Email Communication to shareholders for tax deduction on dividend payout
PARAGMILK · price
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Parag Milk Foods has sent an email to shareholders explaining the tax deduction process on its final dividend for FY 2024-25. The Board, at its May 2, 2025 meeting, had recommended a final dividend of Re. 1 (10%) per equity share on the face value of Rs. 10, subject to approval at the upcoming 33rd AGM. TDS will be deducted at 10% for resident shareholders (under Section 194) and 20% plus applicable surcharge and cess for non-residents. Shareholders must submit PAN, residential status, category, bank details, and any exemption documents (Form 15G/15H or DTAA certificates) to the registrar KFin Technologies by July 10, 2025, 6:00 p.m. IST. No TDS applies to resident individuals receiving total dividends up to Rs. 10,000 in a financial year.
This is a routine procedural communication that follows the company's already-announced final dividend of Re. 1 per share. It has no new material impact on the stock or shareholder value, but shareholders who fail to submit required documents by the July 10 deadline may face higher TDS deductions and will need to claim refunds in their income tax returns.