Godfrey Phillips India Limited — Important, 16-11-2024: Updates

The company has communicated with shareholders regarding the Tax Deduction at Source (TDS) on a proposed interim dividend for the financial year 2024-25, which will be considered in the upcoming board meeting. If approved, the dividend will be distributed to shareholders on the record date of November 29, 2024. For resident shareholders, TDS will be deducted at a rate of 10% unless exempted, with further exemptions available for those meeting specific criteria. Non-resident shareholders can benefit from applicable tax treaties (DTAA), but must provide necessary documentation to qualify for lower withholding rates. Shareholders are advised to update their PAN and KYC details promptly to facilitate the dividend payment process, as those failing to do so may be restricted to receiving dividends electronically. Overall, careful attention to tax documentation and compliance is essential for shareholders to optimize their dividend returns.