Sterling Tools Recommends ₹2.75 Dividend; Details TDS Process

Sterling Tools Limited has announced its Board of Directors has recommended a dividend of ₹2.75 per equity share for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) in 2026. The company has also provided detailed information regarding the deduction of tax at source (TDS) on dividend payments, outlining procedures for both resident and non-resident shareholders. Resident shareholders will have TDS deducted at 10% unless exempt, with a threshold of ₹10,000 for non-applicability. Non-residents will face withholding tax at 20% plus applicable surcharges and cess, with an option to avail beneficial Double Tax Avoidance Agreement (DTAA) rates.