SANDUMA: Tax Deduction on Dividend, Bank Account Update
The announcement provides important information regarding dividend taxation and payment procedures, which affects all shareholders.
The announcement is informational, detailing tax-related procedures for dividend payments.
* Sandur Manganese & Iron Ores Limited (SANDUMA) informs shareholders regarding tax deduction on dividend, update of bank account, and other details. * The Board recommended a dividend of ₹1.25 per equity share (12.5%) for FY25, subject to shareholder approval at the AGM on 17 September 2025. * Dividends paid after 1 April 2020 are taxable in the hands of shareholders, and the company will deduct tax at source (TDS) at applicable rates. * SEBI mandates that dividends for shareholders holding shares in physical form will be paid only through electronic mode from 1 April 2024, contingent on KYC compliance. * TDS will be deducted at 10% for resident shareholders with valid PANs. For those without PAN/invalid PAN/PAN not linked with Aadhaar, TDS will be deducted at 20%. * Non-resident shareholders may be subject to TDS at 20% (plus surcharge and cess) or the tax treaty rate, depending on documentation. * Shareholders are requested to provide necessary documents to VCCIPL, RTA by 10 September 2025, to determine the applicable TDS rate. * Shareholders holding shares in dematerialized mode, are requested to update their records such as tax residential status, PAN, registered email addresses, mobile numbers and other details with their relevant Depositories through their Depository Participants. * Shareholders holding shares in physical mode are requested to furnish details to the RTA at investor.relations@vccipl.com on or before Wednesday, 10 September 2025.
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Sandur Manganese & Iron Ores Limited filed this with the NSE as a statutory disclosure, categorised under regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sandur Manganese & Iron Ores Limited. Read the original for the full detail.