TD Power Systems Limited has informed the Exchange regarding 'Communication on Tax Deducted at Source'.
TDPOWERSYS · price
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TD Power Systems has informed shareholders about the Tax Deducted at Source (TDS) rules that will apply to the dividend declared for FY ending March 31, 2025. The Board had recommended a dividend of ₹0.65 per equity share (face value ₹2 each) on May 12, 2025, pending shareholder approval at the upcoming AGM. For resident shareholders, TDS will be 10% if PAN is registered and valid, and 20% if PAN is missing or invalid (e.g., not linked with Aadhaar). No TDS applies if total dividend for FY 2025-26 is ₹10,000 or less, or for eligible senior citizens submitting Form 15H, or for entities like LIC, GIC, mutual funds, and SEBI-registered AIFs. Non-resident shareholders will face 20% TDS plus applicable surcharge and cess, or a lower tax treaty rate, subject to submission of required documents. Shareholders must upload exemption forms and supporting documents on the RTA's web portal (MUFG Intime) on or before July 30, 2025.
This is a routine procedural communication and does not impact the stock price. Shareholders should ensure their PAN is valid and linked with Aadhaar to avoid the higher 20% TDS rate, and eligible shareholders should submit Form 15G/15H or other exemption documents before the July 30, 2025 deadline to avoid excess tax deduction.