BSL Limited has informed the Exchange regarding 'E-Mail Communication To Shareholders In Respect Of Tax Deduction At Source (TDS) On Dividend For Financial Year 2024-25'.
BSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
BSL Limited has sent an email to shareholders explaining the Tax Deduction at Source (TDS) rules on the final dividend recommended for FY 2024-25. The Board, at its meeting on 22nd May 2025, has recommended a final dividend of Rs. 0.80 (8%) per equity share on a face value of Rs. 10, subject to shareholder approval at the upcoming 54th AGM. As per the Income Tax Act, TDS will be deducted before paying the dividend — 10% for resident shareholders with valid PAN, 20% if PAN is missing or not linked with Aadhaar, and 20% (or DTAA treaty rate, whichever is lower) for non-resident shareholders. Shareholders seeking lower or nil TDS must submit the required documents (Form 15G/15H, PAN, Tax Residency Certificate, etc.) by 7th August 2025 to the company's designated email or RTA. The communication also reminds physical shareholders to update KYC, PAN-Aadhaar linking, and bank details, as SEBI now mandates electronic dividend payments for physical holdings.
Shareholders will receive the Rs. 0.80 per share dividend net of TDS, so the actual payout will be lower depending on their tax category and documentation. No material change for the stock price — this is a routine compliance communication ahead of the AGM and does not alter the underlying dividend quantum.