Veedol Corporation Limited has informed the Exchange about TDS Communication to the shareholders
VEEDOL · price
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Veedol Corporation has sent a routine tax-deduction-at-source (TDS) communication to shareholders regarding the Final Dividend of Rs. 22 per equity share (face value Rs. 2 each) recommended for FY 2024-25. The Board had recommended this dividend on May 28, 2025, and the 102nd AGM to declare it is scheduled for August 27, 2025. The record date is July 7, 2025, and shareholders must submit PAN, Form 15G/15H, Form 10F, or other relevant documents by July 31, 2025 to claim lower or nil TDS. TDS will be deducted at 10% for resident shareholders with valid PAN and 20% without PAN, while non-residents face 20% (plus surcharge and cess) or DTAA rate, whichever is lower.
This is a procedural tax-compliance filing and does not change the dividend amount or stock fundamentals. Shareholders who fail to submit required documents by July 31, 2025 will face higher TDS deduction (up to 20%) on their dividend payouts.