TIMKENBSETimken India LtdMediumPositive
Announced Tue, 7 Jul · 16:13 IST

Timken India announces Rs 2.50 dividend, TDS details for shareholders

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AI summary

Timken India has recommended a dividend of Rs 2.50 per equity share (face value Rs 10) for FY ending 31 March 2026, subject to shareholder approval at the 39th AGM. The company has issued a communication explaining TDS provisions on this dividend. Resident individuals will face 10 percent TDS with valid PAN, and 20 percent without PAN. Non-residents face 20 percent TDS plus applicable surcharge and cess. Shareholders must submit required tax documents to the company by 8 August 2026 to avoid higher deduction.

Likely market impact

Routine TDS communication on the recommended Rs 2.50 dividend. Shareholders should submit tax documents by 8 August 2026 to avoid higher tax deduction at source.