We wish to inform that the Board of Directors at their meeting held on 17th May 2024 recommended a dividend of Rs.1.25/- per equity (25%) for FY 2023-24 subject to approval of shareholders at the ensuing Annual General Meeting.In this regard please find enclosed communication relating to Tax Deduction at source (TDS) on dividend elaborating the process and documentation required for the aforesaid purposes.You are requested to kindly take the same on records.