Bharat Bijlee Limited has informed the Exchange regarding 'Communication to shareholders - Deduction of Tax at Source on Dividend'.
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Bharat Bijlee has informed shareholders about the process for Tax Deduction at Source (TDS) on the final dividend recommended by the Board. The Board, at its meeting on May 16, 2025, had recommended a dividend of Rs. 35 per equity share (face value Rs. 5), which is a 700% payout, subject to shareholder approval at the 78th AGM on September 11, 2025. Resident shareholders will face 10% TDS (or 20% if PAN is not linked with Aadhaar or is invalid), while non-resident shareholders will face 20% or the applicable tax treaty rate, whichever is lower. Shareholders must submit all required documents (such as Form 15G/15H, PAN-Aadhaar linking, tax exemption forms) to the Registrar (MUFG Intime India) by 5:00 PM on September 3, 2025. No submissions will be accepted after this deadline, and shareholders can still claim refunds by filing their income tax returns if excess TDS is deducted.
Shareholders should ensure their PAN is valid and linked with Aadhaar, and submit the relevant tax forms before September 3, 2025 to avoid higher TDS deduction. This is a procedural communication and does not change the dividend amount; the Rs. 35 per share dividend remains subject to AGM approval.