Lux Industries Limited has informed the Exchange regarding 'Communication to Shareholders: Intimation on Tax Deduction at Source (TDS)/ withholding tax on Dividend for FY25'.
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Awaiting price reaction for this filing.
Lux Industries has written to shareholders explaining the tax deduction at source (TDS) process for its proposed final dividend of Rs. 2.00 per equity share (face value Rs. 2) for FY25. The dividend was recommended by the Board on May 23, 2025, and is subject to shareholder approval at the 30th AGM scheduled for September 22, 2025. The record date for eligibility is September 15, 2025, and shareholders must update PAN, KYC, bank and tax-residency details by that date. Standard TDS rate is 10% for resident shareholders with valid PAN, 20% if PAN is invalid or missing, and 20% (or lower treaty rate) for non-residents including FPIs/FIIs. Shareholders seeking nil or lower tax deduction must submit Form 15G/15H, TRC, Form 10F, or other relevant documents via the KFin Technologies portal before September 15, 2025.
Routine compliance filing — no change to the underlying dividend of Rs. 2 per share. Shareholders should ensure PAN, bank, and tax documents are updated by September 15 to avoid excess TDS deduction; the announcement itself is unlikely to move the stock price.