Garware Technical Fibres: Dividend Tax Deduction Communication Sent

Garware Technical Fibres Ltd has informed shareholders about the deduction of tax at source (TDS) on dividend payments for FY 2025-26. The company sent communications on July 9, 2026, detailing TDS provisions for resident and non-resident shareholders. The Board of Directors had previously recommended a final dividend of ₹1 per share on May 20, 2026, subject to member approval at the AGM. The communication outlines TDS rates, including 10% for resident individuals with PAN (with exemptions for dividends up to ₹10,000 or with Form 121 submission) and 20% for those without PAN or with discrepancies. Specific documentation requirements for different shareholder categories are also mentioned.