Datamatics Global Services Limited has informed the Exchange regarding 'Communication to Shareholders in respect of Tax Deduction at Source on Dividend'.
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Datamatics Global Services has informed shareholders about the tax deduction at source (TDS) rules applicable on the final dividend of Rs. 5 per equity share (face value Rs. 5) recommended by the Board on May 15, 2025 for FY 2024-25, pending AGM approval. As per the Finance Act 2020, dividends are taxable in the hands of shareholders, with TDS at 10% for resident shareholders holding valid PAN and 20% for those without PAN or with inoperative PAN. Resident individuals whose total dividend in FY 2025-26 does not exceed Rs. 10,000 face no TDS — since the dividend is Rs. 5 per share, this means shareholders holding 2,000 shares or fewer are exempt. Non-resident shareholders will face 20% TDS plus surcharge and cess, with an option to claim lower DTAA rates by submitting documents like TRC, Form 10F, and a no-PE declaration. Shareholders who have not filed income tax returns (Section 206AB) will face TDS at the higher of 20% or double the applicable rate. All tax-related documents must be emailed to investors@datamatics.com on or before September 11, 2025.
This is a routine tax-compliance communication and does not change the dividend amount or the company's underlying business. Shareholders with over 2,000 shares should ensure their PAN is valid and linked with Aadhaar to avoid the higher 20% TDS rate, while non-resident shareholders should submit DTAA paperwork before the September 11 deadline to benefit from lower withholding rates.