Bajaj Holdings & Investment Limited has informed the Exchange regarding 'Communication Sent To Shareholders Regarding Tax Deduction At Source (TDS) On Dividend'.
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Bajaj Holdings & Investment has informed the exchanges that it sent a detailed TDS communication to all shareholders on 10 June 2025, in line with the Income Tax Act, 1961. The Board had earlier recommended a dividend of ₹28 per equity share (face value ₹10) for FY ended 31 March 2025, subject to shareholder approval at the AGM on 6 August 2025, with the record date set as 27 June 2025 and payment/dispatch on or before 15 August 2025. TDS will be deducted at 10% for most resident shareholders, 0% for individuals with aggregate dividend up to ₹10,000 in the year (or with valid Form 15G/15H), and 20% plus surcharge and cess for non-residents. Shareholders must submit PAN (linked with Aadhaar), residential status, category, and address details to the company's registrar KFin by 15 July 2025 to claim lower or zero TDS, failing which a higher rate may apply.
This is a routine compliance communication and not new news on the dividend itself. Shareholders, especially non-residents and those with multiple folios, should ensure required documents are submitted to KFin by 15 July 2025 and link PAN with Aadhaar to avoid the 20% higher TDS rate. The ₹28 dividend (subject to AGM approval) remains the key value event for the stock.