Pursuant to the Finance Act, 2020, with effect from April, 01,2020, dividend income is taxable in the hands of the Shareholders. In view of the same, please find enclosed herewith an email ....
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Mafatlal Industries has informed shareholders that its Board will meet on November 4, 2025, to consider declaring an Interim Dividend for FY 2025-26, with the record date set for November 14, 2025. Since the Finance Act 2020, dividend income is taxable in shareholders' hands, and the company will deduct tax at source at the time of payment. For resident shareholders, TDS will be 10% (or 20% if PAN is missing/invalid or returns are not filed), while non-resident shareholders face 20% (plus surcharge and cess) or the applicable tax treaty rate, subject to document submission. No TDS applies to resident individuals whose total dividend income in FY 2025-26 is up to ₹10,000, and Form 15G/15H can be submitted by eligible individuals to claim nil deduction. Shareholders must submit required documents (PAN, TRC, Form 10F, declarations) via KFin Technologies by November 14, 2025, to ensure the correct TDS rate is applied.
This is a standard procedural tax-compliance communication ahead of a potential dividend declaration, not a dividend announcement itself. Shareholders should ensure their PAN, Aadhaar linkage, and relevant tax-exemption documents are in order before November 14, 2025, to avoid excess TDS deduction. No direct impact on stock price, but signals that the company is preparing for a possible dividend payout in the near term.