Pidilite Industries Limited has informed the Exchange regarding 'Communication to Shareholders Intimation on Tax Deduction on Dividend'.
PIDILITIND · price
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Pidilite Industries has informed shareholders about the tax deduction rules applicable to the dividend of Rs. 20 per equity share (Re. 1 face value) recommended by the Board on 8th May 2025 for FY25, pending approval at the upcoming AGM. Since the abolition of Dividend Distribution Tax from April 2020, the company must deduct tax at source — 10% for resident shareholders with valid PAN, 20% for those without, and 20% plus surcharge/cess for non-residents (with DTAA relief available). Shareholders must submit relevant forms (15G/15H, PAN, TRC, Form 10F, etc.) by 19th July 2025 to avoid higher TDS. The communication also reminds physical-folio holders to update bank, PAN, and nomination details, as dividends for them will be paid only electronically from 1st April 2024.
This is a procedural TDS intimation, not a new dividend announcement — no direct impact on share price. Shareholders should ensure PAN is linked with Aadhaar and submit exemption forms before 19th July 2025 to avoid excess tax deduction on the Rs. 20 dividend.