Anand Rathi Wealth announces final dividend, record date
Mumbai-based Anand Rathi Wealth (BSE:ANANDRATHI) announced its Board of Directors has recommended a final dividend of INR 7 per share. This dividend is for the financial year 2024-2025. The record date for determining shareholders eligible for the dividend is set for Friday, May 9, 2025. The dividend payout is pending approval from the members during the upcoming Annual General Meeting (AGM). Following approval, the final dividend will be distributed within 30 days from the date of approval. The company clarified that as per the Income Tax Act of 1961, dividends paid after April 1, 2020, are taxable in the hands of members. Anand Rathi Wealth is therefore obligated to deduct tax at source (TDS) at the time of dividend payment. The announcement is available on the company's website.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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