Parag Milk Foods Limited — Important, 06-06-2025: General Updates

Parag Milk Foods proposed a final dividend of Re. 1/- (10%) per share for FY2024-25, pending shareholder approval. The company updated tax deduction rules on dividends, with resident shareholders subject to 10% TDS (higher rates if PAN/Aadhaar is not linked) and non-resident shareholders facing 20% TDS plus applicable surcharges, adjustable with proper documentation. Shareholders need to submit relevant documents to ensure correct tax deduction.