Company Disclosure

SNL Bearings Limited communicated detailed tax deduction procedures to shareholders regarding the interim dividend payout for the financial year 2026-27.

Dividend Declaration

The Board of Directors at their meeting held on Tuesday, November 03, 2026 recommended an interim dividend of ₹6.00 (Rupees Six) per equity share of face value of ₹10 (Rupees Ten) each. The company fixed Wednesday, November 11, 2026 as the Record Date for determining entitlement of members to interim dividend.

Tax Deduction Framework

As per Income Tax Act, 2025 and Rules framed thereunder, as amended by Finance Act, 2026, dividends paid after April 01, 2020 are taxable in shareholders' hands. The company will deduct tax at source during interim dividend payment.

Resident Shareholders TDS Structure

A.1 Tax Deductible Scenarios:

  • Valid PAN updated: 10% TDS
  • No/Invalid PAN: 20% TDS
  • Lower/nil tax deduction certificate u/s 395: Rate specified in certificate
  • Intermediaries/Custodian cases under Rule 203: Declaration required

A.2 Nil TDS Scenarios (with documentation):

  • Individuals furnishing Form 121
  • Shareholders exempt u/s 393 (LIC, GIC, Business Trusts, REITs, InVITs)
  • Entities covered u/s 393 (Government, RBI, Mutual Funds, corporations)
  • Category I and II Alternative Investment Funds (AIF)
  • Any other entity exempt from TDS u/s 393

No TDS will be deducted for resident individual shareholders if total dividend during FY 2026-27 does not exceed ₹10,000.

Non-Resident Shareholders TDS Structure

B. Tax Deductible Scenarios:

  • Foreign Institutional Investors/FPIs: 20% (plus surcharge/cess) or tax treaty rate
  • Category III AIF in IFSC: 10% (plus surcharge/cess)
  • Other non-residents: 20% (plus surcharge/cess) or tax treaty rate
  • Non-residents from Notified Jurisdictional Area: 30%
  • Sovereign Wealth Funds and Pension funds notified u/Schedule V: NIL
  • Subsidiary of ADIA as prescribed u/s 11: NIL
  • Lower/NIL tax deduction certificate u/s 395: Rate specified in certificate
  • Intermediaries/Custodian cases under Rule 203: Declaration required

Documentation Requirements

Non-resident shareholders must submit:

  • Self-attested PAN copy
  • Tax Residency Certificate (TRC)
  • Electronic Form 41
  • Self-declaration confirming no Permanent Establishment in India
  • Specific annexures as applicable

Critical Deadlines and Procedures

All declarations and documents must be submitted by Wednesday, November 11, 2026 by 05:00 PM (IST) through:

  • Web portal: https://easydividend.nexdigm.com/Shareholders

Additional Compliance Notes

  • PAN must be linked with Aadhaar as per Section 262 of Income Tax Act
  • Shareholders must update KYC data (PAN, email, address, mobile, bank details)
  • TDS certificates will be issued electronically to registered email addresses
  • Company reserves right to verify documents and apply higher TDS rates if discrepancies found
  • Shareholders with multiple accounts under single PAN will have highest applicable rate applied to entire holding

Disclaimer

The communication is not exhaustive and shareholders should consult tax advisors. The company disclaims liability for any taxes deducted and shareholders are responsible for indemnifying the company against any demands arising from misrepresentation.