Communication to Members of the Company on deduction of tax at source on dividend payable for FY 2024-25
INTLCONV · price
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Awaiting price reaction for this filing.
International Conveyors Limited has sent a communication to its shareholders explaining how tax will be deducted at source on the dividend declared for the financial year 2024-25. The filing confirms that a dividend is payable to members and outlines the applicable TDS provisions, rates, and documentation requirements for different categories of shareholders (residents, non-residents, etc.). Shareholders are advised to submit relevant tax forms (such as PAN, Aadhaar, or declarations under sections 197/195 of the Income Tax Act) if they wish to claim a lower or nil TDS rate. This is a routine regulatory and tax-compliance communication issued ahead of the dividend payment.
No direct impact on stock price. This is a procedural compliance notice confirming the upcoming dividend payout and TDS mechanics, meaning shareholders should expect the net dividend credited to their accounts after tax deduction.