Ratnamani Metals & Tubes Limited has informed the Exchange regarding 'Communication to the Shareholders of the Company for Deduction of Tax at Source (TDS) on Dividend payment during the Financial Year 2025-26 and Updation of their PAN, Email Address, Mobile Number, Choice of Nomination and Bank Account details'.
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Ratnamani Metals & Tubes has informed the exchange about TDS communication sent to shareholders for FY 2025-26. The Board had earlier recommended a dividend of Rs.14.00 per equity share (face value Rs.2.00) on May 16, 2025 for the financial year ended March 31, 2025. The 41st AGM is scheduled for September 9, 2025, with the record date fixed as September 2, 2025. TDS will be deducted at 10% for resident shareholders with valid PAN and at 20% if PAN is missing or not linked with Aadhaar. Shareholders have been emailed on June 10, 2025, and must submit forms like 15G/15H or treaty documents by August 25, 2025, to claim lower or zero TDS. Shareholders are also asked to update PAN, email, mobile number, bank details, and nomination details.
This is a routine procedural filing related to TDS compliance on an already announced dividend. Shareholders should update their KYC details and PAN-Aadhaar linkage by August 25, 2025, to avoid higher TDS deduction at 20%. The actual dividend payment still requires shareholder approval at the AGM on September 9, 2025.