In accordance with the provisions of the Income Tax Act, 1961 as amended by and read with the provisions of the Finance Act, 2020, with effect from 1st April 2020, dividend declared and paid by the Company is taxable in the hands of its members and the Company is required to deduct tax at source (TDS) from dividend paid to the members at the applicable rates. In this regard, Patanjali Foods has informed that a communication regarding deduction of tax at source on dividend, explaining the process on withholding tax from dividend (to be paid to the shareholders) at prescribed rates, along with the necessary annexures, was sent to those members whose e-mail IDs are registered with the Company, the RTA or the Depositories. The said Communication is also enclosed. The above information will be made available on the Company's website www.patanjalifoods.com.
The above information is a part of company’s filings submitted to BSE.