Narayana Hrudayalaya Ltd. has informed the Exchange regarding 'Communication To Shareholders - Intimation On Tax Deduction On Dividend'.
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Narayana Hrudayalaya has informed shareholders about tax deduction rules on the upcoming dividend. The Board, at its May 23, 2025 meeting, recommended a dividend of Rs. 4.50 per equity share (face value Rs. 10) for FY25, subject to shareholder approval at the 25th AGM on August 29, 2025. The record date for dividend entitlement is August 1, 2025, and shareholders must submit relevant tax exemption documents by August 8, 2025. TDS will be deducted at 10% for resident shareholders with valid PAN, 20% without PAN, NIL for individual shareholders receiving up to Rs. 10,000 in total dividends or those submitting Form 15G/15H, and 20% (plus surcharge/cess) for non-resident shareholders unless DTAA benefits are claimed. Shareholders need to ensure PAN, Aadhaar linking, bank details, and KYC are updated with their depository or RTA (KFin Technologies).
This is a routine regulatory disclosure ahead of the dividend payment. Shareholders, especially non-residents and those seeking lower TDS, must act quickly to submit required forms by August 8, 2025, or face higher tax deduction. No direct impact on stock price expected, but timely action by shareholders ensures they receive the correct net dividend amount.