Relaxo Footwears Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation On Tax Deduction On Dividend'.
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Relaxo Footwears has sent shareholders a standard communication explaining how Tax Deducted at Source (TDS) will apply to the upcoming dividend for FY 2025-26. The Board, at its May 9, 2025 meeting, recommended a 300% dividend of Rs. 3.00 per equity share (face value Re. 1), subject to shareholder approval at the 41st AGM on August 28, 2025. The record date is August 21, 2025. The letter details TDS rates for resident shareholders (10% default, 20% if PAN not provided, nil for certain exempt categories) and non-resident shareholders (20% or treaty rate, whichever is beneficial), along with the documents required from each category. Shareholders must submit the relevant forms and PAN/KYC details with the company's RTA (KFin Technologies) on or before August 21, 2025 to avoid higher tax deduction.
This is a routine procedural filing and does not change the fundamental investment case. Shareholders should ensure their PAN, bank, and tax-related documents are updated with their depository or the RTA before the August 21, 2025 record date to avoid excess TDS being deducted from their dividend.