02:33 PM, 2nd Feb 2023
We are pleased to inform you that the Board of Directors of the Company at its Meeting held on February 01 2023 have declared an Interim dividend of Rs. 35 per equity share of face value of Rs. 10 each for Companys Financial Year 2022-23 in accordance with the provisions of the Income Tax Act 1961 as amended by and read with the provisions of the Indian Finance Act 2020 dividend declared and paid by the Company after April 1 2020 is taxable in the hands of shareholders and the Company is required to deduct the tax at source (TDS) on the distribution of dividend income to its shareholders at the applicable rates. Shareholders are requested to furnish details to the Companys registrar and share transfer agent MAS Services Limited. This will enable us to determine the appropriate TDS rate (if any). Find attached the tds communication in this regard.