360 ONE WAM declares second interim dividend, tax withholding to apply

360 ONE WAM LIMITED announced on October 20, 2025, that its board of directors declared a second interim dividend of INR 6 per equity share (face value INR 1 each) for the financial year 2025-26. This decision was made at a meeting held on October 17, 2025. The company will withhold taxes at source on this dividend as mandated by the Finance Act, 2020, with rates varying based on the shareholder's residential status and submitted documentation.

Resident individual shareholders will not face tax deductions if their total dividend for the financial year 2025-26 does not exceed INR 5,000. For amounts exceeding this threshold, a 10% tax rate applies, provided a valid PAN and residential status are updated. Without a valid PAN, the tax deduction rate rises to 20%. Non-resident shareholders will be subject to a 20% tax rate (plus applicable surcharge and cess) or a lower tax treaty rate, whichever is less, provided all required documents including a valid Tax Residency Certificate (TRC) and Form 10F are submitted electronically.

Shareholders are urged to update their details and submit necessary documents, such as Form 15G/15H or self-declarations, by October 27, 2025, via the specified link: https://web.in.mpms.mufg.com/client-downloads.html. Incomplete or unsigned forms will not be considered for exemption. No communications regarding tax determination will be entertained after the deadline. Rohit Bhase, company secretary, confirmed the communication and advised shareholders to seek professional tax advice.