Sandur Manganese & Iron Ores Limited has informed the Exchange about communication to shareholders regarding Deduction of Tax on Dividend, Update of Bank Account and Other Details
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Sandur Manganese & Iron Ores has written to shareholders about the tax and procedural formalities tied to its recently recommended dividend of Rs.1.25 per equity share (12.5% on face value of Rs.10) for FY ended 31 March 2025, pending approval at the 71st AGM on 17 September 2025. The company will deduct tax at source — 10% for shareholders with valid PAN, 20% if PAN is missing/invalid/not linked with Aadhaar — and has outlined separate provisions for non-resident, FII/FPI, insurance, mutual fund, AIF, and NPS trust shareholders. Shareholders must submit required documents (PAN, Form 15G/H, tax residency certificate, etc.) to the RTA by 5 PM on 10 September 2025, failing which higher TDS will apply. SEBI's mandate that physical-share dividend be paid only via electronic mode from 1 April 2024 is reiterated, and shareholders in physical form are asked to update bank mandate, PAN, contact and KYC details using Form ISR-1.
This is a routine administrative communication and not a new corporate action. It confirms a 12.5% dividend on face value is on track post-AGM approval; shareholders should update PAN and bank details by 10 September 2025 to avoid higher 20% TDS or delays in receiving the dividend.