Xpro India Limited has informed the Exchange about General Updates
XPROINDIA · price
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Xpro India Limited has notified shareholders about tax deduction at source (TDS) on the recently declared dividend. The Board, at its meeting on May 29, 2025, recommended a dividend of 20% (Rs. 2 per share) on equity shares of Rs. 10 each for the financial year ended March 31, 2025. As per the Income Tax Act, the company will deduct TDS at applicable rates: 10% for resident shareholders with valid PAN, NIL for those submitting Form 15G/15H (subject to conditions), and 20% for shareholders without a valid PAN or for non-resident shareholders. Shareholders claiming lower tax rates under Double Taxation Avoidance Agreements need to submit documents such as Tax Residency Certificate, Form 10F, and a self-declaration by July 15, 2025. Shareholders holding shares in physical form must update bank account details, as SEBI mandates dividend payments only through electronic mode from April 1, 2024.
This is a routine procedural communication and not a new corporate event. Shareholders who qualify for lower or zero TDS must submit the required documents (Form 15G/15H, PAN, TRC, etc.) by July 15, 2025, to avoid excess tax deduction. No direct impact on stock price is expected, but it confirms the company's dividend payout commitment.