Century Enka has informed that in accordance with the provisions of the Income-tax Act, 1961 ('the Act') as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after 01st April, 2020 is taxable in the hands of the shareholders. The Company is therefore required to deduct tax at source ('TDS') at the time of payment of dividend to shareholders at the applicable rates. In this connection, it attached the Communication to shareholders whose email IDs are registered with the Company or Depositories. The above communication along with the annexures are available on the Company’s website: www.centuryenka.com.
The above information is a part of company’s filings submitted to BSE.
