Navin Fluorine International Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation regarding Tax Deduction on Dividend'.
NAVINFLUOR · price
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Navin Fluorine International has informed shareholders about tax deduction at source (TDS) on the final dividend recommended for FY25. The Board, at its May 9, 2025 meeting, proposed a final dividend of ₹7 per equity share (face value ₹2), subject to shareholder approval at the upcoming 27th AGM. The record date is July 4, 2025, and dividend payment will be made on or after August 8, 2025. As per the Finance Act 2020, dividend income is taxable in shareholders' hands, and TDS will be deducted at 10% for resident shareholders with valid PAN, 20% for those without PAN or with invalid PAN, and at 20% or applicable tax treaty rate (whichever is lower) for non-residents. Shareholders must submit required documents (PAN updates, Form 15G/15H, TRC for non-residents, etc.) to the company's RTA KFin Technologies by July 4, 2025 to avoid higher TDS deduction.
This is a routine TDS compliance communication and does not signal any change in business or capital allocation. Shareholders should ensure their PAN is updated and submit relevant exemption documents by July 4, 2025 to avoid excess tax deduction; the stock price is unlikely to be materially affected.