Precision Camshafts Limited (PCL) has announced that its Board of Directors has recommended a dividend of ₹1.00 per equity share for the financial year 2024-25. This recommendation is subject to shareholder approval at the company's 33rd Annual General Meeting (AGM), which is scheduled to be held virtually on Wednesday, July 30, 2025, at 3:00 PM Indian Standard Time.
| Particulars | Details |
|---|---|
| Dividend per share (FY25) | ₹1.00 |
| Board Recommendation Date | May 27, 2025 |
| AGM Date for Approval | July 30, 2025 |
| Book Closure Period | July 24, 2025 - July 30, 2025 |
| E-voting Cut-off Date | July 23, 2025 |
Dividend Recommendation and Tax Implications
The Board of Directors of Precision Camshafts Limited, during its meeting held on Tuesday, May 27, 2025, proposed a dividend of ₹1.00 per equity share for the financial year ended March 31, 2025. This dividend, if approved by the shareholders at the upcoming 33rd AGM, will be disbursed after the deduction of Tax Deducted at Source (TDS).
In accordance with the provisions of the Finance Act, 2020, and effective from April 1, 2020, dividends declared and paid by companies to shareholders are taxable in the hands of the recipients. Consequently, PCL is required to deduct TDS at the applicable rates as per the Income Tax Act, 1961. Shareholders are advised to upload the necessary documents to MUFG Intime India Private Limited or send them via email to tds.dividendpclindia.in by July 22, 2025, to facilitate the correct determination of the TDS rate. Communications regarding tax assessment or deduction received after this deadline will not be considered.
33rd Annual General Meeting (AGM) Details
The 33rd Annual General Meeting of Precision Camshafts Limited will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). This virtual format is in compliance with the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with various circulars and notifications issued by the Ministry of Corporate Affairs (MCA) and SEBI. Shareholders will be able to attend the AGM via the VC/OAVM facility provided by National Securities Depository Limited (NSDL). The primary agenda for the AGM includes seeking shareholder approval for the recommended dividend for FY2024-25, among other routine business.
Book Closure and E-voting Process
To determine the eligibility of shareholders for the dividend and for the purpose of the company's register of members and share transfer books, the company has announced a book closure period. The share transfer books and register of members will remain closed from Thursday, July 24, 2025, to Wednesday, July 30, 2025, both days inclusive.
For the purpose of electronic voting (e-voting) on the resolutions proposed at the AGM, the cut-off date for determining eligible shareholders is Wednesday, July 23, 2025. The remote e-voting period will commence on Sunday, July 27, 2025, at 9:00 AM Indian Standard Time, and will conclude on Tuesday, July 29, 2025, at 5:00 PM Indian Standard Time. Shareholders whose names are recorded in the register of members or in the records of depositories as beneficial owners as of the cut-off date are eligible to cast their votes electronically.
Shareholders who become members of the company after the dispatch of the AGM notice and hold shares as of the cut-off date (July 23, 2025) can obtain their e-voting user ID and password by sending a request to evotingnsdl.co.in. Existing NSDL registered users can use their current user ID and password. It is important to note that remote e-voting will not be permitted after 5:00 PM on July 29, 2025. While members who have exercised their right to vote through remote e-voting can still attend the AGM, they will not be entitled to vote again during the meeting.
Access to AGM Documents and Shareholder Support
The notice of the 33rd Annual General Meeting and the electronic copies of the Annual Report for the financial year 2024-25 have been dispatched to shareholders whose email addresses were registered with the company or depository participants as of July 4, 2025. These documents are also accessible on the company's official website, www.pclindia.in. Additionally, they are available on the websites of the stock exchanges where the company's shares are listed, namely www.bseindia.com and www.nseindia.com, as well as on NSDL's e-voting website, www.evoting.nsdl.com.
For any queries or assistance related to e-voting, shareholders can refer to the Frequently Asked Questions (FAQ) section or the e-voting user manual available in the download section of www.evoting.nsdl.com. Alternatively, they may contact NSDL at 022-48867000 or send an email request to evotingnsdl.co.in.
