Sportking India Limited has informed the Exchange regarding 'Intimation on tax Deduction on Dividend'.
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Awaiting price reaction for this filing.
Sportking India has informed shareholders about the tax deduction rules applicable to its final dividend of Rs. 1 per equity share (100% on face value of Rs. 1) for FY 2024-25, subject to shareholder approval at the AGM on August 30, 2025. The record date for the dividend is August 23, 2025, and payment will be made within 30 days of the AGM. For resident individual shareholders, TDS will be deducted at 10% if a valid PAN is registered, otherwise 20%; no TDS applies if total dividend during FY 2025-26 does not exceed Rs. 10,000 or if eligible Form 15G/15H is submitted. Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, or a lower DTAA rate if the required documents (TRC, Form 10F, self-declaration) are submitted. Shareholders must update PAN, bank details and KYC with depositories or the RTA before August 22, 2025 to ensure correct TDS deduction.
This is a routine procedural filing with no material impact on the stock. Investors holding shares should ensure their PAN and KYC details are updated before the August 22, 2025 deadline to avoid higher TDS deduction on the Rs. 1 per share dividend.