Grasim (GRASIM) — Corporate Action

Grasim Industries announced a recommended dividend of ₹10 per share (face value ₹2) for FY 2024-25, pending AGM approval, with TDS rates varying based on shareholder residency and documentation. Resident individuals without PAN or Aadhaar linkage face a 20% TDS rate, while those submitting Forms 15G/15H may qualify for nil deduction. Non-residents must provide TRC and Form 10F to claim treaty benefits, otherwise face 20% TDS plus surcharge and cess. Shareholders must update PAN, bank, and contact details with depositories or RTA by 31 July 2025 to ensure timely processing. The company mandates indemnification against tax liabilities arising from inaccurate submissions, emphasizing compliance with Section 194 of the Income Tax Act.

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About Grasim Industries Limited (GRASIM)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹1,99,652.33 Cr P/E: 21.1 ROE: 4.6% ROCE: 4.9%

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