TD Power Systems Limited has informed the Exchange about COMMUNICATION TO SHAREHOLDERS-INTIMATION OF TAX DEDUCTED AT SOURCE ON DIVIDEND
TDPOWERSYS · price
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TD Power Systems has informed the stock exchange about a communication sent to its shareholders regarding Tax Deducted at Source (TDS) on dividend payouts. This is a routine regulatory disclosure informing investors that the company will deduct applicable TDS before crediting dividend amounts. The deduction rate typically depends on the shareholder's residential status (resident, non-resident, NRI, FII) and PAN availability. Shareholders are advised to verify their TDS details and check their Form 26AS after receiving the dividend.
No material impact on the stock price. Shareholders should note the net dividend credited to their accounts will be lower than the gross amount due to TDS. Investors should ensure their PAN and tax details are updated with the company/RTA to avoid higher tax deduction.