SRF Limited has informed the Exchange regarding 'Tax Deducted at Source (TDS) on Dividend'.
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Awaiting price reaction for this filing.
SRF Limited has informed the stock exchanges about the applicable Tax Deducted at Source (TDS) provisions on the dividend being paid to its shareholders. TDS is a mandatory deduction the company makes before crediting dividend amounts to shareholders' accounts, based on the income tax slab applicable to each shareholder. Domestic shareholders above the basic exemption threshold will have tax deducted at the prescribed rate (typically 10% for dividends above ₹5,000 in a financial year for residents), while non-resident shareholders face higher TDS rates as per applicable DTAA or Indian tax laws. Shareholders can avoid or reduce TDS by submitting valid PAN, Aadhaar, Form 15G/15H (for eligible residents), or tax residency certificates (for non-residents) before the record date.
This is a routine regulatory filing and does not affect the dividend amount declared. Shareholders should ensure their PAN and tax exemption forms are updated with the company's registrar (KFin Technologies) to minimize TDS deductions on their dividend income.