Shree Cement: Final Dividend ₹70/share Proposed; Tax on Dividend Explained

Shree Cement Limited has announced a proposed final dividend of ₹70 per equity share (700%) for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the Annual General Meeting scheduled for July 31, 2026. The company also provided detailed information regarding the withholding tax (TDS) applicable on dividend income, following the abolition of Dividend Distribution Tax. Shareholders are informed that dividend income is now taxable in their hands, and the company will deduct tax at source at prescribed rates, depending on their residential status and submitted documentation. Specific TDS rates and required documents for resident and non-resident shareholders have been outlined.