Pursuant to the Finance Act, 2020, with effect from April 1, 2020, the Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the shareholders. In this regard, Haldyn Glass has informed that it enclosed an email communication which has been sent to all the shareholders having their Email ID’s registered with the Company/Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates along with necessary annexures.
The above information is a part of company’s filings submitted to BSE.