Lumax Industries Limited has informed the Exchange about Communication to Shareholders regarding Tax Deduction at Source on Dividend for FY 2024-25.
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Lumax Industries has sent a communication to shareholders explaining the TDS process on the dividend declared for FY 2024-25. The Board has recommended a dividend of Rs. 35 per share (350%) on equity shares of Rs. 10 face value, subject to shareholder approval at the 44th AGM scheduled for August 25, 2025. The record date is August 7, 2025, and the dividend will be paid on or before September 23, 2025 after applicable TDS deduction. TDS rates vary by shareholder category: 10% for resident shareholders with valid PAN, 20% (or lower treaty rate) for non-residents, NIL for eligible entities like insurance companies, mutual funds, sovereign wealth funds, and certain AIFs. Shareholders must submit required documents such as PAN, Form 15G/H, TRC, or Form 10F to lumaxshare@lumaxmail.com by July 25, 2025; failure to do so may result in higher TDS deduction with no claim lying against the company.
This is a routine regulatory communication and not a new material event. Shareholders holding shares in physical form must update PAN, bank, and contact details, while non-residents should submit treaty documents to avoid the default 20% TDS rate. The actual dividend approval and quantum remain pending until the AGM.