RHI MAGNESITA INDIA LTD has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Communication to Shareholders on Tax Deduction at Source (TDS) for Dividend Income.'
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RHI Magnesita India has sent shareholders a detailed communication explaining the TDS process for the Final Dividend of Rs. 2.50 per equity share (face value Re. 1) recommended for FY 2024-25. The Board declared this dividend on May 28, 2025, and it will be paid within 30 days of shareholder approval at the upcoming AGM. The standard TDS rate is 10% for resident shareholders with a valid PAN, while higher rates of 20% apply for invalid or inoperative PANs, and 30% for shareholders from notified jurisdictional areas. Non-resident shareholders will face 20% plus surcharge and cess, or a lower treaty rate if proper documents (TRC, Form 10F, self-declaration) are submitted. Shareholders seeking exemption or lower TDS rates must submit the required documents (Form 15G/15H, PAN, TRC, etc.) to investors.india@rhimagnesita.com by September 19, 2025.
This is a routine regulatory disclosure and is unlikely to move the stock. Shareholders who fail to submit documents by the September 19, 2025 deadline will face higher TDS deduction on their dividend. No TDS will apply if total dividend from the company in FY 2025-26 is Rs. 10,000 or less for resident individuals.