Communication to Shareholders - Intimation regarding Tax Deduction on Dividend
NAVINFLUOR · price
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Navin Fluorine International has announced a final dividend of ₹8.60 per equity share (face value ₹2 each) for FY 2025-26, subject to shareholder approval at the 28th Annual General Meeting. The record date is June 12, 2026, with dividend payment on or after August 13, 2026. Per Finance Act 2020, dividend income is taxable in shareholders' hands, and the company will deduct TDS at source. Resident shareholders face 10% TDS (with exemptions for dividend up to ₹10,000 or senior citizens submitting Form 15G), while non-resident shareholders face 20% or Tax Treaty rates. Shareholders must submit required documents to KFin Technologies by June 12, 2026 to avail lower TDS rates.
This is a routine compliance announcement informing shareholders about dividend tax withholding procedures. The actual dividend amount (₹8.60 per share) is unchanged and remains subject to AGM approval. Shareholders should ensure valid PAN and submit required forms to avoid higher 20% TDS deduction.