EMAIL TAX COMMUNICATION SENT OT SHAREHOLDERS WHOSE EMAIL ID ARE AVAILABLE FOR FINAL DIVIDEND FOR THE F.Y. 2024-25
NIRLON · price
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Nirlon Limited has sent an email communication to shareholders detailing the tax deduction rules applicable to the final dividend of Rs. 11 per share (110% on face value of Rs. 10) for FY 2024-25, as recommended by the Board on May 21, 2025. The record date for the dividend is Thursday, September 11, 2025. TDS will be deducted at 10% for resident shareholders (NIL if total dividend in a year is below Rs. 10,000, or if eligible Form 15G/15H is submitted) and at 20% (plus surcharge and cess) for non-resident shareholders, with higher rates applicable if PAN is not linked with Aadhaar. Shareholders must submit all required forms, declarations, and documents (PAN, Aadhaar linkage, TRC, Form 10F for NRIs, etc.) to the registrar MUFG by September 11, 2025 to avoid excess tax deduction. Shareholders holding shares in physical form are also reminded to update bank account details since dividends will be paid only electronically from April 1, 2024 onwards as per SEBI norms.
This is a routine procedural filing with no direct impact on the stock price. Shareholders should ensure their PAN-Aadhaar linkage is complete and submit exemption forms (15G/15H or relevant declarations) to the registrar before the September 11, 2025 record date to avoid higher TDS deduction on their dividend.