Motherson Sumi Wiring India: Dividend Tax Deduction Info
Motherson Sumi Wiring India Ltd has communicated to its shareholders regarding the deduction of tax at source (TDS) on the recommended dividend of Re. 0.58 per equity share for FY 2025-26. The dividend is subject to shareholder approval at the upcoming AGM. The company will deduct TDS as per the Income-tax Act, 2025, with rates varying based on shareholder residency and documentation. Resident shareholders with valid PAN will face a 10% TDS, while those without a valid PAN or with an inoperative PAN will be subject to 20%. Specific procedures and deadlines are provided for shareholders to update their details and submit necessary forms (like Form 121) or certificates to avail lower or nil TDS rates. The deadline for PAN/email/mobile updates is July 14, 2026.
Key Highlights
- Dividend of Re. 0.58 per share recommended for FY 2025-26.
- TDS will be deducted on dividend payments as per IT Act.
- Resident shareholders with valid PAN face 10% TDS; others 20%.
- Shareholders must update PAN and submit forms by July 14, 2026.
- Lower/nil TDS rates applicable with valid certificates/declarations.
Price Impact
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