United Breweries Limited has informed the Exchange about General Updates
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United Breweries has written to its shareholders explaining how tax will be deducted at source (TDS) from the dividend for FY 2024-25, if approved at the upcoming AGM. The Board had earlier recommended a dividend of ₹10 per equity share (face value ₹1) at its May 7, 2025 meeting, subject to shareholder approval at the 26th AGM on August 7, 2025. The record date for eligibility has been fixed as July 31, 2025. Since the Dividend Distribution Tax was abolished from April 1, 2020, the dividend is now taxable in the hands of shareholders, and TDS will be applied at prescribed rates. Shareholders seeking exemptions must submit the required forms and documents by July 31, 2025.
No new material information for shareholders — the ₹10 dividend was already announced in May. Investors should ensure their tax exemption documents (if applicable) are submitted by July 31, 2025 to avoid excess TDS deduction on their dividend income.