The board of directors of Prince Pipes and Fittings Limited has declared a final dividend of ₹0.50 per equity share for the financial year 2024-25. The dividend, which is subject to shareholder approval at the upcoming 38th Annual General Meeting, will be paid on or after September 11, 2025.
The dividend will be disbursed to shareholders whose names appear on the company's Register of Members as of September 4, 2025, and to those who are beneficial owners as of the same date, based on information provided by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
In compliance with the Income Tax Act, 1961, as amended by the Finance Act, 2020, the company will deduct tax at source (TDS) from the dividend paid to members at applicable rates. For resident members, no TDS will be deducted if the aggregate dividend amount does not exceed ₹5,000 during the financial year 2024-2025. If a valid Permanent Account Number (PAN) is available, TDS will be deducted at a rate of 10% on the dividend amount. However, if the PAN is not available or is invalid, TDS will be deducted at a higher rate of 20%.
Non-resident members may have the option to be governed by the provisions of the Double Tax Avoidance Treaty (DTAA) between India and their country of tax residence, if such provisions are more beneficial. To avail DTAA benefits, non-resident members must furnish necessary documents, including a self-attested copy of their PAN, Tax Residency Certificate (TRC), and a self-declaration certifying their tax residency status.
Shareholders are requested to update their PAN and email address with depositories for shares held in demat mode and with Link Intime for shares held in physical mode. The company will pay the dividend electronically to the bank accounts of shareholders, as per the circular issued by the Ministry of Corporate Affairs.
| Particulars | Details |
|---|---|
| Dividend per share | ₹0.50 |
| Record Date | September 4, 2025 |
| Payment Date | On or after September 11, 2025 |
Disclaimer: This Communication is not to be treated as an advice from the Company or its affiliates or Link Intime India Private Limited. Members should obtain the tax advice related to their tax matters from a tax professional.
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