Bharat Bijlee Rs 35 Dividend TDS Procedure Notification

The Board of Directors declared a dividend of ₹35 per equity share (700%) on shares of face value ₹5 each.
The dividend was declared in the board meeting held on Tuesday, May 12, 2026.
Record Date: Wednesday, July 15, 2026 (for determining eligible shareholders).
Payment Date: Monday, August 03, 2026.

No TDS if total dividend during TY 2026-27 does not exceed ₹10,000 for resident individual shareholders.
Standard TDS rate of 10% under Section 393(1) [Table: S.No.7] read with Section 393(4) [Table Sr. no. 10] of the Income Tax Act, 2025.
Form 121 (erstwhile Form 15G/15H) can be submitted for nil deduction if eligibility conditions are satisfied.

Insurance companies: Declaration per Section 393(4) [Table: Sr.No.10] with registration certificate and PAN.
Mutual Funds: Declaration for exemption under Schedule VII (Table: Sr. No. 20 or 21) of Section 11 with registration documents and PAN.
Alternative Investment Fund (AIF): Declaration for exemption under Schedule V [Table: Sr. No. 1] of Section 11, established as Category I or II AIF under SEBI regulations, with registration documents and PAN.
New Pension System Trust: Declaration with supporting documentary evidence and PAN.
Other shareholders: Declaration with supporting documentary evidence and PAN.
Shareholders with valid certificate under Section 395(1) for lower/nil deduction or exemption certificate from income tax authorities.

Standard withholding tax rate of 20% (plus applicable surcharge and cess) under Section 393(2) [Table Sr. No 17] read with Section 207(1) [Table Sr. No. 1].
Option to avail beneficial rates under Double Tax Avoidance Agreement (DTAA) by submitting:
Self-attested PAN card (if any)
Self-attested Tax Residency Certificate (TRC)
Electronically generated Form 41 (erstwhile Form 10F) from income tax portal
Self-declaration meeting DTAA eligibility and beneficial ownership requirements
For FPIs: Self-attested SEBI registration certificate
For Singapore tax residents: Additional evidence demonstrating non-applicability of Article 24 (Limitation of Relief) under India-Singapore DTAA

20% TDS under Section 397(2) for individuals without PAN, invalid PAN, PAN not linked with Aadhaar, or unregistered PAN details.
20% plus applicable surcharge and cess for non-resident shareholders who do not submit required documents.

1. NIL for Resident Individual Shareholders receiving dividend ≤ ₹10,000 or submitting Form 121 with self-attested PAN.

2. 10% for other resident shareholders if PAN is provided/available.

3. 20% for resident shareholders if PAN is not provided/not available/not linked with Aadhaar.

4. Tax assessed based on documents submitted by non-resident shareholders.

5. 20% plus applicable surcharge and cess for non-resident shareholders not submitting relevant documents.

6. Lower/NIL TDS on submission of valid certificate under Section 395(1).

All documents/declarations must be submitted by Wednesday, July 15, 2026, by 6:00 P.M. (IST).
Documents to be emailed to: investorcare@bharatbijlee.com
Self-attested copies required for PAN card, registration certificates, etc.
No communications received after the deadline will be considered for dividend payment.

Rule 203 of Income Tax Rules, 2026 requires declaration if dividend income is assessable in hands of person other than deductee.
Shareholders must update KYC data (PAN, email, address, mobile, bank details) with RTA MUFG Intime India Private Limited or with Depository Participants for demat holdings.
Soft copy of TDS certificate will be emailed to shareholders post dividend payment.
PAN-Aadhaar linking is mandatory per Section 262 of Income Tax Act; failure results in PAN being invalid/inoperative and 20% TDS.
Clearing members must ensure no shares are in their account on record date.
Company reserves right to verify PAN details through NSDL utility and reject documents with discrepancies.
For shareholders with multiple accounts under different residential status/category but single PAN, the higher applicable tax rate will be applied to entire holding.
Shareholders are responsible for any income tax demands arising from misrepresentation or omission in provided information.
All queries should be addressed to RTA MUFG Intime India Private Limited or company email investorcare@bharatbijlee.com.

Registrar & Share Transfer Agent: MUFG Intime India Private Limited, C-101, 247 Park, L B S Marg, Vikhroli (West), Mumbai – 400 083
Company Email: bblcorporate@bharatbijlee.com; investorcare@bharatbijlee.com
Company Website: www.bharatbijlee.com