Bajaj Electricals Limited has informed the Exchange about General Updates
BAJAJELEC · price
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Bajaj Electricals has sent shareholders a detailed communication on how tax will be deducted at source (TDS) on the final dividend for FY2024-25. The Board, at its May 12, 2025 meeting, recommended a final dividend of Rs. 3.00 per equity share (face value Rs. 2.00), subject to shareholder approval at the 86th AGM on August 7, 2025. The record date is July 18, 2025, and the dividend will be paid on or before August 11, 2025. Resident shareholders will face 10% TDS (rising to 20% if PAN is invalid or not linked to Aadhaar), while non-residents will face 20% plus applicable surcharge and cess, with lower rates available under Double Tax Avoidance Treaties (DTAA) on submission of documents. Shareholders must submit PAN, KYC, bank details, and tax forms (15G/15H for residents, 10F/TRC for non-residents) by July 18, 2025 to avoid higher deductions.
This is a routine procedural filing tied to the already-declared Rs. 3 per share dividend; it does not change the company's business or financial outlook. Shareholders should ensure their PAN, bank, and KYC details are updated and submit tax exemption forms before the July 18, 2025 record date to avoid excess TDS being deducted.