SHREE CEMENT LIMITED has informed the Exchange regarding 'Tax Deduction on Dividend'.
SHREECEM · price
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Shree Cement has informed shareholders about the tax deduction at source (TDS) applicable on its final dividend of Rs. 60 per equity share (600%) for FY 2024-25, recommended by the Board on May 14, 2025. The dividend is subject to shareholder approval at the AGM on August 4, 2025, with a record date of July 21, 2025. TDS will be deducted at 10% for resident individuals, 20% (or lower tax treaty rate) for non-residents, and NIL for exempt categories like insurance companies, mutual funds, and those submitting Form 15G/15H. Shareholders without a valid PAN or with PAN-Aadhaar not linked will face a higher 20% TDS. Required documents must be submitted to the RTA (MUFG Intime) by July 20, 2025, 5:00 PM IST.
This is a routine procedural communication with no direct impact on the stock price. Shareholders should ensure their PAN is updated and submit Form 15G/15H (if eligible) before the July 20 deadline to avoid excess TDS deduction.