Patels Airtemp India Ltd — Updates, 13-08-2025: Company Update

Patels Airtemp has informed shareholders about the Tax Deducted at Source (TDS) implications for the proposed dividend of ₹3.00 per equity share for FY 2024-25, subject to AGM approval. Dividend income is now taxable in shareholders' hands, requiring the company to deduct tax. Resident shareholders will see 10% TDS with a valid PAN, or 20% without. Non-residents may claim Double Tax Avoidance Agreement benefits by providing specific documents. To ensure the appropriate tax rate is applied, shareholders must submit all necessary tax declarations and documents by September 19, 2025. Non-compliance could lead to a higher TDS rate.