Communication to Shareholders Intimation on Tax Deduction on Dividend
SHYAMMETL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shyam Metalics and Energy Limited has informed shareholders about the tax deduction at source (TDS) process on the dividend of ₹2.25 per equity share (face value ₹10) recommended by the Board on May 9, 2025 for FY ended March 31, 2025, subject to approval at the 23rd AGM. The record date is set as August 19, 2025. TDS will be deducted at 10% for resident shareholders with valid PAN, 20% for non-residents without documents, and NIL for resident individuals receiving dividend up to ₹10,000 in a year. Shareholders need to submit required documents (PAN, Form 15G/H, DTAA documents for non-residents) by August 19, 2025 to avoid higher TDS deduction.
This is a routine procedural filing explaining how TDS will be applied on the declared dividend. Shareholders should ensure PAN is linked with Aadhaar and submit relevant tax exemption forms before August 19, 2025 to avoid higher tax deduction on their dividend income.