Kuantum Papers Limited has informed the Exchange regarding 'Communication w.r.t applicability of TDS on Dividend'.
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Kuantum Papers has informed shareholders about the TDS process applicable on the upcoming dividend. The Board, at its meeting on 20th May 2025, has recommended a dividend of Rs. 3 per equity share (300% on face value of Re. 1) for FY 2024-25, subject to shareholder approval at the AGM on 29th August 2025. The record date for eligibility has been fixed as 22nd August 2025. TDS will be deducted at 10% for resident shareholders with valid PAN, 20% without PAN, and 20% for non-residents (or lower treaty rate where applicable). Shareholders must submit required documents to the RTA (Mas Services Limited) by 23rd August 2025, 11:00 AM. No TDS applies to resident individuals if total dividend from the company in FY 2025-26 does not exceed Rs. 10,000, or if valid Form 15G/15H is submitted.
This is a procedural communication with no material impact on stock price. Shareholders holding shares in physical form should update PAN and bank details with the RTA to avoid higher TDS deduction. Eligible shareholders should submit Form 15G/15H before the deadline to receive the full dividend without tax deduction.