BATAINDIANSEBata India Limited· Leather And Leather ProductsMinimalNeutral
Announced Fri, 27 Jun · 19:37 IST

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bata India Limited has informed about tax communication to shareholders

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AI summary

Bata India has informed shareholders about tax deduction rules on its final dividend of Rs. 9 per share (180%) recommended for FY 2024-25, pending shareholder approval at the AGM on August 12, 2025. The record date for dividend eligibility is August 1, 2025. For resident shareholders, TDS will be deducted at 10% under Section 194 of the Income-tax Act, which rises to 20% if PAN is not provided or PAN is not linked with Aadhaar. Non-resident shareholders face a default TDS of 20% but can claim lower rates under applicable Double Tax Avoidance Agreements (DTAA) by submitting documents like Tax Residency Certificate and Form 10F by July 22, 2025. Certain categories such as insurance companies, mutual funds, AIFs, NPS trusts, and government corporations are exempt from TDS on submission of self-declarations and supporting documents. Shareholders can submit Form 15G/15H to avoid TDS if their total income is nil and dividend does not exceed Rs. 10,000.

Likely market impact

This is a routine regulatory communication with no material impact on stock price. Shareholders should ensure PAN is linked with Aadhaar and submit exemption documents by July 22, 2025 to avoid higher TDS. The 180% dividend reaffirms Bata's strong shareholder return policy.