In terms of the provisions of the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after 1st April, 2020 shall be taxable in the hands of the shareholders, Ramkrishna Forgings has informed about communication to shareholders regarding deduction of tax at source on Final Dividend of Re 0.20 per Equity Share of Rs 2.00 for the financial year 2021-22, 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 shareholders whose e-mail IDs are registered with the Company, the RTA or the Depositories. The aforesaid communication will also be made available on the website of the Company at www.ramkrishnaforgings.com.
The above information is a part of company’s filings submitted to BSE.
