Maharashtra Scooters Limited has informed the Exchange regarding ''.Communication Sent To Shareholders Regarding Tax Deduction At Source (TDS) On Dividend"
MAHSCOOTER · price
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Awaiting price reaction for this filing.
Maharashtra Scooters Limited has written to shareholders about TDS rules applicable to its recently declared dividend. The Board had recommended a final dividend of ₹30 plus a special dividend of ₹30 per equity share (face value ₹10) for FY ending 31 March 2025, subject to shareholder approval. The record date is 27 June 2025 and the AGM is scheduled for 23 July 2025, with dividend payment expected on 28-29 July 2025. Shareholders must submit PAN, residential status, and category details to the registrar KFin Technologies by 4 July 2025 to avoid higher TDS deduction. TDS rates range from 0% (for small individual shareholders, mutual funds, insurance companies) to 10% for other residents and 20% plus surcharge/cess for non-residents, unless a DTAA benefit applies.
This is a routine compliance communication and does not change the dividend amount. Shareholders who fail to submit required documents by 4 July 2025 risk a higher TDS rate (up to 20%), which can be claimed as a refund later while filing returns. No direct impact on the stock price is expected from this filing.