MODISON LIMITED has informed the Exchange regarding 'Communication sent to the shareholders of the Company with respect to deduction of tax on Dividend declared and paid during the financial year 2025-26'.
MODISONLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modison Limited has written to shareholders explaining the tax deduction process on the final dividend of INR 2.00 per equity share (200% on face value of INR 1.00) declared for FY 2024-25, pending shareholder approval at the upcoming AGM (to be held on or before September 30, 2025). TDS will apply at different rates depending on shareholder category: 10% for resident shareholders with valid PAN, 20% for specified persons or those without valid PAN/Aadhaar linkage, and 20% or applicable tax treaty rate for non-resident shareholders. Shareholders in exempt categories (insurance companies, mutual funds, AIFs, government bodies, etc.) can claim nil TDS by submitting supporting documents. Shareholders must submit required documents (Form 15G/15H, PAN, TRC, Form 10F, etc.) to the RTA Purva Sharegistry or the company by August 29, 2025 to avoid higher TDS deduction.
Shareholders who do not submit the required tax documents by August 29, 2025 will face higher TDS deduction (up to 20%) on their dividend payouts. The final dividend of INR 2.00 per share remains subject to AGM approval, and eligible shareholders should act promptly to ensure correct tax treatment and avoid refund hassles later.