Berger Paints India has informed that in terms of the provisions of the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividend paid or distributed by a company after l 51 April, 2020 shall be taxable in the hands of the shareholders. In this regard, a communication to shareholders regarding deduction of tax at source on dividend explaining the process on withholding tax from dividend (to be paid to the shareholders) at prescribed rates, along with necessary annexures, is being sent to those shareholders whose email IDs are registered with the Company or Company's Registrar and Share Transfer Agent or the Depositories and also to other shareholders as per applicability. The said communication along with annexures is also available on the website of the Company, viz., https://www.bergerpaints.com/investors/services.
The above information is a part of company’s filings submitted to BSE.
