Bajaj Finserv Limited has informed the Exchange regarding ' Communication Sent To Shareholders Regarding Tax Deduction At Source (TDS) On Dividend'.
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Bajaj Finserv has sent shareholders a detailed note on how TDS will apply to the ₹1 per share dividend (on face value ₹1) recommended by the Board on 29 April 2025 for FY25. The dividend, subject to shareholder approval at the AGM on 25 July 2025, will be paid to those holding shares as on the record date of 27 June 2025, with payment/dispatch by 29 July 2025. Shareholders must submit PAN, residential status, category, and address to the registrar KFin Technologies by 4 July 2025 to claim correct TDS rates. Resident individuals with dividend up to ₹10,000 in a year face 0% TDS, while most other residents face 10%; non-residents face 20% plus surcharge and cess, with DTAA relief available if documents are provided. PAN not linked with Aadhaar attracts a higher 20% TDS for residents, and no documentation will be accepted after 4 July 2025.
This is a routine tax-compliance communication and does not signal any change in business outlook. Shareholders should ensure their PAN and Aadhaar are linked and submit required documents before 4 July 2025 to avoid excess TDS; the modest ₹1 per share dividend is unlikely to move the stock.