Rallis India Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
RALLIS · price
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Awaiting price reaction for this filing.
Rallis India has written to shareholders explaining how tax will be deducted at source (TDS) on the Rs. 2.50 per share dividend (250% on face value of Re. 1) recommended by the Board on April 23, 2025 for FY25. The Annual General Meeting is scheduled for June 23, 2025, with the record date for dividend eligibility set as June 5, 2025. Standard TDS rates apply: 10% for resident shareholders with a valid PAN, 20% without PAN or if PAN-Aadhaar is not linked, and 20% (plus surcharge and cess) for non-resident shareholders unless tax treaty benefits are claimed with proper documentation. Shareholders must submit Form 15G/15H (for resident individuals seeking exemption), PAN, Aadhaar linkage, and other supporting documents such as Tax Residency Certificate and online Form 10F (for non-residents) by June 3, 2025. No communication on tax determination will be entertained after this deadline, though shareholders can still claim refunds by filing a return.
This is a routine procedural filing, not new information — the dividend was already announced on April 23, 2025. Shareholders should update PAN/Aadhaar linkage, bank details, and submit applicable exemption forms before June 3, 2025 to avoid higher 20% TDS. No material impact on the stock price is expected; the announcement simply operationalises the previously declared dividend.