Bajaj Holdings & Investment Limited has communicated important information to its shareholders regarding the upcoming final dividend. The company is providing details on the process for claiming exemption from Tax Deducted at Source (TDS) on the dividend, which is taxable. Shareholders are also urged to update their bank account details to ensure timely electronic dividend payments. This proactive communication aims to streamline the dividend distribution process and ensure compliance with regulations.
Shareholder Communication: Key Updates
Bajaj Holdings & Investment Limited has issued a crucial communication to its shareholders concerning the final dividend and the necessity of updating bank account details. This announcement, dated 10 June 2026, addresses shareholders who held shares as of Friday, 5 June 2026, the designated cut-off date.
TDS on Final Dividend Process
The company is providing detailed information on the process and required documentation for shareholders seeking to claim exemption from Tax Deducted at Source (TDS) on the final dividend. It is reiterated that dividend income is taxable in the hands of shareholders, and the company is obligated to deduct tax at source as per the applicable provisions of the Income-tax Act. Shareholders are advised to carefully review the provided documentation to ensure compliance and avail any eligible exemptions.
Updation of Bank Account Details
Shareholders are strongly encouraged to update their bank account details. Those holding shares in dematerialised form are required to update their details with their respective Depository Participant. For shareholders holding shares in physical form, the update should be done with the Company’s Registrar and Share Transfer Agent, KFin Technologies Ltd. This step is critical as the company is mandated to disburse dividends exclusively through electronic modes, in line with the prescribed SEBI Listing Regulations.
Further Information
A specimen copy of the detailed communication sent to the shareholders is accessible on the company’s official website. Shareholders can find this information at: https://www.bhil.in/investors.html#url-miscellaneous.
Contact Information
For any queries or further assistance, shareholders can reach out via email at [email protected].
Source: BSE
