Samvardhana Motherson International Limited has submitted the exchange communication sent to shareholders.
MOTHERSON · price
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Awaiting price reaction for this filing.
Samvardhana Motherson International Limited has shared a tax-related communication sent to shareholders concerning the final dividend for the financial year ended March 31, 2025. The Board of Directors, at its meeting on May 29, 2025, recommended a final dividend of Re. 0.35 per equity share (on face value of Re. 1), subject to shareholder approval at the 38th Annual General Meeting. The communication details the applicable Tax Deducted at Source (TDS) rates for both resident shareholders (10% with valid PAN, 20% without) and non-resident shareholders (20% or lower treaty rates). Shareholders must submit required documents to KFin Technologies (the company's registrar) by July 31, 2025, to claim lower or nil TDS rates. This filing is a procedural disclosure under SEBI's listing regulations.
This is primarily a procedural tax-compliance communication and is unlikely to move the stock price. However, it confirms the final dividend payout of Re. 0.35 per share, which is modest in absolute terms given the low face value, and reminds shareholders to file PAN/declaration documents to avoid higher TDS deduction.