Oriental Aromatics Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
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Awaiting price reaction for this filing.
Oriental Aromatics has informed shareholders about the tax deduction process on its recommended final dividend of Rs. 0.50 per equity share (10% on face value of Rs. 5) for FY 2024-25, subject to approval at the AGM on August 21, 2025. The record/cut-off date is August 8, 2025. As per the Income Tax Act, the company will deduct TDS at 10% for resident shareholders (20% if PAN is not provided) and 20% plus applicable surcharge and cess for non-resident shareholders, or the lower Tax Treaty rate if valid documents are submitted. Shareholders seeking lower or zero TDS must submit relevant forms (Form 15G/15H for residents, Form 10F/TRC for non-residents) on or before August 8, 2025. The communication also explains the process for brokers/custodians to transfer TDS credit to underlying clients under Rule 37BA(2).
This is a routine procedural communication and is unlikely to have a direct impact on the stock price. Shareholders should ensure their PAN and other documents are updated with the depository or registrar, and submit exemption forms by the August 8, 2025 deadline to avoid higher TDS deduction on their dividend income.