Trent Limited announced hat the Board of Directors at their Meeting held on 22nd May 2020 has declared Dividend of INR 1 per Equity Share of INR 1 each (100%) for the Financial Year ended 31st March 2020. As per the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividends paid or distributed by a company after 1st April 2020 shall be taxable in the hands of the shareholders. The company shall, therefore be required to deduct tax at source at the time of making the payment of the Dividend, if declared at the Annual General Meeting of the company to be held on 6th August 2020. This dividend will be paid subject to deduction of tax at source, as applicable on or after August 12, 2020.