Banco Products (I) Limited has informed the Exchange about a specimen copy of the email communication sent to all the shareholders whose email IDs are registered with the Company / Depositories, explaining the process and documentation required for claiming exemption / withholding tax on second interim dividend, as per the prescribed rates.
BANCOINDIA · price
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Banco Products (India) Limited has informed the exchanges about an email sent to shareholders explaining the TDS process for the second interim dividend. The Board, at its meeting on 13th March 2026, declared a second interim dividend of Rs. 8 per share (400%) on the face value of Rs. 2 for FY 2025-26, with a record date of 19th March 2026. TDS will be deducted at 10% for resident shareholders under Section 194 of the Income Tax Act, with no TDS for individuals receiving total dividend up to Rs. 10,000. Non-resident shareholders will face 20% withholding tax plus surcharge and cess, unless they provide documents to claim DTAA benefits. Shareholders must submit required documents (Form 15G/15H, PAN, TRC, etc.) by 19th March 2026 to avoid higher TDS deductions.
This is a routine TDS compliance communication with no direct impact on stock price. Shareholders should review the documentation requirements and submit forms before the 19th March 2026 deadline to claim exemptions or lower TDS rates on the upcoming dividend payout.