DCM Shriram Industries Limited — Important, 28-03-2025: Updates

The Board of Directors has declared an interim dividend of ₹2 per equity share, representing a 100% payout based on the face value of ₹2 per share. The dividend will be disbursed to eligible shareholders as of the record date of April 4, 2025. Tax will be deducted at the applicable rates outlined in the Income Tax Act, which varies based on the shareholder's residential status and submitted documentation.

Resident individual shareholders with valid PANs will face a 10% withholding tax, while those without PANs will be subjected to a 20% rate. However, residents receiving dividends not exceeding ₹10,000 in FY 2025-26 may not incur a tax deduction. Non-resident shareholders will have taxes withheld at a 20% rate unless they can provide documentation to avail of a more favorable rate under applicable Double Tax Avoidance Agreements.

Shareholders must submit necessary tax documentation to the Registrar and Share Transfer Agent by April 6, 2025, to determine the appropriate TDS rate for their dividend payments.