LMW Limited has informed the Exchange about the copies of the newspaper advertisement published by the Company regarding Notice to Shareholders and General Communication on Tax Deduction at Source on Dividend .
LMW · price
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LMW Limited has submitted copies of newspaper advertisements published on 11th June 2025 in Business Line (English) and Hindu-Tamil (Tamil). The ad covers two items: a Notice to Shareholders about the 62nd Annual General Meeting, and a General Communication on Tax Deduction at Source (TDS) on dividend. The 62nd AGM will be held on Thursday, 17th July 2025 at 3:30 PM via Video Conferencing, and the Annual Report for FY 2024-25 will be sent only by email. The Board has recommended a dividend of Rs. 30 per share (300%) on equity shares of Rs. 10 face value, with the record date fixed as 10th July 2025, subject to shareholder approval. Shareholders must submit TDS-related declarations (Form 15G/15H) by 17th July 2025 to the RTA (MUFG Intime India) to avoid higher tax deduction, as dividends are now taxable in the hands of shareholders post the Finance Act 2020.
The 300% dividend (Rs. 30/share) is a strong payout signal for FY25 and is positive for income-seeking shareholders, who should ensure their bank and PAN details are updated with the RTA or depository to receive the dividend on time. No new business or financial information is disclosed beyond AGM logistics and the dividend declaration.