Mindteck (India) Limited has informed the Exchange about Communication to shareholders Tax Deducted at Source (TDS) on Dividend
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Mindteck (India) Limited has informed shareholders about Tax Deducted at Source (TDS) provisions applicable to the final dividend of Re. 1.00 per equity share (on face value of Re. 10) recommended for FY ended March 31, 2025. The dividend is subject to shareholder approval at the 34th AGM scheduled for August 8, 2025, with the record date set as August 1, 2025. TDS will be deducted at 10% for resident shareholders with valid PAN, 20% for those without PAN or invalid PAN, and at applicable rates (20% plus surcharge/cess or lower Tax Treaty rate) for non-resident shareholders. Shareholders must submit required documents like PAN, Form 15G/15H, or Tax Residency Certificate on or before August 1, 2025 to claim lower or nil TDS rates.
Shareholders as on the record date of August 1, 2025 will receive the Re. 1.00 per share dividend after TDS deduction. Those wanting to minimize TDS must ensure valid PAN and submit exemption documents (Form 15G/15H for residents, TRC and Form 10F for non-residents) before the deadline of August 1, 2025.