Mangalam Cement 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'.
MANGLMCEM · price
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Mangalam Cement has informed shareholders that the Board has recommended a final dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10) for FY 2024-25, subject to shareholder approval at the AGM on 22nd August 2025. The record date has been fixed as 15th August 2025, and the dividend will be paid on or after 26th August 2025. The company has detailed the TDS provisions: 10% for resident shareholders with PAN, 20% without PAN or with invalid PAN, NIL TDS for resident individuals whose aggregate dividend is up to Rs. 10,000 or those submitting valid Form 15G/15H. Foreign Portfolio Investors and non-resident shareholders face 20% TDS (plus surcharge/cess), which can be reduced under applicable tax treaties if proper documents (PAN, Tax Residency Certificate, Form 10F, Self-Declaration) are furnished. Shareholders must submit required tax documents by 16th August 2025, 11:00 AM via the RTA portal, otherwise TDS will be deducted at the higher applicable rate.
This is a routine tax-related communication accompanying a modest final dividend declaration. Shareholders need to act before 16th August 2025 if they wish to claim a lower TDS rate or exemption, otherwise tax will be deducted at the default rate. The actual dividend outflow is contingent on AGM approval, but the announcement signals a regular dividend-paying stance by the company with no negative implications for the stock.