Vinati Organics Limited has informed the Exchange regarding 'Email Communication To Shareholders Regarding Dividend Taxation Provisions'.
VINATIORGA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vinati Organics has sent an email to shareholders explaining the tax deduction rules applicable to the Final Dividend of ₹7.50 per share (750% on face value of ₹1) recommended by the Board on May 15, 2025 for FY2024-25, pending AGM approval. As per the Income Tax Act, dividends paid after April 1, 2020 are taxable in shareholders' hands, so the company will deduct TDS at applicable rates. For resident shareholders, TDS is 10% (nil for individuals receiving up to ₹10,000 in total dividends, or if valid Form 15G/15H is submitted); for non-residents, TDS is 20% plus surcharge/cess, with lower rates possible under DTAA treaties if proper documents (PAN, Tax Residency Certificate, Form 10F, self-declaration) are furnished. Shareholders must submit the required forms and documents to the company's RTA (MUFG) by July 25, 2025, failing which the higher default TDS rate will apply. The communication also reminds shareholders to update their email IDs, phone numbers, and bank details with the RTA or depository participants.
This is a routine procedural filing and does not change the dividend amount. Shareholders who fail to submit the required tax forms by July 25, 2025 will face higher TDS deduction (up to 20%) and would need to claim refunds via their income tax return. Shareholders should act promptly to submit Form 15G/15H or DTAA documents to minimize tax withholding.