Grasim Industries Limited announced that its Board of Directors, at a meeting held on 22nd May 2025, recommended a dividend of ₹ 10 (Rupees Ten only) per equity share of face value ₹ 2 each for the financial year ended 31st March 2025.
The dividend, if approved at the ensuing 78th Annual General Meeting, will be paid to shareholders after deduction of tax at source (TDS) as per the provisions of the Income Tax Act, 1961.
For Resident Shareholders:
TDS will generally be at 10%.
No TDS will apply if the aggregate dividend paid by the Company to individuals during the financial year 2025-26 does not exceed ₹ 10,000.
Nil TDS will be applicable if a duly signed Form 15G (for individuals below 60 years) or Form 15H (for individuals 60 years and above) is submitted, provided eligibility conditions are met.
Nil/lower tax rates are applicable for certain categories like Insurance Companies, Mutual Funds, Alternative Investment Funds (AIF), and National Pension System Trust, upon submission of self-declaration and documentary evidence.
A higher TDS rate of 20% will be deducted if the shareholder's PAN is not available, invalid, inoperative, or not linked with Aadhaar.
For Non-Resident Shareholders (including Foreign Institutional Investors and Foreign Portfolio Investors):
Tax is required to be withheld at 20% (plus applicable surcharge and cess).
Shareholders can opt for beneficial rates under Double Taxation Avoidance Agreements (DTAA) by providing a self-attested copy of PAN (if any), a valid Tax Residency Certificate (TRC) for 1st April 2025 to 31st March 2026, an electronically filed Form 10F, and a self-declaration.
Shareholders are requested to provide all necessary details and documents to the Company's RTA, KFin Technologies Limited, by 31st July 2025 to ensure the appropriate TDS rate is applied.
In case tax is deducted at a higher rate due to the absence or defect of required documents, shareholders may claim an appropriate refund by filing their income tax return.
Shareholders are also advised to update their PAN, bank account details, and other relevant information with their respective depositories (for demat shares) or the Company's RTA (for physical shares).