UltraTech Cement Limited has informed the Exchange regarding 'Deduction Of Tax At Source On Dividend ShareholdersCommunication'.
ULTRACEMCO · price
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UltraTech Cement has informed shareholders about tax deduction at source (TDS) on the dividend recommended by the Board on April 28, 2025. The dividend is Rs. 77.50 per equity share (face value Rs. 10) for FY ended March 31, 2025, subject to AGM approval. For resident shareholders, TDS will be 10% under Section 194; no TDS applies if total dividend to an individual in FY26 does not exceed Rs. 10,000, or if valid Form 15G/15H is submitted. Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, with lower rates possible under Double Taxation Avoidance Agreements if documents (PAN, TRC, Form 10F, self-declaration) are provided. Shareholders must ensure their PAN is linked with Aadhaar, otherwise TDS will be deducted at the higher rate of 20%. The last date to submit all relevant documents and declarations to the Company's RTA (KFin Technologies) is July 15, 2025.
This is a routine tax-deduction communication ahead of dividend payment, not a new corporate action. Shareholders should check PAN-Aadhaar linkage and submit Form 15G/15H or DTAA documents before July 15, 2025 to avoid excess TDS. The strong Rs. 77.50/share dividend payout signals healthy cash generation, supportive for income-focused investors.