Lumax Auto Technologies Limited has informed the Exchange about Intimation regarding communication to shareholders with respect to deduction of Tax at source on Dividend for FY 2024-25
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Lumax Auto Technologies has sent shareholders a communication explaining how Tax Deduction at Source (TDS) will apply to the dividend for FY 2024-25. The Board, at its May 29, 2025 meeting, had recommended a dividend of Rs. 5.50 per share (275% on face value of Rs. 2) for FY25, pending approval at the 44th AGM on August 25, 2025. The record date for eligibility is August 7, 2025, and the dividend, if approved, will be credited on or before September 23, 2025 after deducting applicable TDS. Resident shareholders with a valid PAN will have 10% TDS deducted, while those without PAN or with PAN not linked to Aadhaar will face 20% TDS; non-residents will have 20% deducted (plus surcharge/cess) or the lower tax treaty rate, subject to submission of documents. Shareholders must submit the required PAN, residential status, and category documents via email to shares@lumaxmail.com by July 25, 2025 to avoid higher TDS.
This is a routine procedural communication with no material impact on the stock price. Shareholders should act before the July 25, 2025 deadline to ensure the correct TDS rate is applied, otherwise they may need to claim refunds when filing their income tax returns.