Company Disclosures

Bombay Oxygen Investments Limited (Scrip Code: 509470) has communicated detailed procedures for tax deduction at source (TDS) on dividend payments to shareholders. The disclosure was made via a letter to BSE Ltd dated July 21, 2026, signed by Anshika Pal, Company Secretary and Compliance Officer (ACS Membership No: A78049).

Key Quantitative Figures

The Board of Directors recommended a dividend of Rs. 25 per equity share of Rs. 100 each for the financial year ended March 31, 2026. The TDS threshold for resident individual shareholders is ₹10,000 aggregate dividend during FY 2026-27. Non-resident shareholders face a default TDS rate of 20% plus applicable surcharge and cess if proper documentation is not provided.

Dates of Action

  • Board Meeting: May 27, 2026 (dividend recommendation)
  • AGM Date: August 25, 2026 (shareholder approval required)
  • Record Date: August 18, 2026 (for determining shareholder entitlement)
  • Deadline for documentation: August 18, 2026 by 11:59 PM IST
  • Financial Year: 2026-27 (for TDS application)

Parties Involved

  • Registrar & Transfer Agent: MUFG Intime India Private Limited
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
  • Regulatory References: Income Tax Act, 2025; Finance Act, 2026; Income-tax Rules, 2026; SEBI Listing Regulations

TDS Rate Structure

Resident Shareholders:

  • 10% TDS for residents with PAN (dividend exceeding ₹10,000)
  • 0% TDS for residents with valid Form No. 121 declaration
  • 0% TDS for specific entities (Insurance Companies, Category I/II AIFs, Mutual Funds, Government entities) with proper documentation
  • Higher rate of 20% if PAN not linked with Aadhaar or PAN not provided

Non-Resident Shareholders:

  • 20% plus applicable surcharge and cess (default rate)
  • Lower Tax Treaty/DTAA rate available upon submission of:
  • Tax Residency Certificate (TRC)
  • Self-declaration under Rule 217 of Income Tax Rules, 2026
  • Form 41 electronically filed
  • SEBI registration certificate (for FPI/FII)
  • Declaration confirming no Permanent Establishment in India

Documentation Requirements

Shareholders must provide:

  • Valid PAN details (mandatory for all shareholders)
  • PAN linked with Aadhaar (for resident individuals)
  • Residential status updates with depository participants or RTA
  • Specific exemption forms (Form No. 121 for residents, TRC for non-residents)
  • All documents must be submitted by August 18, 2026 deadline

Payment Procedures

Dividend will be paid only in electronic mode to all shareholders as per SEBI Master Circular updated January 30, 2026. Physical shareholders must update KYC details including valid PAN, contact details, bank account details, and specimen signature.

Compliance Notes

  • The company will rely on shareholder information available from depositories and RTA as of record date
  • No communications/documents will be considered after the August 18, 2026 deadline
  • Shareholders holding shares under multiple accounts with single PAN will be taxed at the highest applicable rate
  • Credit of TDS will be available in Form 168 for shareholders with valid PAN
  • Company disclaims liability for inaccurate information provided by shareholders

Annexures Included

The communication includes multiple prescribed forms:

  • Form No. 121: Declaration for receipt of income without deduction of tax
  • Declaration formats for beneficial ownership (resident and non-resident)
  • Form for declaration under section 390 (income assessable in other person's hands)
  • Information form under Rule 217(2) for non-residents without PAN
  • Form No. 41: Information under section 159(8) for tax residency