Sundram Fasteners Limited has issued a communication to its shareholders regarding the deduction of Tax at Source (TDS) on the Second Interim Dividend declared for the Financial Year ended March 31, 2026. The Board of Directors, in their meeting on April 30, 2026, approved a dividend of ₹4.25 per share (425%) on shares with a face value of ₹1. The dividend is scheduled to be paid on May 25, 2026, to shareholders of record as of May 8, 2026. The company emphasized that dividend payments are subject to TDS as per the Income-Tax Act, 2025, with rates varying based on the shareholder's residential status and category. Shareholders are required to update their details, including PAN, bank account, residential status, and category, via a provided link if they wish to change them. Specific documentation requirements are outlined for various resident and non-resident shareholder categories to avail of exemptions or claim beneficial tax treaty rates, with a deadline of May 11, 2026, for submission. The company also provided important notes for shareholders holding shares in physical and demat forms regarding dividend payment through electronic mode and the necessity of updated bank details.
