Communication for deduction of tax at source on Dividend
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SKP Securities has informed shareholders about the tax deduction rules (TDS) applicable on its declared dividend of Rs. 2 per equity share (face value Rs. 10) for FY 2024-25, which was recommended by the Board on May 10, 2025. The dividend is subject to shareholder approval at the AGM scheduled for September 6, 2025, and the Register of Members will be closed from September 1 to September 6, 2025. Shareholders whose names appear as beneficial owners as of August 30, 2025 will be eligible to receive the payout. The filing mostly lays out TDS rates for various shareholder categories — no TDS for dividends up to Rs. 10,000 for resident individuals, 20% deduction without valid PAN, exemptions for mutual funds, insurance companies, AIFs, NPS trusts, etc. Non-resident shareholders face 20% TDS plus surcharge and cess, with DTAA benefits available subject to document submission.
This is a routine TDS communication with no change to the dividend amount. Shareholders should ensure PAN, Aadhaar linking, and bank/KYC details are updated before August 30, 2025 to avoid higher 20% TDS deduction and to receive dividend on time.