Communication to Shareholders - Intimation on Tax Deduction at source (TDS) on Dividend for financial year 2024-25.
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Patels Airtemp India Ltd has recommended a dividend of ₹3.00 per equity share (30% on face value of ₹10) for FY 2024-25, subject to shareholder approval at the 33rd AGM on Saturday, 27th September 2025. The record date has been fixed as Friday, 19th September 2025 to identify eligible shareholders. The company is informing shareholders about TDS provisions under the Income Tax Act: 10% TDS for resident shareholders with valid PAN, 20% for those without PAN, and 20% for specified non-filers under Section 206AB. Resident individuals receiving total dividend up to ₹10,000 in FY 2025-26 are exempt from TDS, and Form 15G/15H can be submitted to avoid deduction. Non-resident shareholders can avail DTAA benefits by submitting relevant documents including TRC, PAN, and Form 10F by 5:00 PM on the record date.
This is a routine TDS compliance communication ahead of dividend payment. Shareholders should ensure PAN is linked with Aadhaar and submit required tax documents by 19th September 2025 to avoid higher TDS deduction. The 30% dividend is a positive signal for income-seeking investors, though actual yield depends on the current market price.