Power Finance Corporation (PFC) has announced the declaration of a second interim dividend of ₹3.50 per equity share (35% of face value) for FY 2024-25. The dividend is subject to Tax Deducted at Source (TDS) as per the Income Tax Act, 1961.
The record date for determining eligible shareholders for this dividend is set for November 25, 2024 (Monday). Shareholders whose names appear in the records on this date will be eligible for the dividend, which will be dispatched on or before December 8, 2024.
For shareholders seeking lower or zero TDS deductions, PFC has provided an option to submit relevant forms, including PAN and forms 15G/15H, as applicable. This documentation must be submitted as per Income Tax Act guidelines for reduced or zero TDS rates.
