Technocraft Industries (India) Limited has informed the Exchange regarding 'E-mail to shareholders intimating about deduction of tax at source (TDS) on Interim Dividend .'.
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Technocraft Industries has sent an email to shareholders informing them about Tax Deducted at Source (TDS) requirements on an interim dividend that the Board may consider in its meeting on May 28, 2026. The filing specifies TDS rates for different shareholder categories: resident individual shareholders with valid PAN will face 10% TDS, while those without PAN or with invalid/inoperable PAN will face 20% TDS. Resident individuals can claim NIL TDS by submitting Form 121 if the dividend does not exceed Rs 10,000 or by providing required exemptions documentation. Non-resident shareholders will face 20% TDS (plus surcharge and cess) or lower Tax Treaty rates if proper documentation including Tax Residency Certificate and Form 41 is submitted. Shareholders must submit required documents by June 6, 2026 to enable appropriate TDS deduction.
This is a routine procedural filing about tax compliance on an upcoming dividend. The actual dividend amount and yield are not disclosed in this filing. No direct impact on stock price is expected from this announcement alone, though it confirms the company is considering an interim dividend.