Please find enclosed intimation w.r.t. email communication which has been sent to all the Members.
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Bombay Oxygen Investments has informed shareholders about the tax deduction (TDS) process for the recently declared dividend. The Board, at its 28th May 2025 meeting, recommended a dividend of Rs. 35 per equity share on a face value of Rs. 100 (35% on face value) for FY ending 31st March 2025, subject to shareholder approval at the AGM on 15th July 2025. The communication explains TDS rates for resident shareholders (10% with PAN, 20% without PAN), nil TDS for certain categories like mutual funds and insurers, and 20% (plus surcharge/cess) for non-resident shareholders or lower treaty rates with required documentation. Shareholders must submit PAN, Aadhaar linking, and any exemption forms (15G/15H/10F) by 4th July 2025; physical folio holders need KYC-compliant details for electronic dividend credit.
This is a procedural filing that provides clarity on tax withholding for the upcoming dividend. Shareholders need to ensure PAN/Aadhaar linking and submit the right exemption forms before 4th July 2025 to avoid higher TDS deduction of 20%. The generous Rs. 35 per share dividend reflects the company's strong cash position and shareholder-friendly capital allocation.