The Great Eastern Shipping Company Limited — Important, 28-01-2025: General Updates

The Great Eastern Shipping Company has declared a 3rd interim dividend of ₹8.10 per equity share for FY 2024-2025. The company is required to deduct tax at source (TDS) from the dividend payment according to the Income-tax Act, with rates depending on the shareholder's residential status and documentation provided. Resident shareholders with a valid Permanent Account Number (PAN) will face a TDS of 10%, though individuals can avoid this if their dividend amount does not exceed ₹5,000 or if they submit Form 15G or Form 15H. Non-resident shareholders will see a TDS rate of 20%, with the ability to claim benefits under any applicable Double Tax Avoidance Treaty, contingent upon proper documentation being submitted by February 3, 2025. Shareholders are reminded to ensure their records, including PAN and residential status, are up to date, as the company will base TDS deductions on available data.