GP Petroleums Ltd: ₹0.50 Final Dividend Proposed, TDS Applicable

GP Petroleums Ltd has announced a proposed final dividend of ₹0.50 per equity share for FY 2025-26, subject to shareholder approval at the AGM. The record date for this dividend is August 19th, 2026. The company will deduct Tax Deducted at Source (TDS) on the dividend payment as per Income Tax Act provisions. The TDS rate will vary based on the shareholder's residential status and submitted documentation. For resident shareholders, TDS is 10% unless exempt, with a threshold of ₹10,000 for individuals. Specific forms and documents are required for tax exemption claims by various shareholder categories, including insurance companies, mutual funds, and AIFs. Shareholders must ensure their PAN is operative to avoid higher TDS rates.