Communication To Shareholders - Intimation Of Tax Deduction At Source (TDS)
PREMIERENE · price
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Premier Energies has announced a second interim dividend of ₹0.75 per equity share (75%) for FY 2025-26, approved at the May 4, 2026 board meeting. The record date is May 9, 2026. This follows a first interim dividend of ₹0.25 per share (25%) already paid earlier in the year, bringing the total interim dividend to ₹1.00 per share (100%). The company is informing shareholders about mandatory TDS provisions under the Income-tax Act, 2025 (as amended by Finance Act, 2026), with varying withholding rates ranging from 0% to 35% depending on shareholder category and documentation submitted. Shareholders must update PAN and submit required forms to the RTA (KFintech) by May 9, 2026 to avoid higher TDS rates.
The announcement is procedural in nature, informing shareholders of TDS requirements rather than announcing new dividend decisions. The underlying dividend (₹1.00 per share total) reflects the company's continued shareholder returns. Tax deducted will reduce actual dividend received by shareholders based on their residential status and documentation.