Tata Investment Corporation Limited has informed the Exchange regarding 'Communication To Shareholders - Intimation on Tax Deduction on Dividend'.
TATAINVEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tata Investment Corporation has informed shareholders about tax deduction at source (TDS) rules applicable to the dividend recommended for FY25. The Board, at its April 21, 2025 meeting, had recommended a dividend of Rs. 27 per equity share (270%) on a face value of Rs. 10, subject to shareholder approval at the AGM on July 1, 2025. Per the Income Tax Act, the company will deduct TDS on the dividend: 10% for resident shareholders with a valid PAN, 20% for those without a PAN or with invalid PAN, and 20% (plus surcharge and cess) or the applicable tax treaty rate for non-resident shareholders. Shareholders seeking lower or zero TDS must submit relevant documents (PAN, tax residency certificate, Form 10F, declarations, Form 15G/15H where applicable) to the company at dividend@tatainvestment.com by June 6, 2025.
This is a procedural filing following the already-announced 270% dividend, so no fresh positive surprise for the stock. However, shareholders who fail to update their PAN or submit required documents by June 6, 2025 will face a higher 20% TDS deduction, meaning less take-home dividend.