PTC India Recommends ₹6.70/Share Final Dividend for FY25; AGM on August 8
PTC India Limited's Board of Directors has recommended a final dividend of ₹6.70 per equity share for the financial year 2024-25. This recommendation, made at the board meeting held on May 26, 2025, is subject to the approval of shareholders at the upcoming 26th Annual General Meeting (AGM), scheduled to be held on Friday, August 08, 2025, at 12:30 P.M. (IST) via Video Conference (VC)/Other Audio-Video Means (OAVM).
PTC India Key Dates & Dividend InformationParticulars
Details
Final Dividend Recommended
₹6.70 per equity shareFace Value per Share
₹10.00Annual General Meeting (AGM) Date
August 08, 2025AGM Time
12:30 P.M. (IST)AGM Mode
Video Conference (VC)/OAVMRecord Date for Dividend & E-Voting
August 01, 2025Remote E-Voting Start Date & Time
August 05, 2025, 9:00 A.M.Remote E-Voting End Date & Time
August 07, 2025, 5:00 P.M.Book Closure Period
August 02, 2025 to August 08, 2025 (inclusive)
Dividend DetailsThe proposed final dividend of ₹6.70 per fully paid-up equity share, each having a face value of ₹10, signifies the company's commitment to shareholder returns. If declared at the AGM, the dividend will be paid within the statutory timelines, subject to deduction of tax at source (TDS). Shareholders are advised that, as per the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividends paid or distributed by a company on or after April 1, 2021, are taxable in the hands of the shareholders. Consequently, PTC India will be required to deduct tax at source at the prescribed rates when making dividend payments. Members are encouraged to refer to the detailed instructions in the Notice of AGM and submit tax-related documents or declarations to the company's email address helpdeskdelhi@mcsregistrars.com by July 28, 2025, to ensure correct TDS application.Annual General Meeting (AGM) OverviewThe 26th Annual General Meeting of PTC India Limited will be held virtually on August 08, 2025, at 12:30 P.M. (IST). This virtual format, conducted through Video Conference (VC) or Other Audio-Video Means (OAVM), is in compliance with the applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with various circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The AGM will transact the businesses as set out in the Notice convening the meeting, which will be circulated to members electronically. The company emphasizes that physical presence of members at a common venue will not be required, and attendance will be counted for quorum purposes through the virtual facility.E-Voting and Shareholder InformationPTC India is providing remote e-voting facilities to eligible members for all business items to be transacted at the AGM. The remote e-voting period will commence on Tuesday, August 05, 2025, at 9:00 A.M. and will conclude on Thursday, August 07, 2025, at 5:00 P.M. Shareholders holding shares in either physical or dematerialized form as of the cut-off date, Friday, August 01, 2025, are eligible to cast their vote. Members who do not utilize the remote e-voting option will still have the opportunity to vote through the e-voting system during the AGM. The company has engaged NSDL to provide the electronic voting and VC facilities. Detailed instructions for attending the AGM through VC and the electronic voting process will be provided in the Notice of AGM.Record Date and Book ClosureFriday, August 01, 2025, has been fixed as the 'Record Date' for determining the entitlement of members to receive the final dividend for the financial year 2024-25, if declared at the AGM. This date is also crucial for determining eligibility for e-voting. Furthermore, the Register of Members and Share Transfer Books of the company will remain closed from Saturday, August 02, 2025, to Friday, August 08, 2025 (both days inclusive). This book closure period is standard practice to facilitate the finalization of shareholder records for dividend distribution and AGM purposes.Compliance and AccessibilityIn adherence to regulatory guidelines, the Notice of the AGM along with the Annual Report for the Financial Year 2024-25 will be sent only by electronic mode to members whose email IDs are registered with the company, its Registrar & Share Transfer Agent (RTA), or Depository Participant(s). Shareholders can also access these documents on the company's website (www.ptcindia.com) and on the websites of NSDL (www.evoting.nsdl.com), BSE Limited (www.bseindia.com), and National Stock Exchange of India Limited (www.nseindia.com). Members are strongly encouraged to update their KYC details, email addresses, and bank account information to ensure seamless receipt of investor communications and dividend payments, especially given the mandate for electronic dividend payments for physical shareholders from April 1, 2024.Market ImpactThe recommendation of a final dividend typically signals a healthy financial position and a positive outlook from the company's management. Such announcements are generally well-received by investors, reflecting the company's commitment to sharing its profits with shareholders and potentially bolstering investor confidence in the stock.