Happiest Minds Technologies has informed that pursuant to the amendments introduced in the Income-tax Act, 1961 ('the Act') vide Finance Act, 2020, with effect from 1st April, 2020, the Company is required to withhold taxes at the prescribed rates on the dividend paid to its shareholders. A detailed note on deduction of tax at source (TDS) on Dividend is provided at https://www.happiestminds.com/investors/disclosures/HappiestMinds-Note-on-TDS.pdf and an email communication has been sent on November 18, 2024, to all the shareholders having their email ID's registered with the Company/Depositories providing the above-mentioned link to the detailed note which explains the process on withholding tax from dividends paid to the shareholders at prescribed rates along with the necessary annexures.
The above information is a part of company’s filings submitted to BSE.
