Mahindra Lifespace Developers Limited has informed the Exchange regarding 'Communication to Shareholders: Dividend for FY 2024-25 Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend'.
MAHLIFE · price
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Mahindra Lifespace Developers has informed shareholders about the final dividend of Rs. 2.80 per equity share (28% on face value of Rs. 10) approved by the Board on April 25, 2025 for FY 2024-25. The dividend is subject to shareholder approval at the AGM scheduled on July 25, 2025, with the record date set as July 18, 2025. The company will deduct TDS at source — 10% for resident shareholders with valid PAN, 20% without PAN or if PAN-Aadhaar is not linked, and 20% (plus surcharge and cess) for non-resident shareholders. Shareholders below the taxable threshold can submit Form 15G/15H to claim exemption, and non-residents can claim lower rates under the applicable tax treaty by submitting required documents. The deadline for submitting all TDS-related declarations and documents is July 7, 2025.
Eligible shareholders will receive a final dividend of Rs. 2.80 per share, but the net amount credited will be lower depending on their tax status and TDS applicability. Shareholders must ensure their PAN, Aadhaar, bank details, and category are updated with their depository or RTA (KFin Technologies) by July 7, 2025 to avoid excess tax deduction and delays.