Communication to Shareholders - Tax Deduction on Dividend Payout
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SNL Bearings has informed shareholders about the tax deduction process on the final dividend of Rs 8.00 per equity share (face value Rs 10) for FY ended March 31, 2025, recommended by the Board on April 27, 2025. The AGM is scheduled for September 11, 2025, and the record date to determine dividend eligibility has been fixed as September 4, 2025. Shareholders must submit relevant TDS-related declarations (Form 15G/15H, PAN, TRC, etc.) by August 22, 2025 to avoid higher TDS deduction. Standard TDS rates apply: 10% for resident shareholders with valid PAN, 20% without PAN, and applicable treaty rates for non-resident shareholders.
This is a procedural communication for shareholders who hold SNL Bearings shares, primarily explaining how TDS will be applied to their dividend income. No new financial action is implied, but shareholders must submit declarations by August 22 to avoid higher tax deduction on the Rs 8 per share dividend.