CIE Automotive Rs. 7/sh Dividend, Record Date Tomorrow & Tax and KYC Update for Shareholders Before April 25

CIE Automotive India Limited (formerly Mahindra CIE Automotive) has announced a dividend of Rs. Rs.7 per equity share for the financial year ended December 31, 2024. This dividend is subject to shareholder approval during the company's 26th Annual General Meeting (AGM) scheduled for April 30, 2025.

Dividend Eligibility and Record Date

To be eligible for this dividend, shareholders must ensure that they hold shares in CIE Automotive India as of April 23, 2025, which is the record date.

CIE Automotive India Share Price Update

CIE Automotive India Ltd's share price closed at ₹425.00 today, recording a gain of ₹4.15 or 0.99%. Over the past 5 trading days, the stock has climbed 4.36%, and it is up 3.56% over the past month. Despite these short-term gains, CIE Automotive shares remain down 12.60% year-to-date (YTD).

Tax Deduction at Source (TDS) on Dividend

The company, in an exchange filing dated the 8th, announced that, as per the Income Tax Act, 1961, and Finance Act, 2025, dividends are taxable, and the company will deduct TDS before making payments. To avoid a higher tax deduction or to claim exemption/lower TDS rates, shareholders must submit necessary declarations and supporting documents by April 25, 2025.

How to Submit TDS Documents Online

CIE Automotive India shareholders can easily submit their tax declaration forms online through two methods: by visiting the KFintech Form Submission Portal, selecting "CIE Automotive India Limited", and following the instructions to upload the documents, or by emailing the self-declaration and supporting documents to [e-mail] from their registered email ID. However, this online facility does not support updates to PAN, KYC details, or shareholder categories. The deadline for submitting all TDS-related documents is April 25, 2025, after which no further updates will be entertained, and dividend payouts will proceed with default tax deductions.

CIE Automotive India Q4 results

CIE Automotive India has reported a 9.5% year-on-year (YoY) increase in its net profit for Q4, reaching Rs 184.9 crore, compared to Rs 168.9 crore in the same quarter last year. However, the company's revenue for the quarter declined by 5.8% YoY, falling to Rs 2,109.9 crore from Rs 2,240.3 crore in Q4 Q4FY24. The company's EBITDA margin also saw a slight decrease, dropping to 14.2% from 14.6%, with EBITDA falling by 8.6% YoY to Rs 299.2 crore in Q4 Q4FY25, compared to Rs 327.2 crore in the previous year's fourth quarter.

About CIE Automotive India

CIE Automotive India Limited is a leading automotive components supplier listed on the Bombay Stock Exchange. A subsidiary of Spain-based CIE Automotive S.A., the company specialises in manufacturing a wide range of components and subassemblies for the automotive industry. Its product portfolio includes forging, stamping, casting, aluminium, gears, magnetic components, and composites. CIE Automotive India serves major Original Equipment Manufacturers (OEMs) and Tier 1 suppliers across India, Europe, and other global markets.