Sandur Manganese Recommends ₹0.50 Dividend, Details Tax Rules
Sandur Manganese & Iron Ores Ltd has communicated to shareholders regarding the proposed final dividend of ₹0.50 per equity share (5%) for FY26, subject to AGM approval. The company detailed the applicability of Tax Deduction at Source (TDS) under the Income-tax Act, 2025. For resident shareholders with a valid PAN, TDS will be 10%. Without a valid PAN or with an invalid one, TDS will be 20%. No tax will be deducted for resident individuals if the dividend amount does not exceed ₹10,000 or if Form 121 - Part A is provided under specific conditions. The communication also emphasizes the mandatory electronic payment of dividends for physical shares and the need for KYC compliance, including updated bank account details.
Key Highlights
- Recommended final dividend of ₹0.50 per equity share for FY26.
- TDS at 10% for resident shareholders with valid PAN.
- TDS at 20% for shareholders without valid PAN.
- Mandatory electronic dividend payment for physical shares.
- Shareholders must update bank and KYC details for compliance.
Price Impact
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