Dividend2 Jul 2026, 11:15 am
Siemens Ltd Recommends ₹18 Dividend; Seeks Tax Docs
AI Summary
Siemens Ltd has announced its Board of Directors has recommended a dividend of ₹18 per equity share for the eighteen-month financial year ended March 31, 2026. This dividend, if approved at the upcoming Annual General Meeting (AGM), will be subject to Tax Deduction at Source (TDS) as per the Income-tax Act, 2025. The company is requesting members to provide necessary tax-related documents by July 29, 2026, to determine the appropriate withholding tax rate. Failure to submit these documents may result in higher TDS, though eligible members can claim a refund later. Details for resident and non-resident members, including specific forms and conditions for tax exemption, are provided.
Key Highlights
- Board recommends dividend of ₹18 per equity share.
- Dividend subject to member approval at the AGM.
- TDS applicable on dividend payment as per Income-tax Act.
- Members must submit tax documents by July 29, 2026.
- Higher TDS may apply if documents are not submitted.
Price Impact
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