Speciality Restaurants Limited has informed the Exchange regarding 'Intimation of Tax Deduction on Dividend'.
SPECIALITY · price
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Speciality Restaurants Limited has informed shareholders that the Board has recommended a dividend of Rs. 1.00 per equity share (face value Rs. 10) for FY ended 31st March 2025, subject to approval at the 26th AGM. The company will deduct tax at source (TDS) on this dividend in line with the Income Tax Act, 1961. For resident shareholders, TDS will be 10% with a valid PAN and 20% without PAN or if PAN is inoperative (not linked with Aadhaar). Non-resident shareholders face 20% TDS (plus surcharge and cess), with possible lower rates under Double Taxation Avoidance Agreements if proper documents are submitted. Shareholders must submit required forms and documents (Form 15G/15H, PAN, TRC, Form 10F, etc.) to the company's RTA, MUFG Intime India Pvt Ltd, on or before July 31, 2025 (11:59 p.m. IST) to ensure the correct TDS rate is applied.
Shareholders who fail to submit the required documents by the July 31, 2025 deadline will face a higher TDS rate of 20% on their dividend payouts. Investors can still claim a refund later by filing an income tax return. The actual dividend of Rs. 1 per share is contingent on AGM approval, so this filing is primarily an administrative TDS communication rather than a new corporate action.