Please find attached, communication sent to shareholders pertaining to deduction of tax at source on dividend.
INDPRUD · price
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Industrial & Prudential Investment Company has informed the stock exchange that it has sent a tax deduction at source (TDS) communication to its 1,993 shareholders on June 17, 2025, via its registrar MUFG Intime India. The Board had on May 27, 2025 recommended a dividend of Rs. 110 per equity share (on shares of face value Rs. 10) for FY ended March 31, 2025, pending shareholder approval at the 109th AGM. The communication details TDS rates: 10% for resident shareholders, nil for resident individuals whose total dividend from the company in FY 2025-26 does not exceed Rs. 10,000, and 20% (plus surcharge and cess) for non-residents, with DTAA benefits available subject to documentation. Shareholders must submit Form 15G/15H or other exemption documents to the RTA by August 11, 2025, to avoid higher TDS deduction.
This is a routine compliance communication, not a new corporate event. Shareholders who qualify for nil or lower TDS should submit the relevant forms (15G/15H or exemption declarations) to the RTA by August 11, 2025, to avoid excess tax being deducted from their dividend payout. No material impact on the stock price is expected from this filing.