Gulf Oil Lubricants India Limited — Important, 11-02-2025: Updates

The Board of Gulf Oil Lubricants India Limited has declared an Interim Dividend of ₹20 per equity share (1000% of face value) for the financial year 2024-25. The Record Date for eligibility is set for February 14, 2025. All shareholders will experience tax deductions at source based on their respective tax categorizations, as mandated by the Income Tax Act. Specific documentation is required from shareholders seeking exemptions from TDS. Non-resident shareholders must provide further documentation to avail of benefits under tax treaties. Shareholders are strongly encouraged to update their bank account details and submit any necessary forms to facilitate timely dividend payments. Neglecting to provide accurate information could lead to higher TDS deductions, although excess tax can be refunded. This sets a positive outlook for the company’s cash distribution strategy while highlighting the need for shareholders to promptly manage their documentation for tax compliance.