Grasim Industries: Dividend Tax Deduction Communication Issued

Grasim Industries Ltd has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on dividends, if declared at the upcoming 79th Annual General Meeting and payable during FY 2026-27. The company will deduct TDS at applicable rates based on shareholder residency and classification, as per the Income-tax Act, 2025. For resident shareholders, TDS will generally be 10%, with an exemption for individuals if the total dividend does not exceed ₹10,000. Shareholders can submit Form 121 for nil/lower TDS, with specific documentation required for entities like insurance companies, mutual funds, and AIFs.