PPAP Automotive has informed that the Board of Directors at its meeting held on 18th May, 2024 recommended a final dividend of Rs. 1.25 (12.5%) per equity share of the face value of Rs. 10 each, for FY 2023-24, subject to the approval of shareholders at the ensuing 29th Annual General Meeting and shall be paid after deduction of tax at the applicable rates. Pursuant to provisions of the Income Tax Act, 1961 (Act), as amended by the Finance Act 2020, dividends paid or distributed by a company on or after 1st April, 2020 shall be taxable in the hands of the shareholders. In view thereof, enclosed is the email communication which has been sent to all the shareholders having their email ID's registered with the Company/ Depositories elaborating the process to be followed. This communication is also available on the website of the Company at www.ppapco.in.
The above information is a part of company’s filings submitted to BSE.
