Sundram Fasteners: Communication on Dividend TDS
Sundram Fasteners Ltd has issued a communication to its shareholders regarding the deduction of tax at source (TDS) on the interim dividend declared for the financial year ending March 31, 2027. The Board of Directors declared an interim dividend of Rs 4.05 per share on October 28, 2026, payable on November 23, 2026. The company will deduct TDS at prescribed rates based on the shareholder's residential status and category. Shareholders are urged to update their PAN, bank details, residential status, and category via a provided link by November 7, 2026, to ensure correct TDS application. Specific documentation is required for various shareholder categories to avail exemptions or apply treaty benefits. Failure to provide details may result in higher TDS, with refunds claimable via income tax returns.
Key Highlights
- Interim dividend of Rs 4.05 per share declared for FY ending March 31, 2027.
- TDS will be deducted on dividend payments based on shareholder status.
- Shareholders must update KYC details by November 7, 2026.
- Specific documentation required for TDS exemptions or treaty benefits.
- Higher TDS rates may apply if details are not provided on time.
Price Impact
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