S Chand and Company Limited has announced its 53rd Annual General Meeting (AGM) scheduled for September 20, 2024, and provided important details regarding the final dividend for the financial year 2023-24. The AGM will be held through video conferencing in compliance with relevant regulatory provisions.
S Chand’s 53rd Annual General Meeting Details
S Chand and Company Limited, a leading educational content and services provider, has scheduled its 53rd Annual General Meeting on September 20, 2024. The meeting will be conducted through video conferencing (VC) in adherence to the provisions of The Companies Act, 2013, and various circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
The company has ensured that the AGM will be accessible to all members, and necessary instructions for joining the meeting will be provided in the notice sent to shareholders.
S Chand and Company Limited is providing its members with the facility to cast their votes electronically before and during the AGM.
Members who have not registered their email addresses can still cast their votes through the e-voting system. Detailed instructions for joining the meeting via video conferencing and voting procedures will be outlined in the AGM notice, which will be sent to all members whose email addresses are registered with their respective depository participants.
The Board of Directors of S Chand and Company Limited has recommended a final dividend of ₹3 per equity share for the financial year 2023-24. The record date to determine shareholders eligible for the dividend is September 13, 2024.
Shareholders who have updated their bank account details will receive the dividend electronically. Those who have not updated their bank details will receive dividend warrants, demand drafts, or cheques at their registered addresses.
Under the Income Tax Act, 1961, the dividend paid by S Chand and Company Limited will be taxable in the hands of the members. The company is required to deduct TDS at the prescribed rates applicable to each category of shareholders. Shareholders are requested to submit the requisite documents to the company’s Registrar and Transfer Agent (RTA) by September 16, 2024, to ensure the correct tax deduction at source.
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