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International Conveyors Ltd. ( (IN:INTLCONV) ) has provided an announcement.
International Conveyors Limited has announced that dividends declared for the fiscal year 2024-25 will be subject to tax deduction at source (TDS) as per the amended Income Tax Act, 1961. The company has outlined the procedures for shareholders to ensure their KYC details are updated to receive dividends electronically, following SEBI’s mandate for electronic payments to security holders. This move underscores the company’s compliance with regulatory requirements and highlights the importance of shareholders maintaining updated records to avoid dividend withholding.
More about International Conveyors Ltd.
International Conveyors Limited operates in the manufacturing industry, focusing on the production of conveyor belting products. The company serves various sectors, including mining and material handling, with a market focus on providing high-quality and durable belting solutions.
Average Trading Volume: 31,897
Technical Sentiment Signal: Buy
Current Market Cap: 5.55B INR
For a thorough assessment of INTLCONV stock, go to TipRanks’ Stock Analysis page.