Jubilant FoodWorks: Dividend ₹1.20/share, TDS rules detailed

Jubilant FoodWorks Limited has informed shareholders about the proposed dividend of INR 1.20 per equity share for FY 2025-26, subject to AGM approval. The company detailed the Tax Deducted at Source (TDS) procedures for both resident and non-resident shareholders, outlining varying rates based on PAN availability, Aadhaar linkage, and submission of specific forms or certificates. For resident shareholders, TDS rates range from 10% (with valid PAN) to 20% (without valid PAN). Lower or nil rates apply under specific conditions, including valid tax exemption certificates or if the dividend amount does not exceed INR 10,000 for individual shareholders. Non-resident shareholders' TDS provisions were also mentioned as detailed in the communication.