Veedol Corporation Limited — Important, 07-02-2025: Updates

The Board of Directors of Veedol Corporation Limited has recommended a Second Interim Dividend of ₹12 per equity share for the financial year 2024-25. This dividend will be paid within 30 days to shareholders on the Register of Members as of February 13, 2025. Notably, the payment will be made electronically to bank accounts, and shareholders are advised to ensure their bank details are up-to-date.

Regarding tax implications, the company will deduct applicable withholding tax on dividends based on the provisions of the Income Tax Act. For resident members, the TDS rate ranges from 0% to 20%, depending on specific conditions, while non-resident members will face a TDS rate of 20% or the applicable rate as per tax treaties. Shareholders must provide necessary documentation to validate any claims for reduced TDS. Important deadlines include submission of required forms by February 13, 2025, to avoid higher tax deductions.