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August 04, 2026
To, To,
National Stock Exchange of India Limited BSE Limited
Symbol – Symphony Security Code – 517385
Sub.: Communication on Tax Deduction at Source (TDS) on Dividend Distribution
Dear Sir / Madam,
Pursuant to the declaration of interim dividend by the Board of Directors of the Company at
its Board Meeting held today i.e. August 04, 2026, the Company has sent an enclosed
Communication on Tax Deduction at Source (TDS) on Dividend Distribution, through email to
its shareholders, whose email addresses are registered with the Company / Depository
Participant.
The specimen of the communication is appended for your reference and records.
This is for your reference and records.
Thanking You,
Yours truly,
For Symphony Limited
Mayur Barvadiya
Company Secretary and Head – Legal
Encl : as above
Registered Office: Symphony Limited, Symphony House, Third Floor, FP-12, TP-50, Off S.G. Highway, Bodakdev, Ahmedabad - 380 059, India
T: +91-79-66211111, F: +91-79-66211139-40 l Email – companysecretary@symphonylimited.com I www.symphonylimited.com
CIN - L32201GJ1988PLC010331
COMMUNICATION ON TAX DEDUCTION AT SOURCE (TDS) ON DIVIDEND
DISTRIBUTION
August 04, 2026
Dear Shareholder(s),
We are pleased to inform you that the Board of Directors has declared an Interim
Dividend of ₹1.00 (50%) per equity share of ₹2.00 each for the financial year 2026-27
in their meeting held on August 04, 2026.
The said dividend will be payable to those shareholders whose name appear in the
Register of Members of the Company as on the record date i.e., Tuesday, August 11,
2026. The said shareholders will be entitled to receive the dividend exclusively
through electronic modes approved by the Reserve Bank of India. Issuing physical
instruments such as warrants, cheques, or drafts is no longer allowed. Those
shareholders, who have not registered their bank account details with the depository
participant/ RTA, are advised to update their bank details with the Depository
Participant (DP). Shareholders holding shares in physical mode are advised to update
their bank details with the Company / RTA by submitting Form ISR-1, ISR-2, SH-13, a
cancelled cheque, the client master form from their demat account, and self-attested
copies of any other relevant documents to the Company or its RTA, i.e. M/s. Bigshare
Services Private Limited.
As you may be aware, in terms of the provisions of the Income-tax Act, 2025 (‘the
Act’) read with relevant Income-tax Rules, 2026 (‘the Rules’), dividend declared and
paid by a Company on or after April 1, 2026 shall be taxable in the hands of the
shareholders. The companies are required to withhold tax at source from dividends
paid to shareholders at prescribed rates (plus applicable surcharge and cess), as may
be notified from time to time.
This communication summarizes the applicable TDS provisions in accordance with the
provisions of the Act for various shareholder categories, including a Resident or Non-
Resident shareholder. The TDS rate would vary depending on the residential status of
the shareholder and the documents submitted by them and accepted by the
Company. Accordingly, the Dividend will be paid after deducting TDS as explained
herein.
Section 1: Mandatory details applicable for all shareholders
All shareholders are requested to ensure that the below mentioned details are
completed and/or updated, as applicable, in their depository records through their
depository participant (if shares are held in Demat form) or in the register of members
through the registrar and share transfer agent (if shares are held in physical form) on
or before the record date i.e. Tuesday, August 11, 2026.
a. Residential status as per the Act i.e. Resident or Non-Resident for TY 2026-27
b. Valid Permanent Account Number (PAN)
c. Category of shareholder viz. Mutual Fund, Insurance Company, Alternate
Investment Fund (AIF) Category I and II, AIF Category III, Foreign Portfolio
Investor (FPI) /Foreign Institutional Investor (FII), Foreign Company, Others
(being Individual, Firm, Trust, AJP, etc.): - Individual, Hindu Undivided Family
(HUF), Firm, Limited Liability Partnership (LLP), Association of Persons (AOP),
Body of individuals (BOI) or Artificial Juridical Person (AJP), Trust, Domestic
company, foreign or any other category, as applicable.
d. Email id
e. Address
Please note that the above details as available on record date in the register of
members will be relied upon by the Company, for the purpose of complying with the
applicable TDS provisions.
Section 2: TDS Provisions and documents required as applicable for relevant
category of shareholders.
In addition to ensuring completion and/or updating, as applicable, of above
mandatory details, shareholders are also requested to take note of the TDS rates and
additional information requested by the Company for their respective category in
order to comply with the applicable TDS provisions.
The Resident Non-Individual Members, i.e., Insurance companies, Mutual Funds,
and Alternative Investment Funds (AIF) established in India and Non-Resident Non-
Individual Members, i.e., Foreign Institutional Investors and Foreign Portfolio
Investors, may alternatively submit the relevant forms/declarations/documents
through their respective custodian who is registered on NSDL platform, on or before
the aforesaid timelines.
1. Resident Shareholder:
Relevant Rate
Category of Exemption applicability/
section of the of
shareholder Documentation Requirement
Act Tax
Mutual Funds - 393(5)(d) 0% No TDS is required to be deducted as
Applicable for per Section 393(5)(d) of the Act,
Mutual Funds subject to specified conditions. A
registered with declaration that they are governed by
SEBI the provisions of Schedule VII (Table: Sl.
No 20 or 21 of the Act along with self-
attested copy of relevant registration
documents (*) (***).
Category I and II 393(4) 0% No TDS is required to be deducted as
Alternative per Section 393(4) of the Act, subject to
Investment specified conditions. A Copy of valid
Funds (AIF) SEBI registration certificate need to be
submitted, along with a declaration
that its income is exempt under
Schedule V (Table: Sl. No 1) of the Act.
(*) (***)
Other resident 393(1) (Table: 10% a) TDS is required to be deducted at
shareholder Sl. No. 7) the rate of 10% under Section
393(1) (Table: Sl. No. 7) of the Act.
b) No TDS is required to be deducted,
if aggregate dividend distributed or
likely to be distributed during the
financial year to individual
shareholder does not exceed ₹
10,000/-.
c) No TDS is required to be deducted
on furnishing of valid Form 121 (#)
(for individuals, with no tax liability
on total income and income not
exceeding maximum amount which
is not chargeable to tax) or Form
121 (#) (for individual above the age
of 60 years with no tax liability on
total income). (*) (***)
d) PAN available in the register of
members must be valid (**). TDS is
required to be deducted at the rate
of 20% under Section 397(2)(b) of
the Act, if valid PAN of the
shareholder is not available.
e) TDS is required to be deducted at
the rate prescribed in the lower tax
withholding certificate issued
under Section 395 of the Act, if
such valid certificate is provided. (*)
(***)
New Pension 393(1)(9) 0% Self-declaration that it qualifies as NPS
System r.w.s Sch VII trust and income is eligible for
(NPS) Trust (Table: Sl. No. exemption under Sch VII (Table: Sl. No.
41) 41) of the Act and being regulated by
the provisions of the Indian Trusts Act,
1882 along with self-attested copy of
the PAN card.
Recognized Circular 0% Self-attested copy of a valid order from
Provident 18/2017 Commissioner under Rule 3 of Part A of
Fund issued by Fourth Schedule to the Act, or self-
CBDT as read attested valid documentary evidence
with the (e.g. relevant copy of registration,
corresponding notification, order, etc.) in support of
provisions of the provident fund being established
the Act / the under a scheme framed under the
Rules. Employees' Provident Fund
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