TRANSWORLD SHIPPING LINES LIMITED has informed the Exchange about General Updates about Communication to Shareholders - Intimation on Tax Deduction on Dividend
TRANSWORLD · price
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Transworld Shipping Lines Limited has informed shareholders about the tax deduction process for its recommended dividend of Rs. 1.50 per equity share (15%) on face value of Rs. 10 for FY ended 31st March 2025, subject to approval at the 37th AGM on 22nd August 2025. The record date for identifying eligible shareholders is 25th July 2025. As per the Income Tax Act, the company will deduct tax at source (TDS) at 10% for resident shareholders holding valid PAN, 20% (plus surcharge and cess) for non-resident shareholders, and NIL for exempted categories such as insurance companies, mutual funds, and certain AIFs, provided the required documents are submitted. Shareholders can submit Form 15G/15H or other supporting documents via the company's registrar portal (MUFG Intime) on or before 5th August 2025 to claim lower or NIL TDS. No documents received after this deadline will be considered for tax determination.
Eligible shareholders on the record date (25th July 2025) will receive the Rs. 1.50 per share dividend net of TDS. Shareholders should act quickly and submit the required forms by 5th August 2025 to avoid higher TDS deduction (20% instead of 10% for residents without PAN or missing documents).