R Systems International Limited — Important, 11-11-2024: General Updates

The Board of Directors of R Systems International Limited has declared a second interim dividend of Rs. 6.50 per equity share for the financial year ending December 31, 2024. The record date for this dividend is set for November 19, 2024, with payments expected to be made by December 6, 2024. In compliance with the Income Tax Act, the dividend will be subject to tax deduction at source (TDS) based on the classification of shareholders. Resident shareholders with a valid PAN will face a 10% TDS rate, while those without one will incur 20%. Non-resident shareholders can expect a TDS rate of 20%, subject to any applicable Double Tax Avoidance Treaty provisions. Shareholders are encouraged to update their KYC information with their depositories to ensure accurate TDS calculations. This dividend distribution and tax implications provide an opportunity for shareholders to enhance their income while needing to stay informed about tax obligations.