Communication sent to shareholders regarding deduction of tax at source on dividendfor the FY 2024-25.
IGARASHI · price
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Igarashi Motors India Limited has informed shareholders about the tax deduction at source (TDS) applicable on the final dividend of Rs. 2.5 per equity share (face value Rs. 10) declared for FY 2024-25. The Board recommended this dividend on May 22, 2025, subject to shareholder approval at the 33rd AGM on August 8, 2025. The record date for eligibility is July 31, 2025, and dividend payment will begin on or after August 8, 2025. TDS will be deducted at 10% for resident shareholders (or 20% if PAN is invalid or not linked with Aadhaar), and at 20% plus surcharge/cess for non-resident shareholders, with benefits available under tax treaties if proper documents are submitted by July 24, 2025. Shareholders seeking nil or lower TDS must submit forms like 15G/15H along with PAN and bank details before the deadline.
Shareholders should ensure their PAN is linked with Aadhaar and submit required tax exemption forms by July 24, 2025 to avoid higher TDS deduction. The dividend itself is a routine payout and this communication is a procedural compliance step rather than a new announcement, so no material impact on stock price is expected.