Samvardhana Motherson International Limited has submitted the exchange communication sent to shareholders.
Awaiting price reaction for this filing.
Samvardhana Motherson International Limited has submitted to BSE/NSE an email communication sent to shareholders explaining how tax will be deducted at source (TDS) on the final dividend declared for FY ended March 31, 2025. The Board of Directors, at its meeting on May 29, 2025, recommended a final dividend of Re. 0.35 (35 paise) per equity share on a face value of Re. 1, subject to shareholder approval at the 38th AGM. The dividend will be paid after AGM conclusion with TDS at 10% for resident shareholders with valid PAN, 20% for invalid or Aadhaar-unlinked PAN, and Nil for those submitting valid Form 15G/15H declarations. Non-resident shareholders can claim beneficial rates under Double Taxation Avoidance Agreements by submitting required documents including Tax Residency Certificate and Form 10F. Shareholders must submit all required documents to the company's RTA (KFin Technologies) by Thursday, July 31, 2025, 5:00 PM IST, beyond which communications will not be entertained.
This is a routine compliance filing and does not impact share price. Shareholders should note the Re. 0.35 final dividend per share and ensure PAN/Aadhaar linkage and submission of relevant forms to KFintech by July 31, 2025, to avoid higher TDS deduction. The small dividend amount suggests this is essentially a token/stub dividend — investors expecting meaningful income from holdings should recalibrate expectations.