Trent Limited Declares Dividend for the Financial Year Ended March 31, 2020, Payable on or After August 12, 2020
June 30, 2020 at 09:40 am EDT
Share
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.
Trent Limited is an India-based company, which is engaged in the business of retailing / trading of merchandise. The Company is engaged in retailing / trading of apparels, footwear, accessories, toys, games others. It operates through Westside, Zudio, Utsa, StarHypermarket, Landmark, Misbu / Xcite, Booker Wholesale and ZARA retail formats. Its flagship format, Westside offers apparel, footwear and accessories for men, women, and children, along with furnishings, decor, and a range of home accessories. Its family entertainment format, Landmark offers a range of toys, front list books and sports merchandise. Its value retail format, Zudio caters to apparels and footwear for men, women, and children. Its modern Indian lifestyle format, Utsa offers ethnic apparel, beauty products and accessories. The Company's hypermarket and supermarket store chain operating under Star Market concept offers an assortment of products, including staples, beverages, health, and beauty products.