Communication to Shareholders-Intimation of Tax Deduction on Dividend
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R Systems International has informed shareholders about the tax deduction provisions applicable on its recently declared interim dividend of Rs. 6.00 per equity share (face value Re. 1) for FY2025. The Board declared this dividend on May 8, 2025, with a record date of May 14, 2025 and payment to be made on or before June 6, 2025. For resident shareholders with a valid PAN, TDS will be deducted at 10%; without PAN, the rate jumps to 20%. Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, though DTAA benefits may lower this for eligible foreign investors. Shareholders must submit required documents (Form 15G/15H, PAN, TRC, Form 10F for NRIs, etc.) on or before May 14, 2025 to avoid higher deductions.
This is a routine compliance communication accompanying an already-declared Rs. 6/share interim dividend — it does not change the dividend amount itself. Shareholders should ensure their PAN, KYC and bank details are updated by the May 14 record date to minimize TDS deductions, particularly small shareholders who can claim exemption via Form 15G/15H.