Magellanic Cloud Limited has informed the Exchange about Communication to Shareholders - Intimation on Deduction of Tax at Source on Final Dividend recommended.
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Magellanic Cloud Limited has informed shareholders about the tax treatment of its final dividend for FY 2024-25. The Board, at its meeting on August 29, 2025, has recommended a final dividend of INR 0.03 per share on a face value of INR 2 each (1.5%), subject to shareholder approval at the upcoming 44th AGM. The dividend, if approved, will be paid to eligible shareholders within 30 days of declaration. The company is communicating TDS provisions to shareholders, with a deadline of September 13, 2025 for submitting forms like 15G/15H, PAN details, and other KYC information to avoid higher tax deduction.
For retail shareholders, this is a routine procedural communication. The final dividend is modest at just 1.5% on face value, and shareholders need to ensure their PAN is linked with Aadhaar and KYC details are updated by September 13, 2025 to avoid 20% TDS instead of the standard 10%. Investors below the tax threshold should submit Form 15G/15H to receive the full dividend without tax deduction.