Sundram Fasteners Limited has declared a second interim dividend of Rs 4.25 per share for the financial year ended March 31, 2026. The dividend is scheduled for payout on May 25, 2026. Shareholders must ensure their tax-related documentation, including PAN and residential status, is updated by May 11, 2026, to ensure correct tax deduction at source (TDS) and avoid higher withholding rates.
Dividend Payout Details
The Board of Directors of Sundram Fasteners Limited, during their meeting on April 30, 2026, approved a second interim dividend payment of Rs 4.25 per share, representing 425% of the Re 1 face value. The dividend will be disbursed on May 25, 2026, to all shareholders recorded on the register as of the closing of business on May 8, 2026.
Action Required for Tax Compliance
To facilitate the accurate calculation of tax deduction at source (TDS), shareholders are requested to verify and update their records, including PAN, bank account details, residential status, and category classification, via the designated registry portal. All necessary documentation, such as Form 121 for residents or Form 41 for non-residents seeking tax treaty benefits, must be submitted by the deadline of May 11, 2026.
Electronic Dividend Mandate
In line with current digital mandates, all dividend payments will be processed exclusively through electronic modes. Shareholders holding shares in physical form are strictly required to furnish their PAN, nomination details, bank account information, and specimen signatures to enable successful credit. Investors with demat accounts should coordinate with their Depository Participant (DP) to ensure their banking information, including IFSC and MICR codes, is current to prevent payment failures.
Source: BSE
