Harsha Engineers International Limited has informed the Exchange about General Updates
HARSHA · price
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Awaiting price reaction for this filing.
Harsha Engineers International has sent a formal communication to shareholders explaining how tax will be deducted from the upcoming dividend payment. The Board, on May 8, 2025, had recommended a dividend of Rs. 1 per equity share (10%) on the face value of Rs. 10 for FY ended March 31, 2025. For resident shareholders, TDS will be 10% under Section 194, unless exempt via Form 15G/15H; no TDS applies if total dividend during the year is Rs. 10,000 or less. For non-resident shareholders, TDS is 20% plus surcharge and cess, which can be reduced under Double Taxation Avoidance Agreements if proper documents (TRC, Form 10F, PAN) are submitted. Shareholders must submit all required documents by August 22, 2025, failing which tax will be deducted at the higher applicable rate, and claims for refund must be pursued by filing an income tax return.
This is a routine procedural update tied to an already-recommended Rs. 1 per share dividend and is unlikely to move the stock price on its own. Shareholders should ensure their PAN is linked with Aadhaar and submit exemption documents (Form 15G/15H for eligible residents or DTAA forms for non-residents) before August 22, 2025, to avoid higher TDS of 20%.