Symphony Limited has informed the Exchange regarding 'Communication of Tax Deduction at Source (TDS) on Dividend Distribution'.
SYMPHONY · price
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Symphony Limited has informed shareholders about the TDS provisions applicable on its final dividend of ₹8.00 per share (400% on face value of ₹2) declared for FY 2024-25 by the Board on May 7, 2025. The dividend is payable to shareholders on the register of members as on the record date of July 18, 2025, via electronic credit to their bank accounts. TDS will be deducted at 10% for resident shareholders (Section 194) and 20% (plus surcharge and cess) for FPIs/FIIs (Section 196D), while Mutual Funds, Category I & II AIFs, NPS Trusts, and other exempt entities attract 0% TDS subject to documentation. Shareholders must ensure their PAN, residential status, category details, email, and address are updated with their depository/RTA on or before the record date. The filing is largely a procedural tax-compliance communication explaining applicable TDS rates and required documents for different shareholder categories.
This is a routine tax-compliance announcement with no material change to the dividend amount or company operations. Shareholders should update their records before July 18, 2025 to avoid higher TDS deduction (20% under Section 206AA if PAN is invalid); no direct impact on share price is expected.