Sundram Fasteners Limited has informed the Exchange regarding Communication to shareholders on deduction of tax at source on dividend.
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Sundram Fasteners has communicated details about TDS on the second interim dividend of Rs 4.25 per share (425% on face value of Re 1) for FY 2025-26. The dividend will be paid on May 25, 2026 to shareholders on record as of May 8, 2026. The company will deduct TDS at prescribed rates depending on shareholder category - ranging from nil for mutual funds, insurance companies, government entities and pension schemes to 10% for resident individual shareholders (or 20% if PAN is unavailable). Non-resident shareholders may claim treaty benefits by submitting Form 41 and tax residency certificate. Shareholders must submit required documents by May 11, 2026 to ensure correct TDS rates are applied.
Dividend payment is proceeding as scheduled. Shareholders should submit required documents promptly to avoid excess TDS deduction. The communication is standard compliance procedure and does not indicate any change in dividend policy or company financial health.