As per the Income Tax Act, 1961 ("the Act"), dividend paid or distributed by a Company is taxable in the hands of the shareholders. Accordingly, the dividend declared by SBC Exports Limited ("the Company") for the financial year ended March 31, 2024 will be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source as per the relevant sections of the Income Tax Act, 1961, at the time of making the payment of the dividend.

SEBI has now mandated that the physical shareholders, whose folio(s) do not have PAN, Choice of Nomination, Contact Details (postal address with PIN and mobile number), Bank Account Details and Specimen Signature updated, shall be eligible for any payment including dividend, interest or redemption in respect of such folios, only through electronic mode with effect from April 1, 2024, upon their furnishing all the aforesaid details in entirety. Kindly ensure these details are updated with registrar to avail uninterrupted service request and dividend credit in bank account as no dividend will be paid to physical shareholders by way of issuance of physical warrant with effect from April 1, 2024

The Company Shareholders are requested to kindly note following: :

1. 01 . Communication to stock Exchange and relevant information for Members regarding TDS on dividend


2. 02 . Submission of Tax Related Documents


1. i. Shareholders can download the relevant formats as appended below :
   
       Form No 15H (Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes without deduction of tax.)
   
       Form No 15G Declaration under section 197A(1) and section 197(1A) to be made by an individual or a person (not being a company or a firm) claiming certain income
       without deduction of tax
   
       FORM NO. 10F Information to be provided under sub-section (5) of section 90 or sub-section (5) of section 90A of the Income-tax Act, 1961
   
       self-declaration form
   
       Form ISR -1
   
       Form ISR -2
   
       Documentary evidence –Declaration regarding Category and Beneficial Ownership of shares.
   
   


2. ii. Shareholders are requested to send all the relevant requisite tax related documents mentioned above duly quoting their Folio No. or DP Id-Client Id to M/s SBC Exports Limited 49/95 SITE-IV SAHIBABAD INDUSTRIAL AREA GHAZIABAD, GHAZIABAD, Uttar Pradesh, India, 201010 or scanned copies can be sent at . cs@sbcel.com


3. 3. To enable us to determine the appropriate TDS / withholding tax rate applicable, we request you to provide the above details and documents not later than 23 September, 2024. No communication on the tax determination / deduction shall be entertained after 23 September.