Email Communication sent to shareholders about the change in rules of income taxt w.r.t TDS on dividend and for the updation of PAN, Email ID, Mo no and Bank account is attached

Mercury Laboratories has informed BSE that it sent email communications to shareholders on July 10, 2025 regarding TDS rules on dividends and the need to update PAN, email, mobile number, and bank account details. The Board of Directors, at its meeting on May 14, 2025, had recommended a dividend of Rs. 3.5 per equity share (35% on face value of Rs. 10) for FY 2024-25, subject to shareholder approval at the AGM. The record date for determining dividend entitlement has been fixed as August 6, 2025. The communication outlines TDS rates — 10% for resident shareholders with valid PAN, 20% for those without PAN or with PAN not linked to Aadhaar, and NIL for eligible categories such as mutual funds, insurance companies, and NPS trusts upon submission of required documents. Non-resident shareholders will face 20% TDS (plus surcharge and cess) or the lower DTAA rate if proper documents are submitted.