Balrampur Chini Mills Limited — Others, 20-11-2024: Copy of Newspaper Publication

Balrampur Chini Mills has announced a board meeting regarding an interim dividend of INR 3.00 per equity share for the financial year 2024-25. The record date for this dividend is set for 25th November, 2024. As per the recent amendments to the Income-tax Act, the company will deduct tax at source on dividend payments starting this fiscal year, though no tax will be deducted for resident individual shareholders receiving dividends totaling up to INR 5,000 for the year.

This update signals enhanced cash returns for shareholders while potential tax implications could influence investor sentiment, as lower withholding tax may provide a positive outlook for net dividend yields.