SKP Securities Recommends ₹2 Dividend, Outlines TDS Rules

SKP Securities Ltd announced its Board of Directors has recommended a dividend of ₹2 per equity share for the financial year ended March 31, 2026. This dividend is subject to declaration at the upcoming Annual General Meeting (AGM). The company also issued a communication regarding Tax Deducted at Source (TDS) on dividends, in line with the Income Tax Act, 2025, as amended by the Finance Act, 2026. For resident individual members, no TDS will be deducted if the dividend aggregate does not exceed ₹10,000. For amounts exceeding this, a 10% TDS will apply if PAN is updated, and 20% if PAN is not updated or invalid. Members are urged to update their KYC details, including PAN and bank information, with the company's Registrar and Transfer Agents to avoid dividend withholding.