Intimation regarding deduction of Tax at source on Dividend
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Panchmahal Steel Ltd has informed shareholders about the applicable Tax Deduction at Source (TDS) provisions on the dividend proposed for FY 2024-25. The Board of Directors, at its meeting held on May 23, 2025, had recommended a dividend of Rs. 3 per equity share (face value Rs. 10 each), subject to shareholder approval at the 52nd Annual General Meeting scheduled for Monday, September 22, 2025. The dividend, if approved, will be paid within 30 days from the date of AGM declaration. TDS will be deducted at 10% for resident shareholders with valid PAN, 20% for those without/invalid PAN or where PAN is not linked with Aadhaar, and no TDS if total dividend during FY 2025-26 does not exceed Rs. 10,000 or valid Form 15G/15H is submitted. Non-resident shareholders will face 20% TDS (plus surcharge and cess), with DTAA benefits available subject to document submission. Shareholders must submit all tax-related documents and declarations by the cut-off date of Friday, September 12, 2025.
This is a standard procedural TDS intimation ahead of the AGM and does not change the underlying dividend amount. Shareholders should ensure their PAN is linked with Aadhaar and submit required forms (15G/15H or DTAA documents) before September 12, 2025 to avoid higher TDS deduction of 20%. The Rs. 3 dividend per share represents a 30% payout on face value, signalling continued returns to shareholders.