Question

Attempt the following: Write a letter to the member for the payment of dividend through dividend warrant.

Hint:

A dividend payment letter must be precise. State the dividend rate, the number of shares held, and show a clear calculation of the net dividend payable. Always mention the Dividend Warrant number for the member's reference.

Answer 1

\begin{center} ZENITH INDUSTRIES LTD.
\textit{Registered Office: Zenith House, S. V. Road, Andheri (W), Mumbai - 400058}
[2pt] \hrule \vspace{4pt} CIN: L23456MH1998PLC098765 \quad Website: www.zenithindustries.com
[4pt] Email: investor@zenith.com \quad Phone: 022-12345678 \quad Fax: 022-87654321 \end{center} \vspace{6pt} Ref No: ZIL/DEP/REN/123/25-26 \hfill Date: 10th September, 2025 Ms. Priya Singh \ 5, Park Avenue, \ Pune - 411007. Sub: Payment of Final Dividend on Equity Shares Dear Madam, We are pleased to inform you that at the 27th Annual General Meeting held on 31st August, 2025, the members have approved the resolution for payment of a final dividend at the rate of rupee 2.50 per equity share of rupee 10/- each, for the financial year ended 31st March, 2025. As per our records, you hold 200 equity shares under Folio No. PS-501 on the record date, i.e., 20th August, 2025. The details of the dividend payable to you are as follows: \begin{tabular}{|l|l|} \hline Number of Equity Shares Held & 200
\hline Dividend per share & rupee 2.50
\hline Gross Dividend Amount & rupee 500.00
\hline Less: Income Tax (TDS) & - NIL -
\hline Net Dividend Payable & rupee 500.00
\hline \end{tabular} Please find enclosed the Dividend Warrant No. DW34567 dated 10th September, 2025, for rupee 500/-, drawn on ABC Bank, Mumbai. Kindly detach the warrant along the perforated line and deposit it in your bank for collection. Thanking you, Yours faithfully, \ For Zenith Industries Ltd., (Signature) \ Mr. A. B. Chavan \ \textit{Company Secretary} Encl: Dividend Warrant