Please find enclosed a specimen of the e-mail which has been sent to the shareholders today, viz. July 29, 2025, whose e-mail addresses are registered with their Depository/Registrar and ....
MAJESAUT · price
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Majestic Auto Ltd has sent shareholders an email explaining the TDS provisions on the Final Dividend for FY 2024-25. The Board of Directors had, on May 26, 2025, recommended a total dividend of Rs. 10 per equity share on a face value of Rs. 10, of which Rs. 5 per share was already paid as Interim Dividend. The remaining Rs. 5 as Final Dividend awaits shareholder approval at the 52nd AGM on August 8, 2025. The Record Date for eligibility is Friday, August 1, 2025, and payment will be made on or before September 7, 2025. TDS will be deducted at 10% for resident shareholders with a valid PAN (20% otherwise), and at 20% plus applicable surcharge and cess for non-resident shareholders. Shareholders must ensure PAN, KYC, contact, and bank account details are updated with the RTA (Alankit Assignments Limited) to receive the dividend electronically and avoid higher TDS.
This is a routine procedural communication ahead of the final dividend payout. Shareholders holding shares in physical form or those without updated PAN/KYC details risk facing a higher TDS rate of 20% and should update their records with the RTA before the August 7, 2025 deadline. The total Rs. 10 per share dividend for FY25 is shareholder-friendly, but this filing itself does not change the dividend quantum.