The Board of Directors of Relaxo Footwears Limited has released the details of the tax deductions for the proposed dividend of 300% i.e. ₹3.00 per equity share for the financial year ended March 31, 2025. The footwear company had declared the dividend at the meeting held on May 9, 2025; it is subject to the approval of the members at the 41st Annual General Meeting (AGM) of the company to be held on August 28, 2025.
The dividend, if approved at the AGM, will be paid to shareholders holding equity shares of the company as of the record date, which is August 21, 2025. Shareholders whose bank accounts are registered will receive electronic credit of the dividend. Those without registered bank accounts will be paid through physical warrants.
The dividend will be taxable in the hands of the shareholders in FY 2025-26, as the Dividend Distribution Tax has been abolished.
To ensure accurate tax deduction at source (TDS), shareholders are requested to update their details, including Permanent Account Number (PAN) and residential status, with their Depository Participant or the Registrar and Transfer Agent (RTA) by August 21, 2025.
Resident shareholders can avail nil TDS on dividend payment if the aggregate dividend distributed by the company during FY 2025-26 does not exceed ₹10,000 and they furnish Form 15G/15H along with a copy of their PAN card.
Non-resident shareholders have the option to be governed by the provisions of the Double Tax Avoidance Treaty between India and their country of tax residence, if beneficial. To avail this, they must provide a Tax Residency Certificate (TRC), Form 10F, and a self-declaration.
The company has provided detailed instructions and document requirements for various categories of shareholders, including those exempt from withholding tax under Section 197A of the Income-tax Act, 1961.
Shareholders can download the necessary forms and access further details on the company's website and are required to upload the documents on the portal of KFin Technologies Limited, Registrar and Share Transfer Agent of the Company or email at einward.ris@kfintech.com, on or before August 21, 2025.
The company will arrange to email a soft copy of the TDS certificate to the registered email IDs of the respective Shareholders in due course.
The company will arrange to email a soft copy of the TDS certificate to the registered email IDs of the respective Shareholders in due course.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
