Cochin Shipyard Limited — Important, 06-02-2025: Updates

The Board of Directors of Cochin Shipyard Limited has declared a second interim dividend of ₹3.50 per equity share for the financial year ending March 31, 2025. This will be subject to Tax Deduction at Source (TDS) as per the current Income Tax regulations. Resident shareholders may not be subject to TDS if their total dividend received does not exceed ₹5,000 in the financial year. Shareholders can provide necessary forms like 15G or 15H to minimize or avoid TDS, while non-resident shareholders must follow Section 195 guidelines, facing a TDS rate of 20% plus applicable charges. The record date for this dividend is set for February 12, 2025. Shareholders are urged to verify and update their PAN with the Company’s registrar to ensure compliance and avoid higher deduction rates.