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Finolex Industries informs about communication to shareholders on TDS

31 Aug 2024 Evaluate
As informed earlier, the Board of Directors of the Company at its meeting held on Friday, 10th May 2024, has recommended final dividend of Rs 2.50/- per equity share of face value of Rs 2/- each, for the financial year ended on 31st March, 2024, subject to approval of shareholders at the 43rd Annual General Meeting of the Company. Pursuant to the provisions of Income Tax Act, 1961 as amended from time to time, the above said dividend for the financial year 2023-24 to be paid or distributed by the Company in the financial year 2024-25 shall be taxable in the hands of the shareholders, as prescribed therein. In this regard, Finolex Industries has informed that it enclosed specimen copy of e-mail communication made to the shareholders in respect of whom the Company is liable to deduct Tax on dividend and having their e-mail address registered with the Company / Depositories elaborating the process to be followed along with the necessary Annexures, in respect of the applicability of tax deduction and formalities to be complied by the shareholders to ensure appropriate deduction of tax on the dividend payable, as applicable.

The above information is a part of company’s filings submitted to BSE.

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165.10 0.40 (0.24%)
13-Apr-2026 16:59 View Price Chart
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