Dividend11 Jun 2026, 06:41 pm
Parag Milk Foods: E-mail on Dividend Tax Deduction Sent to Shareholders
AI Summary
Parag Milk Foods has communicated to its shareholders via email on June 11, 2026, regarding tax deductions on dividend payouts. The email explains the process for tax deduction at applicable rates and the documentation required for claiming tax exemptions. Shareholders must submit necessary documents by July 31, 2026, to ensure correct tax withholding. The company previously recommended a final dividend of ₹1.10 per share for FY26, subject to AGM approval. Shareholders are urged to update bank details and ensure PAN-Aadhaar linkage for accurate tax processing.
Key Highlights
- Company emailed shareholders about dividend tax deduction process.
- Deadline for document submission is July 31, 2026.
- Shareholders must update bank details and PAN-Aadhaar linkage.
- TDS rates vary based on shareholder category and documentation.
- Recommended final dividend of ₹1.10 per share for FY26.
Price Impact
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