Aegis Logistics Recommends ₹6 Final Dividend for FY25, Details Tax Deduction Process
The announcement details a dividend recommendation, which directly impacts shareholder returns. The detailed tax compliance information is also crucial for shareholders to understand their obligations.
The company has recommended a significant final dividend of ₹6 per share for FY 2024-25, which represents a direct return and positive outcome for shareholders.
* Aegis Logistics Limited's Board of Directors has recommended a Final Dividend of ₹6 per Equity share (600% on face value of ₹1 each) for the financial year 2024-25. * The dividend is subject to approval by shareholders at the 68th Annual General Meeting (AGM) scheduled for Thursday, August 14, 2025. * The record date for determining the eligible shareholders for this dividend payment is Friday, July 18, 2025. * As per the Income-tax Act, 1961, dividends are taxable in the hands of shareholders since April 1, 2020, and the company is required to deduct tax at source (TDS). * For resident shareholders, the TDS rate is generally 10% if a Permanent Account Number (PAN) is provided. No TDS will be deducted if the dividend for the financial year 2025-26 does not exceed ₹10,000 for individual resident shareholders, or if Form 15G/15H is submitted meeting prescribed conditions. * For non-resident shareholders, the TDS rate is 20% (plus applicable surcharge and cess) or the lower rate as per a Double Taxation Avoidance Agreement (Tax Treaty), provided necessary documents like Tax Residency Certificate (TRC) and Form 10F are submitted. * It is mandatory to provide a valid PAN; otherwise, tax will be deducted at a higher rate of 20% for residents, and 20% (plus surcharge and cess) for non-residents if required documents are not provided. * Shareholders must submit all necessary documents (e.g., Form 15G/15H) by Wednesday, July 30, 2025, to ensure the correct TDS rate is applied. * TDS certificates will be sent to registered email IDs, and credit for TDS will be visible in Form 26AS.
What to do with a filing like this
Aegis Logistics Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aegis Logistics Limited. Read the original for the full detail.