SNL Bearings: Interim Dividend Tax Deduction Communication

SNL Bearings Ltd informs shareholders about tax deduction on interim dividend payout following the Finance Act 2020, which abolished Dividend Distribution Tax and made dividend income taxable for shareholders. The company declared an interim dividend of ₹15 per share for FY26, with a record date of May 8, 2026. Shareholders holding shares in physical form must update their PAN, contact details, and bank account information with MUFG Intime India Private Limited to receive dividend payments electronically. The communication details the applicable TDS rates for resident shareholders and the necessary documentation for claiming tax exemptions.