Communication to Shareholders - intimation on Tax Deduction on Dividend
VISAKAIND · price
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Visaka Industries has informed shareholders about TDS applicable on the proposed final dividend of Rs. 0.50 per share (25%) on face value of Rs. 2 for FY 2024-25, recommended by the Board on May 21, 2025. The dividend is subject to shareholder approval at the AGM on July 30, 2025, and will be paid within 30 days thereafter. For resident shareholders with valid PAN, TDS will be deducted at 10%; without PAN or with PAN not linked to Aadhaar, the rate is 20%. Resident individuals with total dividends up to Rs. 10,000 in FY 2025-26, or those submitting Form 15G/15H, will be exempt from TDS. Non-resident shareholders face a 20% TDS (plus surcharge and cess), with lower rates possible under Double Tax Avoidance Agreements (DTAA) if required documents are submitted by July 10, 2025. Shareholders are urged to update PAN, bank, and contact details with their depositories or the registrar (Kfin Technologies) before the record date.
This is a routine compliance communication and does not affect the dividend amount or stock price directly. Shareholders should ensure their PAN, Aadhaar linkage, and bank details are updated before July 10, 2025 to avoid higher TDS deductions of 20% instead of 10%, or to claim exemptions via Form 15G/15H.