Tejas Networks Limited has informed the Exchange about Communication to Shareholders - Intimation of Tax Deduction on Dividend
TEJASNET · price
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Tejas Networks has informed shareholders about tax deduction rules on its proposed dividend. The Board had recommended a dividend of Rs. 2.50 per equity share (25% on face value of Rs. 10) for FY25, subject to shareholder approval at the AGM on June 27, 2025. The company will deduct tax at source (TDS) at 10% for resident shareholders with valid PAN, 20% for those without valid PAN or with PAN-Aadhaar not linked, and nil for those submitting Form 15G/15H. Non-resident shareholders will face 20% TDS or the applicable lower tax treaty rate, with extra surcharge and cess where applicable. Shareholders must submit required documents (Form 15G/15H, PAN, TRC for non-residents) by June 16, 2025.
Shareholders should ensure their PAN is linked with Aadhaar and bank/email details are updated with the RTA (MUFG Intime) to receive the full Rs. 2.50 per share dividend without higher tax deductions. Failure to submit documents by the deadline will result in higher TDS or delayed credit of the dividend.