Parag Milk Foods Limited announced on June 6, 2025, that it has sent an email communication to its shareholders regarding tax deduction on dividend.

• The Board of Directors, at its meeting held on May 2, 2025, recommended a final dividend of Re. 1/- (10%) per equity share of face value ₹10/- each, for the financial year ended March 31, 2025.
• If approved at the ensuing 33rd Annual General Meeting (AGM), the dividend will be credited/dispatched within 30 days from the date of approval.
• As per the Income Tax Act, 1961, dividends are taxable in the hands of shareholders, and the Company is required to deduct Tax at Source (TDS) at the time of payment.
• Shareholders must submit all necessary documents/declarations by Thursday, July 10, 2025, by 6:00 p.m. (IST), to enable the Company to determine and deduct the appropriate TDS/withholding tax rate.
• Key information required includes valid Permanent Account Number (PAN), residential status, shareholder category, email, mobile, and bank account details.
• For resident shareholders, TDS is generally 10%, subject to higher rates (20% or more) if PAN is not furnished or linked with Aadhaar, or if the shareholder is a 'specified person' (non-filer of ITR with high TDS/TCS).
• No TDS is deducted for resident individuals if the total dividend from the Company does not exceed ₹10,000, or if valid Form 15G/15H is provided, or if a NIL/lower deduction certificate under section 197 is submitted.
• For non-resident shareholders, TDS is generally 20% plus applicable surcharge and cess, or the applicable rate under Double Taxation Avoidance Agreement (DTAA) read with Multilateral Instrument (MLI), provided required documents (e.g., Tax Residency Certificate, Form 10F) are submitted.
• Documents and declarations should be uploaded with KFin Technologies Limited (Registrar and Transfer Agent) via their portals: https://ris.kfintech.com/form15 or https://ris.kfintech.com/clientservices/isc/.
• The Company will rely on data from KFin as updated up to the record date for TDS determination.
• Shareholders who do not provide details/documents by the deadline may face higher tax deduction and would need to claim a refund in their income tax return.