The Phoenix Mills Limited has informed the Exchange about Communication to Shareholders- Intimation on deduction of tax at source on final dividend recommended.

The Phoenix Mills Limited has communicated to shareholders about tax deduction at source on the final dividend of Rs. 2.50 per equity share (125% on face value of Rs. 2) recommended for FY ended March 31, 2025, pending declaration at the 120th AGM. The dividend will be paid within 30 days of declaration, and tax will be deducted at source as per Income Tax Act provisions. For resident shareholders with valid PAN, TDS is 10%; without PAN it rises to 20%. Non-resident shareholders face 20% TDS plus surcharge/cess or the lower DTAA treaty rate, subject to documentation. Shareholders must submit required documents (PAN, Form 15G/15H, TRC, Form 10F, etc.) to the RTA by September 12, 2025, to avoid higher tax deduction.