Bajaj Holdings & Investment Limited has issued a communication to its shareholders regarding Tax Deduction at Source (TDS) on interim dividend and the critical need to update bank account details. This notice clarifies the process for claiming TDS exemption and emphasizes that dividend payments will be exclusively through electronic modes, requiring accurate bank information from shareholders for timely credit.
Shareholder Communication on Interim Dividend and Bank Details
Bajaj Holdings & Investment Limited (BHIL) has sent a detailed communication to its shareholders concerning the Tax Deduction at Source (TDS) on interim dividends and the process for updating their bank account details. This notice is particularly relevant for shareholders who held shares as of Friday, 11 September 2026.
TDS on Interim Dividend Explained
The communication outlines the procedures and documentation required for shareholders to claim an exemption from TDS on their dividend income. It clarifies that dividend income is taxable under the Income-tax Act, and BHIL is mandated to deduct tax at source as per applicable regulations. The company aims to guide shareholders through this process to ensure compliance and efficient claiming of any eligible exemptions.
Importance of Updating Bank Account Details
Shareholders are strongly urged to update their bank account details to facilitate the electronic payment of dividends. For shares held in dematerialised form, updates should be made with their respective Depository Participant. Holders of shares in physical form are requested to contact the Company or its Registrar and Transfer Agent, KFin Technologies Ltd. The company is mandated to pay dividends solely through electronic modes, as per SEBI Listing Regulations, underscoring the importance of accurate banking information for all shareholders.
Source: BSE
