Shree Cement Recommends ₹60/Share Dividend for FY25, Record Date July 21, 2025
The Board of Directors of Shree Cement Limited recommended a final dividend of ₹60 per equity share (600% on the face value of ₹10 each) for the financial year ended March 31, 2025. The dividend, if approved by the shareholders at the Annual General Meeting on August 4, 2025, will be paid to shareholders whose names appear on the Company's Register of Members as of the record date, July 21, 2025.
Dividend DetailsParticulars
Details
Dividend per share
₹60.00Face Value
₹10Dividend Percentage
600%Record Date
July 21, 2025AGM Date
August 4, 2025Payment Date
Within stipulated timelines prescribed under Companies Act, 2013
Tax Deduction on DividendAs per the Income Tax Act, 1961, effective April 1, 2020, dividends are taxable in the hands of shareholders, and Shree Cement is required to deduct tax at source (TDS) from the dividend paid. The TDS rate depends on the residential status and category of the shareholder, as well as the documents submitted to the company.TDS Rates for Resident Shareholders
- Individual Shareholders: 10% (No deduction if dividend income does not exceed ₹10,000 and is paid by any mode other than cash, or if Form 15G/15H is submitted).
- Insurance Companies, Mutual Funds, Corporations, Alternative Investment Funds, New Pension System (NPS) Trust, Business Trust: NIL (subject to submission of required declarations and documents).
- Other Resident Shareholders without PAN/ Invalid PAN/ In-operative PAN: 20%
TDS Rates for Non-Resident Shareholders
- Any Non-Resident Shareholder: Lower of 20% (plus applicable surcharge and cess) or Tax Treaty rate (subject to submission of Tax Residency Certificate (TRC) and Form 10F).
- Foreign Institutional Investors, Foreign Portfolio Investors (FII, FPI): Lower of 20% (plus applicable surcharge and cess) or Tax Treaty rate.
- Shareholder submitting Order under section 197 of the Act: Rate mentioned in the order.
Documents RequiredResident and non-resident shareholders must submit specific documents to avail of lower TDS rates or exemptions. These include Form 15G/15H, Tax Residency Certificates, declarations, and self-attested copies of registration certificates.Important Instructions for Shareholders
- Shareholders must upload the required documents to MUFG Intime India Private Limited by July 20, 2025, 5.00 p.m. Indian Standard Time (IST).
- No communication on tax determination/deduction will be entertained after the specified deadline.
- Shareholders are responsible for any income tax demand arising from inaccurate information.
- The company reserves the right to verify the PAN number and reject documents with discrepancies.
Electronic Payment Mandate
Shareholders holding shares in physical form are required to update their PAN, nomination details, contact information, bank account details, and specimen signature to receive dividends electronically, as mandated by SEBI.