Uttam Sugar Mills Limited has informed the Exchange regarding 'Communication sent to Shareholders regarding deduction of tax at source on dividend'.
UTTAMSUGAR · price
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Uttam Sugar Mills has informed shareholders about the TDS process for the final dividend of Rs. 2.50 per share (25% on face value of Rs. 10) recommended by the Board on May 23, 2025 for FY 2024-25, pending approval at the AGM on September 19, 2025. The record date for eligibility is September 12, 2025, and dividend will be paid within 30 days of declaration. TDS will be deducted at 10% for shareholders with valid PAN and 20% for those without PAN or with PAN-Aadhaar not linked. Resident individuals with total dividend income up to Rs. 10,000 in FY 2025-26 are exempt, and eligible shareholders can submit Form 15G/15H by September 12, 2025 to avoid TDS. Non-resident shareholders face 20% TDS but can claim DTAA benefits by submitting TRC, Form 10F, and self-declaration to the RTA (MUFG Intime) by the record date.
This is a routine regulatory communication with no direct impact on stock price. Shareholders should update their PAN, bank details, and email IDs, and submit exemption forms by September 12, 2025, to avoid higher TDS deduction of 20% on their dividend income.