Bharat Petroleum Corporation Limited has informed the Exchange regarding 'communication to members regarding Tax Deduction at Source (TDS) forFinal Dividend'.
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BPCL has communicated to its shareholders the Tax Deduction at Source (TDS) provisions applicable to the final dividend of Rs. 5 per equity share (50% on face value of Rs. 10) recommended by the Board on April 29, 2025 for FY 2024-25, subject to AGM approval in August 2025. The record date for eligibility is Thursday, July 31, 2025. Shareholders seeking TDS exemption must submit Form 15G/15H or other relevant documents (PAN, Tax Residency Certificate, Form 10F, DTAA declarations, etc.) online by Monday, August 4, 2025, 4:00 PM. TDS will be deducted at 10% for resident shareholders (20% if PAN is invalid) and at 20% plus surcharge/cess for non-residents, with DTAA benefits available subject to documentation. Dividend payments will be made only through electronic mode as per SEBI mandate.
Shareholders should update PAN, bank details, and submit exemption forms before August 4, 2025, to avoid higher TDS deduction. Failure to furnish valid documents will result in tax being withheld at the default higher rate, though shareholders can later claim refunds via income tax returns.