NBCC (India) Limited has informed the Exchange regarding 'Communication on Tax Deduction at Source (TDS) on Final Dividend (FY 2024-25)'.
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Awaiting price reaction for this filing.
NBCC (India) Limited has informed shareholders about Tax Deduction at Source (TDS) on the final dividend for FY 2024-25. The Board had recommended a final dividend of ₹0.14 (14%) per equity share of ₹1 face value on May 29, 2025, pending shareholder approval at the upcoming AGM. As per the Income Tax Act, 1961 (amended by the Finance Act, 2020), dividends paid after April 1, 2020 are taxable in the hands of shareholders, so the company will deduct TDS at the time of payment. Shareholders who wish to claim exemption from TDS must submit the prescribed documents to the company by email at dividend.tax@nbccindia.com on or before September 9, 2025. A detailed TDS communication note has also been uploaded on the company's website.
This is a procedural reminder — shareholders eligible for TDS exemption (e.g., those with lower income or specific tax residency status) should submit their documents before the September 9, 2025 deadline to avoid having tax deducted from their dividend. No new financial impact on the stock price is expected from this filing.