Titan Company Limited has informed the Exchange about 'Communication to Shareholders - Intimation on Tax Deduction on Dividend
TITAN · price
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Titan Company has informed shareholders about the tax rules that will apply when it pays out the dividend recommended for FY 2024-25. The Board has proposed a dividend of Rs. 11 per equity share (on a face value of Rs. 1, i.e., 1100%), which will be paid after shareholder approval at the upcoming 41st AGM. The company will deduct tax at source (TDS) before paying the dividend — 10% for resident shareholders with a valid PAN, and 20% if PAN is missing, invalid, or not linked with Aadhaar. Non-resident shareholders will face 20% TDS (plus surcharge and cess), though they can claim lower rates under the Double Tax Avoidance Agreement (DTAA) by submitting relevant documents. Shareholders must submit required forms (15G/15H for residents, 10F and Tax Residency Certificate for non-residents) by 8th July 2025 to avoid higher TDS.
This is a routine tax-compliance communication ahead of the dividend payout. Shareholders should ensure PAN is linked with Aadhaar and submit exemption forms (15G/15H) before the 8th July deadline to avoid 20% TDS instead of 10%. Non-resident shareholders need to act early to claim beneficial DTAA rates. No change in the dividend amount or company fundamentals is implied.