Tribhovandas Bhimji Zaveri Limited has informed the Exchange about General Updates
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TBZ (Tribhovandas Bhimji Zaveri) has sent shareholders a detailed note explaining how tax will be deducted on the upcoming dividend. The Board has recommended a dividend of Rs. 2.25 per share (22.5%) on a face value of Rs. 10 for FY 2024-25, subject to approval at the AGM on 9th September 2025, with the record date set as 2nd September 2025. TDS will be deducted at 10% for resident shareholders and 20% plus surcharge/cess for non-resident shareholders, with nil deduction for resident individuals whose total dividend income for the year does not exceed Rs. 10,000, or who submit valid Form 15G/15H. Shareholders must update their PAN, category, residential status, and bank details with the depository or the RTA (KFin Technologies) by 31st August 2025 to avoid higher TDS. Higher TDS rates (up to 20%) will apply if PAN is missing, not linked with Aadhaar, or for those covered under Section 206AB (non-filers).
Existing shareholders should update their PAN and KYC details with the RTA or depository before 31st August 2025 to ensure correct TDS is applied; failure to do so will result in a higher tax deduction on the dividend payout.