Email Communication to shareholders for deduction of Tax at Source on Final Dividend.
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Mangal Compusolution Ltd has informed shareholders about the tax deduction at source (TDS) rules applicable on its final dividend of Rs. 0.50 (5%) per equity share (face value Rs. 10) for FY ended March 31, 2025, pending approval at the 15th AGM. The record date is Tuesday, September 9, 2025, and the shareholder register will be closed from September 10 to September 17, 2025. For resident shareholders, TDS will be 10% if PAN is available and 20% if not; non-residents will face 20% plus surcharge and cess, or the tax treaty rate if documents are provided. Shareholders claiming nil or lower TDS (e.g., via Form 15G/15H, insurance companies, government entities, mutual funds, or DTAA benefits for NRIs) must submit relevant documents to the company's RTA, KFin Technologies Limited, before the record date.
This is a routine procedural disclosure and is unlikely to move the stock price. Shareholders should ensure their PAN, bank details, and exemption documents are updated with KFin Technologies before September 9, 2025, to avoid excess TDS deduction.