Communication to Shareholders - Intimation of Tax Deduction at Source on Dividend.
JYOTHYLAB · price
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Jyothy Labs has communicated to shareholders about TDS deductions on the recommended final dividend of Rs. 3.50 per equity share (350% on face value of Re. 1) for FY 2025-26, pending AGM approval. The company will deduct tax at source on dividend payments as per Income Tax Act, 2025 provisions. TDS rates vary by shareholder category: resident individual shareholders with valid PAN are subject to 10% TDS, while those without PAN or with invalid/non-linked PAN face 20% TDS. Non-resident shareholders may claim lower tax treaty rates by submitting required documents including PAN, Tax Residency Certificate, and Form 41. Exemptions are available for mutual funds, insurance companies, AIFs, NPS trusts, and other specified categories. The deadline to submit documents is June 25, 2026. Physical shareholders must update PAN, KYC details, and bank account information to receive dividend credit, as physical warrants will not be issued from April 1, 2024.
Shareholders should submit required documents by June 25, 2026 to claim lower TDS rates. This is a standard compliance filing for dividend distribution with no concerns about company financials.