Symphony Limited has announced the declaration of an interim dividend of ₹2.00 per equity share (100%) for the financial year 2025-26, as decided in the board meeting held on January 28, 2026. The dividend will be paid exclusively through electronic modes to shareholders registered with the company. Detailed information regarding tax deduction at source (TDS) has been provided, outlining different provisions based on shareholder category and residency status.
Interim Dividend Announcement
The Board of Directors of Symphony Limited has declared an interim dividend of ₹2.00 (100%) per equity share of ₹2.00 each for the financial year 2025-26. This decision was made during the board meeting held on January 28, 2026.
The dividend will be payable to shareholders whose names appear in the Register of Members as of the record date, Tuesday, February 03, 2026. Payments will be made exclusively through electronic modes.
Tax Deduction at Source (TDS) Information
Dividend Distribution Tax has been abolished effective April 1, 2020, making dividend income taxable in the hands of shareholders. Symphony Limited is required to withhold tax at source (TDS) from dividends paid to shareholders.
TDS Provisions for Resident Shareholders
Mutual Funds: No TDS is required under Section 196(iv) if certain conditions are met. A declaration confirming governance by Section 10(23D) and self-attested registration documents are needed.
Alternative Investment Funds (AIF) Category I and II: No TDS is required under Section 197A(1F) if conditions are met. A valid SEBI registration certificate and a declaration stating income is exempt under Section 10(23FBA) are required.
Other Resident Shareholders: TDS is deducted at 10% under Section 194, unless the aggregate dividend distributed to an individual shareholder is less than ₹10,000 during the financial year, or a valid Form 15G/15H is furnished.
Valid PAN is mandatory; otherwise, TDS will be deducted at 20% under Section 206AA. A lower tax withholding certificate under Section 197 can be provided for a reduced TDS rate.
New Pension System (NPS) Trust: Requires self-declaration that it qualifies as NPS trust, regulated by the Indian Trusts Act, 1882, along with a self-attested copy of the PAN card.
Recognized Provident Fund: Requires self-attested copy of a valid order from Commissioner under Rule 3 of Part A of Fourth Schedule to the Act.
TDS Provisions for Non-Resident Shareholders
For Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs), TDS is deducted at 20% (plus applicable surcharge and cess) under Section 196D.
Non-resident shareholders may be able to claim benefits under the Double Tax Avoidance Agreement (DTAA) by providing necessary documents such as PAN copy, Tax Residency Certificate, Form 10F, and a declaration of no Permanent Establishment in India. A declaration of beneficial ownership is also necessary.
Source: BSE
