Dear Shareholder,
The Board of Directors of CEAT Limited at its Meeting held on May 5, 2021 has recommended a Dividend of Rs. 18 per Equity Share for the financial year ended March 31, 2021, subject to approval of Shareholders at the ensuing 62nd Annual General Meeting of the Company. The said dividend shall be payable to such shareholders holding shares as on the Record Date which shall be communicated separately.
Pursuant to the provisions of the Income Tax Act, 1961 (“the Act”), final dividend for the financial year 2020-21 to be paid or distributed by the Company in the financial year 2021-22 shall be taxable in the hands of the shareholders. The Company would be required to deduct / withhold taxes at the prescribed rates on the dividend to be paid to its shareholders. The tax deduction / withholding tax rate would vary depending on the residential status of the shareholder and the documents submitted by them and accepted by the Company. Accordingly, the above referred final dividend will be paid after deducting the tax at source / withholding tax including applicable surcharge and cess as notified from time to time under the Act.
All the shareholders are requested to ensure that their details with reference to valid Permanent Account Number, Residential status as per Act i.e. Resident or Non-Resident as applicable, Category of their account as per the PAN, E-mail ID / postal address, Bank Account details are complete / updated, as applicable, in their account maintained with Depository Participant (in case of shares held in dematerialised form) and in case of shares held in physical form, complete / update the said details with TSR Darashaw Consultants Private Limited, the Company’s Registrar & Share Transfer Agent (“RTA”).
Further additional information can be accessed through the below mentioned link:
https://www.ceat.com/content/dam/ceat/pdf/Details_of_applicable_Tax_Deduction_at_Source.pdf
