The Great Eastern Shipping Company Limited has informed the Exchange regarding 'tds communication'.
GESHIP · price
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Great Eastern Shipping has informed shareholders about tax deduction at source (TDS) on its 4th interim dividend of Rs. 5.40 per equity share declared for FY 2024-25. For resident shareholders with a valid PAN linked to Aadhaar, TDS will be deducted at 10%, while those without a valid PAN face a higher 20% rate. No TDS applies if the dividend amount is below Rs. 10,000 or if eligible shareholders submit Form 15G/15H. Non-resident shareholders will face 20% TDS (plus surcharge and cess), but can claim lower rates under applicable Double Tax Avoidance Treaties (DTAA) by submitting required documents. Shareholders must submit all TDS-related documents to the company's RTA (KFin Technologies) or via designated email IDs by May 14, 2025. The company has clarified that TDS will be determined solely based on records available with the RTA/depositories as of the cut-off date.
This is a routine compliance communication related to dividend distribution and does not impact the company's fundamentals or stock price. Shareholders need to ensure their PAN, Aadhaar, and tax residency details are updated with their depository or the RTA before May 14, 2025, to avoid higher TDS deductions. Those eligible for exemptions or DTAA benefits should submit the required documentation promptly to optimize their tax outcome.