Motherson Sumi Wiring India Limited has informed the Exchange about Communication sent to the shareholders of the company for TDS Intimation
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Motherson Sumi Wiring India Limited has sent a communication to its shareholders informing them about Tax Deducted at Source (TDS) on the Final Dividend of Rs. 0.35 per equity share (face value Re. 1) recommended by the Board on May 9, 2025 for FY ended March 31, 2025. The dividend will be paid after the 5th Annual General Meeting, subject to shareholder approval. For resident shareholders with a valid PAN, TDS will be deducted at 10%, while those without PAN or with an inoperative PAN (not linked to Aadhaar) will face 20% deduction. Senior citizens (60+) can submit Form 15H and others can submit Form 15G to avoid TDS if their income is below the taxable limit. Non-resident shareholders, FPIs, and other entities must submit relevant documents to avail lower or NIL TDS rates under Double Taxation Avoidance Agreements. All documents must be submitted to the Registrar KFin Technologies by July 25, 2025, 5:00 PM IST.
This is a routine tax-compliance communication with no direct impact on stock price. Shareholders should ensure their PAN is valid and linked with Aadhaar to avoid higher TDS (20%). Eligible shareholders can submit Form 15G/15H before the July 25 deadline to avoid TDS deduction. Investors may also consider the small dividend quantum (Rs. 0.35/share) when evaluating yield.