Finolex Cables Limited has proposed a 400% dividend (₹8 per share) for the fiscal year ending March 31, 2024, pending approval at the 56th Annual General Meeting. The dividend, if approved, will be distributed in the financial year 2024-25 and will be taxable according to the Income Tax Act, 1961.
The company has communicated the tax deduction process to shareholders via email, outlining the necessary steps for tax compliance. Shareholders will need to follow the provided guidelines and submit required documents to ensure proper tax deduction on the dividend. For more details, shareholders are advised to review the company’s communication and annexures provided.
