Dividend10 Jul 2026, 05:30 pm
Sky Industries Ltd: Intimation of Tax Deduction on Dividend
AI Summary
Sky Industries Ltd has communicated to shareholders regarding tax deduction on the proposed Final Dividend for FY26. The dividend, recommended at Re. 1 per share, is subject to AGM approval on August 1, 2026. Shareholders are advised to update their KYC details with depositories or the Registrar and Transfer Agent to ensure accurate tax deduction at source (TDS) as per the Income Tax Act, 2025. Resident individuals with dividend income not exceeding ₹10,000 or those furnishing Form 121 may be exempt. Specific documentation is required for resident non-individuals like insurance companies, mutual funds, AIFs, and NPS Trusts to claim exemptions.
Key Highlights
- Shareholders informed about TDS on proposed FY26 dividend.
- Dividend subject to AGM approval on August 1, 2026.
- KYC updates crucial for accurate tax deduction.
- Exemption criteria detailed for resident individuals and entities.
- TDS rates are 10% (with PAN) or 20% (without valid PAN).
Price Impact
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