Nesco Limited has informed the Exchange regarding 'TDS Communication To Shareholders'.
NESCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nesco Limited has informed shareholders about TDS applicable on the final dividend recommended by the Board on 16 May 2025 at Rs. 6.50 per equity share (face value Rs. 2) for FY25, pending approval at the 66th AGM. The standard TDS rate for resident shareholders is 10%, rising to 20% if PAN is invalid or not provided, while non-residents face 20% (plus surcharge and cess) or the lower Tax Treaty rate. No TDS applies if a resident individual's total dividend in FY25 does not exceed Rs. 10,000, or if eligible shareholders submit Form 15G/15H. Mutual funds, insurance companies, and certain government-established corporations are exempt with proper documentation. Shareholders must submit required documents (PAN, TRC, Form 10F, declarations) via email to companysecretary@nesco.in or the MUFG portal by Friday, 25 July 2025; communications received after 23 July 2025 will not be considered.
This is a routine tax-compliance communication ahead of dividend distribution rather than a new corporate action, so it should have no material impact on the stock price. However, shareholders who fail to update PAN or submit Form 15G/15H by the 25 July deadline could see a higher 20% TDS deduction, reducing their net dividend receipt.