NOCIL Limited has informed the Exchange regarding ' Communication to Shareholders-Intimation regarding Tax Deduction on Dividend '.
NOCIL · price
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NOCIL Limited has informed shareholders about the tax deduction at source (TDS) on the final dividend of Rs 2 per equity share (face value Rs 10) recommended for FY 2024-25, subject to shareholder approval at the AGM on 7th August 2025. The dividend will be paid on or after 14th August 2025 to shareholders on record as of 30th July 2025. Resident shareholders face a default TDS of 10%, which rises to 20% if PAN is not provided or not linked with Aadhaar. Non-resident shareholders will be taxed at 20% plus applicable surcharge and cess, or at a lower tax treaty rate if relevant documents are submitted. Shareholders must submit required documents (PAN, Form 15G/15H, tax residency certificates, etc.) to the company's RTA, KFin Technologies, by 21st July 2025 to claim exemptions or lower TDS rates.
This is a routine regulatory communication and is unlikely to impact the stock price. Shareholders should ensure their PAN, Aadhaar, and bank details are updated, and submit exemption documents before 21st July 2025 to avoid higher TDS deduction on their dividend income.