Communication to shareholders -Tax Deduction on 3rd Interim Dividend
NRBBEARING · price
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NRB Bearings Ltd has announced a 3rd interim dividend of Rs. 2.25 per equity share (face value Rs. 2) for FY 2025-26. The record date for entitlement is May 13, 2026. Since Dividend Distribution Tax was abolished from April 1, 2020, dividends are now taxable in shareholders' hands and the company will deduct TDS. Resident shareholders with valid PAN will face 10% TDS, while those without PAN face 20% TDS. Individual residents receiving dividend up to Rs. 10,000 in the tax year are exempt. Non-resident shareholders (FIIs/FPIs) face 20% TDS or can claim beneficial tax treaty rates. Shareholders must submit required documents by May 14, 2026 to claim any tax exemptions.
Shareholders will receive the net dividend after TDS deduction. Those with proper documentation and exemptions can claim lower/nil TDS rates by submitting declarations before the deadline. Physical share holders must update KYC details to receive dividend electronically.