Sundram Fasteners Limited has informed the Exchange regarding 'Communication To Shareholders - Deduction Of Tax At Source On Dividend'.
SUNDRMFAST · price
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Sundram Fasteners has issued a standard communication to its shareholders explaining how tax will be deducted at source (TDS) on the dividend payout. As per Income Tax rules, the company will deduct tax from dividends before crediting them to shareholders. The TDS rate for resident shareholders is generally 10% (for amounts above ₹5,000 in a financial year), while non-resident shareholders face higher rates as per applicable tax treaties. Shareholders may submit relevant declarations or PAN/Aadhaar details to claim lower or nil TDS where eligible. Shareholders are advised to review the detailed notice on the company's website or contact the registrar for clarification.
This is a routine regulatory compliance filing and does not impact the company's business or stock price. Shareholders should ensure their PAN and bank details are updated with the registrar to avoid higher tax deduction.