REC LIMITED — Notice of Dividend Amount 2023

आरईसी
REC
भारतीय ऊर्जा, अपना संभावनाएं
Endless energy. Infinite possibilities.

REC Limited | आरईसी लिमिटेड
(भारत सरकार का उद्यम) / (A Government of India Enterprise)
Regd. Office: Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi - 110003
Corporate Office: Plot No. I-4, Near IFFCO Chowk Metro Station, Sector-29, Gurugram - 122001 (Haryana)
Tel: +91 124 444 1300 | Website: www.recindia.nic.in
CIN : L40101DL1969GOI005095 | GST No.: 06AAACR4512R3Z3

G2
भारत 2023 INDIA
क्यूरेटर कुट्टलकाम
ONE EARTH • ONE FAMILY • ONE FUTURE

SEC-1/187(2)/2023/ 1328
Dated: July 7, 2023

| लिस्टिंग विभाग,
नेशनल स्टॉक एक्सचेंज ऑफ इंडिया लिमिटेड
एक्सचेंज प्लाजा, बांद्रा कुल्ला कॉम्प्लेक्स,
बांद्रा (पूर्व), मुंबई - 800 042 | कॉर्पोरेट संबंध विभाग
बीएसई लिमिटेड
पहली मंजिल, फीरोज जीजीभोय टावर्स
दलाल स्ट्रीट, फोर्ट, मुंबई - 800 002 |
| --- | --- |
| स्क्रिप कोड—RECLTD | स्क्रिप कोड—532955 |
| Listing Department,
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, | Corporate Relationship Department
BSE Limited
1st Floor, Phiroze Jeejeebhoy Towers
Dalal Street, Fort, Mumbai – 400 001, |
| Scrip Code—RECLTD | Scrip Code—532955 |

Sub: Submission of requisite documents for claiming exemption from TDS or deduction of tax at lower rates, on dividend to be paid to shareholders.

Sir/Madam,

This is in furtherance to our earlier letter dated June 24, 2023 inter-alia intimating about decision of the Board of Directors for recommendation of final dividend @ ₹4.35 per equity share of ₹10/- each for the financial year 2022-23, subject to approval of shareholders in the ensuing Annual General Meeting (AGM) and fixation of Friday, July 14, 2023 as record date for this purpose.

In this regard, it is pertinent to mention that as per the provisions of Income tax Act, 1961, dividend income is taxable in the hands of shareholders and the Company is required to deduct tax at source (TDS) at the time of making payment of dividend, at the rates prescribed under the Income Tax Act, 1961. However, in case a shareholder desires that his/her tax should be deducted at lower rates or no tax should be deducted, then he/she is required to submit scanned copy of PAN, form 15G/15H & other requisite documents for the financial year 2023-24, unless already submitted, on or before July 31, 2023, through e-mail at [email protected] with a copy marked to [email protected].

No communication on the tax determination/deduction of tax at lower rates shall be entertained after July 31, 2023. It is further informed that in case tax on dividend is deducted at a higher rate in the absence of receipt of the requisite details/documents, refund of the excess tax paid may still be claimed by filing income tax return. However, no claim shall lie against the Company for such taxes deducted. Further, shareholders will be able to see the credit of TDS in their Form 26AS, which can be downloaded from their e-filing account at https://www.incometax.gov.in/iec/foportal/.

यह आपकी जानकारी के लिए है। This is fosr your kind information.

धन्यवाद,

Jyoti Shubhra
Amitabh
(जे. एस. अमिताभ)
कार्यकारी निदेशक और कंपनी सचिव

Regional Offices: Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Panchkula, Patna, Raipur, Ranchi, Shimla, Thiruvananthapuram & Vijaywada
State Offices : Vadodara, Varanasi
Training Centre : REC Institute of Power Management & Training (RECIPMT), Hyderabad