Bajaj Electricals informs shareholders about TDS on final dividend of Rs 3 per share

BAJAJELEC · price

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AI summary

Bajaj Electricals has informed shareholders about TDS rules on the final dividend of Rs 3.00 per share (face value Rs 2) recommended for FY26, subject to AGM approval on August 6, 2026. Record date is July 17, 2026, and dividend payout is on or before August 10. Default TDS is 10 percent for residents and 20 percent for non-residents. Shareholders must submit tax documents such as PAN, Form 121, or DTAA forms for NRIs by July 17 to claim exemptions or lower rates. Higher 20 percent TDS applies if PAN is missing or not linked with Aadhaar.

Likely market impact

Shareholders should update PAN and bank details and submit tax exemption documents by July 17 to avoid higher TDS deduction on the dividend.