixed as August 05, 2025 — shareholders on record as of that date will be eligible for the dividend. The company will deduct TDS at applicable rates: 10% for resident shareholders with valid PAN, 20% for those without PAN or with inoperative PAN, and varying rates for non-residents based on tax treaties. Shareholders must submit required documents (PAN, Form 15G/15H, TRC, etc.) to the company's RTA KFin Technologies by August 09, 2025, to claim exemptions or lower TDS rates.
This is a routine compliance communication and does not change the dividend itself. Shareholders should ensure their PAN is valid and linked with Aadhaar, and submit any required exemption documents (like Form 15G/H for eligible individuals) before the August 9, 2025 deadline to avoid higher TDS deduction of 20%.