Communication to shareholders - intimation regarding Tax Deduction on Dividend.
NAVINFLUOR · price
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Navin Fluorine International has recommended a final dividend of ₹8.60 per equity share (face value ₹2 each) for FY 2025-26, subject to shareholder approval at the 28th AGM. The record date for dividend eligibility is June 12, 2026, with payment scheduled on or after August 13, 2026. As per Finance Act 2020, dividend income is taxable in shareholders' hands, requiring the company to deduct TDS at rates ranging from NIL to 20% depending on shareholder category and documentation submitted. Resident individual shareholders with dividend up to ₹10,000 are exempt from TDS, while those without valid PAN face 20% TDS.
Standard compliance communication with no direct impact on stock price. Shareholders should ensure valid PAN and submit required forms to optimize TDS deductions before the June 12, 2026 deadline.