Novartis India Ltd — Updates, 01-07-2025: Company Update

Novartis India Limited has announced a board meeting on to consider the financial results for the quarter and half-year. The Board has proposed a final dividend of Rs. 25 per equity share of face value Rs. 5 each for the financial year 2024-25, subject to approval at the Annual General Meeting. Dividend will be paid electronically to shareholders with updated bank details. As per the Income-tax Act, dividend income is taxable in the hands of shareholders, and the Company will deduct tax at source (TDS) on dividends at applicable rates based on the shareholder’s residential status and documentation submitted. Shareholders are advised to submit relevant declarations and update KYC to ensure correct TDS deduction.