Welspun Corp Limited has informed the Exchange regarding 'Deduction of tax at source on dividend Shareholders Communication'.
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Welspun Corp has communicated to shareholders the procedure for Tax Deduction at Source (TDS) on the FY2024-25 dividend. The Board, on May 28, 2025, recommended a 100% dividend of Rs. 5 per equity share (face value Rs. 5), pending shareholder approval at the upcoming AGM. TDS of 10% applies to resident shareholders with valid PAN, 20% without PAN, and 20% plus surcharge/cess for non-residents (lower rates available under DTAA treaties). Shareholders must submit required documents (PAN, Form 15G/15H, TRC, Form 10F, etc.) by June 30, 2025 to claim exemptions or lower withholding rates. Record date and book closure dates will be announced separately.
This is a routine procedural communication regarding TDS on the declared dividend and does not change the dividend amount itself. Shareholders should ensure PAN and bank details are updated and submit exemption forms by the June 30 deadline to avoid higher TDS deduction on their dividend income.