Vishnu Chemicals Limited has informed the Exchange regarding Communication w.r.t TDS on dividend pay-out.
VISHNU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vishnu Chemicals has sent shareholders a detailed communication explaining how tax will be deducted at source (TDS) on the final dividend of Rs. 0.30 per share (15% on Rs. 2 face value) for FY25, recommended by the Board on May 15, 2025. The record date for eligibility is August 8, 2025, with the AGM on August 14, 2025 and dividend payment on or before September 13, 2025. The letter explains TDS rates (10% for resident PAN holders, 20% without PAN, 20% plus surcharge for non-residents), exemptions available (e.g., nil TDS for dividend up to Rs 5,000 for resident individuals), and DTAA benefits for non-residents. Shareholders must submit relevant tax documents by July 25, 2025.
This is a routine procedural communication and does not change the dividend amount. Shareholders who fail to submit PAN or required declarations may face higher TDS deduction (up to 20%), though they can claim refunds later via income tax returns.