Mahindra & Mahindra 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.
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Mahindra & Mahindra has communicated to shareholders that the Board has recommended a dividend of Rs. 25.30 per equity share (506% on face value of Rs. 5) for FY 2024-25, subject to shareholder approval at the 79th AGM scheduled for 31st July, 2025. The dividend will be paid after 31st July, 2025. The record date is 4th July, 2025, with the Register of Members and Share Transfer Books closed from 5th July to 31st July, 2025. The filing details TDS/withholding tax provisions applicable to resident and non-resident shareholders, with TDS generally at 10% for residents with valid PAN and 20% for non-residents. Shareholders must submit relevant tax exemption documents by 27th June, 2025 to avoid higher TDS deduction.
This is a routine tax-related communication accompanying the FY25 dividend declaration. Shareholders should ensure PAN, Aadhaar linkage, and tax exemption documents are updated by 27th June, 2025 to avoid excess TDS deduction. The dividend itself remains subject to AGM approval and is positive for income-seeking shareholders.