SJVN Limited — Important, 18-02-2025: General Updates

The Board of Directors declared an interim dividend of ₹1.15 per equity share for the financial year 2024-25. Shareholders should note that, as per the Income Tax Act, taxes will be deducted at source (TDS) from this dividend. For resident shareholders with a valid PAN, TDS will be deducted at 10%. In cases where shareholders do not have a valid PAN, TDS will be at 20%. However, no TDS will apply if the total dividend received does not exceed ₹5,000 or if a valid Form 15G or 15H is submitted. Non-resident shareholders will face TDS at rates specified in Section 195 of the Income Tax Act, currently set at 20% plus applicable surcharges. To facilitate TDS deductions, shareholders must submit required documentation by February 24, 2025. This interim dividend and related tax deductions could positively influence shareholder returns, so it's crucial to act promptly on the required submissions.