S H Kelkar and Company Limited has informed the Exchange regarding Communication to Shareholders: Dividend for FY 2024-25 Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend.
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S H Kelkar has recommended a final dividend of Re. 1 per equity share (10% on face value of Rs. 10) for FY 2024-25, subject to shareholder approval at the 69th AGM on August 12, 2025. The record date for eligibility is August 1, 2025, and the dividend will be paid on or after the AGM date. The company will deduct TDS at 10% for resident shareholders with valid PAN and at 20% for those without PAN, invalid PAN, or unlinked Aadhaar. Shareholders wanting lower or zero TDS (such as via Form 15G/15H for residents or DTAA benefits for non-residents) must submit the required documents to the RTA, MUFG Intime India Private Limited, by July 28, 2025, 6:00 p.m. Non-resident shareholders face a default withholding rate of 20% plus surcharge and cess, reducible via treaty benefits if proper documentation is provided.
The 10% dividend is modest but signals continued shareholder returns. Investors must submit tax exemption documents by July 28, 2025, or risk higher TDS deduction (up to 20%) on their dividend income.