Capital Small Finance Bank Limited has informed the Exchange regarding 'Communication To Shareholders - Intimation On Tax Deduction On Dividend'.
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Capital Small Finance Bank has communicated to its shareholders regarding tax deduction at source (TDS) on the dividend declared for FY 2024-25. The Board of Directors had recommended a dividend of 40% (₹4 per share on equity shares of ₹10 face value) at its meeting on April 29, 2025. The bank will deduct TDS at 10% for resident shareholders with a valid PAN, 20% for those without a valid PAN, and 20% (plus surcharge and cess) or applicable tax treaty rate (whichever is lower) for non-resident shareholders, FPIs, and FIIs. Resident individuals with total dividends not exceeding ₹10,000 in FY 2025-26 are exempt from TDS, and those eligible can submit Form 15G/15H for nil deduction. Shareholders must submit required documents (PAN, Form 15G/15H, TRC, Form 10F, etc.) by 5:00 PM on July 23, 2025 to avoid higher tax deduction.
This is a routine procedural compliance filing with no direct impact on the stock price. Shareholders should submit the relevant tax exemption forms before July 23, 2025, to ensure TDS is deducted at the correct rate and avoid cash flow issues or refund hassles later.