Symphony Limited has informed the Exchange regarding 'Communication on Tax Deduction at Source (TDS) on Dividend Distribution'.
SYMPHONY · price
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Awaiting price reaction for this filing.
Symphony Limited's Board of Directors declared an Interim Dividend of ₹1.00 per equity share (50% on face value of ₹2.00) for FY 2025-26 at their meeting held on August 1, 2025. The dividend is payable to shareholders whose names appear in the Register of Members as on the record date of Thursday, August 7, 2025, and will be credited electronically to registered bank accounts. The filing details the TDS provisions applicable to various shareholder categories, including a 10% TDS for resident shareholders under Section 194, 20% for FPIs/FIIs under Section 196D, and 0% for entities like Mutual Funds and Category I/II AIFs. Shareholders are required to submit valid PAN, residential status, and relevant declarations/documents to the RTA (Bigshare Services) by the record date to avoid higher TDS deduction.
Shareholders must ensure their PAN, residential status, and bank details are updated with the Company/RTA by August 7, 2025, to avoid higher TDS deduction (up to 20% or more under Section 206AA if PAN is invalid). Non-resident shareholders wanting DTAA benefits need to submit electronic Form 10F, tax residency certificate, and other declarations; otherwise, TDS will be deducted at the default rate. This is a routine procedural communication accompanying the interim dividend declaration and has no direct impact on the stock price.