Sundram Fasteners Limited — Important, 14-11-2024: Updates

The Board of Directors of Sundram Fasteners Limited has declared an interim dividend of ₹3.00 per share (300% of face value) for the financial year ending March 31, 2025. This payment will be made on or after December 3, 2024, to shareholders listed as of November 18, 2024. Following recent changes in tax regulations, the company will be withholding tax at source (TDS) from dividends exceeding ₹5,000, with rates varying based on the shareholder's residential status. Shareholders are encouraged to update their tax-related details by November 20, 2024, to ensure correct TDS deductions. Additionally, starting April 1, 2024, dividends will only be paid electronically, requiring updated bank and personal details by the same date. This underscores the company’s focus on compliance and efficient shareholder communication, indicating a positive approach to shareholder returns.