Dividend Recommendation and Approval Process

  • The Board of Directors recommended a dividend of ₹150 per equity share (face value ₹10 each) at their meeting held on 06 May 2026.
  • This dividend recommendation is subject to approval by shareholders at the ensuing Annual General Meeting scheduled for 21 July 2026.
  • If approved, the dividend will be credited/paid on or before 24 July 2026.

Record Date and Beneficial Ownership

  • The record date for determining eligible shareholders is 29 May 2026.
  • Electronic shareholders will be identified based on beneficial ownership data from NSDL and CDSL as of close of business on the record date.
  • Physical shareholders will be identified based on details provided by the share transfer agent, KFin Technologies Limited, as of close of business on the record date.

TDS Compliance Requirements

Shareholders must submit the following details to KFin Technologies Limited by 01 July 2026:

  • Valid Permanent Account Number (PAN)
  • Residential status (Resident or Non-Resident) for Tax Year 2026-27 (1 April 2026 to 31 March 2027)
  • Shareholder category (Mutual Fund, Insurance Company, AIF, Government, FPI/FII, Foreign Company, Individual, HUF, Firm, LLP, AOP, BOI, Trust, Domestic Company, etc.)
  • Address with PIN code (including country)

TDS Rates for Resident Shareholders

  • 0% with valid declaration in Form 121 (replaces Forms 15G and 15H)
  • 20% if PAN is not submitted, invalid, or not linked with Aadhaar
  • Rate provided in certificate for lower or Nil TDS certificate under section 395 of the Act
  • 0% for specific entities (Mutual Funds, Insurance Companies, NPS Trust, Corporations established by Central Act, AIFs) subject to valid documentation
  • 10% for other shareholders

TDS Rates for Non-Resident Shareholders

  • Standard rate: 20% plus applicable surcharge and health & education cess
  • Option to claim beneficial rates under Double Tax Avoidance Agreement (DTAA) with proper documentation
  • DTAA benefits subject to completeness of documentation and satisfactory review by the Company

Documentation Deadline

All documents/certificates/declarations must be uploaded with KFin Technologies Limited at https://ris.kfintech.com/form15/ or https://ris.kfintech.com/clientservices/isc/ by 01 July 2026. No communication will be accepted after this date.

Additional Provisions

  • For multiple accounts under single PAN: highest applicable tax rate will be applied to entire holding
  • For joint shareholding: withholding tax rates based on status of primary beneficial shareholder
  • Lower or Nil withholding tax certificates from tax authorities must be provided to the Company (TAN: PNEB05807E)
  • Shareholders may claim refunds through income-tax returns if higher TDS is deducted due to missing documentation

TDS Certificate and Tax Credit

  • Soft copy of TDS certificate will be emailed to shareholders at registered email ID within prescribed time
  • Tax credit can be viewed in Form 168 (erstwhile Form 26AS) on https://www.incometax.gov.in/iec/foportal/

Shareholder Responsibilities

Shareholders are responsible for indemnifying the Company against any income-tax demands (including interest, penalty) arising from misrepresentation, inaccuracy, or omission of information provided.

Additional Resources

  • FAQs available on KFin website and Company website at https://www.bajajauto.com/investors/dividend
  • Step-by-step procedure for document submission will be provided through individual communication from KFin

Disclaimer

The information provided does not constitute legal or tax advice. Investors should consult their own tax consultants for specific tax implications.