India Glycols Limited has informed the Exchange regarding 'Communication on deduction of Tax at source on Dividend for Financial Year 2024-25'.
INDIAGLYCO · price
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India Glycols has informed shareholders about the tax deducted at source (TDS) process on its recommended dividend of 100% (Rs. 5 per share) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The Board originally recommended the dividend at 100% on shares of Rs. 10 face value, but following a 2:1 stock split (face value reduced from Rs. 10 to Rs. 5, effective 13th August 2025), the dividend now translates to Rs. 5 per share on the new face value. TDS will be deducted at 10% for resident individuals with valid PAN, 20% without PAN, and 20% (plus surcharge and cess) for non-residents, with higher rates applicable to non-filers of income tax returns. Shareholders must submit required documents to the RTA by 19th September 2025 to avail any lower or nil TDS rates.
This is a procedural TDS communication with no direct impact on stock price. It confirms continuity of a healthy 100% dividend payout, and the previously completed stock split improves share liquidity and affordability for retail investors.