Premier Energies Limited — Important, 07-02-2025: Updates

The Company’s Board has recommended an interim dividend of ₹0.50 per equity share for the financial year ending March 31, 2025. If approved at the forthcoming annual general meeting, the dividend will be distributed to shareholders on the record date of February 14, 2025.

For tax purposes, dividends paid after April 1, 2020, are taxable in the hands of shareholders. Tax will be deducted at source (TDS) for resident shareholders at 10% unless their total dividend income for the year does not exceed ₹5,000, or if they submit valid forms (15G or 15H). Non-resident shareholders will face a withholding tax rate of 20%, subject to applicable surcharges, unless they submit the necessary documentation to benefit from lower tax rates under Double Taxation Avoidance Agreements (DTAAs).

Shareholders are reminded to update their PAN and other details to ensure correct TDS deductions. If paid at a higher rate, excess tax may be reclaimed by filing tax returns. Direct bank account details should also be updated to facilitate smooth dividend payments.