Please refer enclosed file
Awaiting price reaction for this filing.
Mahindra & Mahindra has informed shareholders about the recommended dividend of Rs. 25.30 per share (506% on the Rs. 5 face value) for FY 2024-25, subject to approval at the 79th AGM on 31st July, 2025. The Register of Members will be frozen from 5th July to 31st July, 2025, with the cut-off date being 4th July, 2025. Since dividend is now taxed in shareholders' hands post the Finance Act 2020, the company will deduct TDS at applicable rates — 10% for resident shareholders with valid PAN, 20% if PAN is missing/invalid or not linked with Aadhaar, and 20%+ for non-residents subject to DTAA benefits. Shareholders seeking exemptions (e.g., via Form 15G/15H or institutional declarations) must submit required documents by 27th June, 2025.
Routine TDS compliance communication — shareholders who want lower or zero tax deduction must act quickly and submit exemption forms/declarations by 27th June, 2025, or face higher TDS at the time of dividend payment after 31st July, 2025.