Shyam Metalics Declares ₹1.80 Interim Dividend, Tax Deductions Apply
Shyam Metalics and Energy Ltd announced an interim dividend of ₹1.80 per equity share for FY 2026-27, declared on July 20, 2026, and payable by August 19, 2026. The company has informed shareholders about the applicability of Tax Deducted at Source (TDS) on dividends as per the Income Tax Act, 2025. Resident shareholders with valid PAN will face a 10% TDS, while those without or with invalid PAN will be taxed at 20%. Non-resident shareholders will be subject to rates as per the Act or applicable tax treaties. No TDS is applicable for resident individual shareholders if the total dividend does not exceed ₹10,000 per annum. Shareholders are urged to submit necessary declarations and documents by July 24, 2026, via https://ris.kfintech.com/form15 or einward.ris@kfintech.com to ensure correct TDS deduction.
Key Highlights
- Interim dividend of ₹1.80 per equity share declared.
- TDS applicable on dividend payments as per Income Tax Act.
- Different TDS rates for resident and non-resident shareholders.
- Shareholders must submit declarations by July 24, 2026.
Price Impact
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