Tata Elxsi Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
TATAELXSI · price
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Tata Elxsi has informed shareholders about the tax deducted at source (TDS) process on the final dividend of Rs. 75 per equity share (face value Rs. 10) recommended by the Board on April 17, 2025, for FY ended March 31, 2025. The dividend is subject to shareholder approval at the 36th AGM on June 25, 2025. Shareholders must submit tax-related documents (Form 15G/15H, 10F, PAN, TRC for NRIs, etc.) by June 11, 2025 to avoid higher TDS. Resident shareholders with valid PAN will face 10% TDS, while those without PAN or submitting Form 15G/15H (for eligible individuals) can get NIL deduction. Non-resident shareholders face 20% TDS plus surcharge/cess, or treaty rate if documents are provided.
This is a routine administrative communication about TDS on the already-announced Rs. 75 final dividend. No new material information for stock price; shareholders should submit exemption forms before June 11, 2025 to optimize tax deduction.