Bajaj Finserv has issued a crucial communication to shareholders regarding the Tax Deducted at Source (TDS) on its final dividend and the essential need to update bank account details. The company has sent detailed information to shareholders whose email addresses are registered, outlining the process for claiming dividend tax exemptions and the mandate to provide updated bank information for electronic dividend payments. This ensures compliance with SEBI regulations and efficient dividend distribution.
Important Shareholder Announcement
Bajaj Finserv Limited has dispatched a comprehensive communication to all its shareholders concerning two vital matters: the process of Tax Deduction at Source (TDS) applicable to the final dividend and the imperative requirement for shareholders to update their bank account details. This announcement was sent on Wednesday, 10 June 2026, to shareholders who held shares as of the cut-off date, Friday, 5 June 2026.
TDS on Final Dividend Explained
The communication elaborates on the procedures and documentation necessary for shareholders to claim exemption from tax deduction on their dividend income. It is emphasized that, in accordance with the provisions of the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders. Consequently, Bajaj Finserv is obligated to deduct tax at source, where applicable, as per regulatory requirements.
Mandatory Bank Account Updates
Shareholders are also being reminded and requested to update their bank account details. Those holding shares in dematerialised form are advised to update their details with their respective Depository Participant. For shareholders holding shares in physical form, the updation should be done directly with the Company or its Registrar and Transfer Agent (RTA), KFin Technologies Ltd. This update is critical as the Company is mandated to disburse dividends exclusively through electronic modes, a requirement stipulated under the SEBI Listing Regulations, 2015.
Accessing Further Information
A specimen copy of the detailed communication sent to shareholders is readily available on the Company’s official website. Interested parties can access this document at: https://www.aboutbajajfinserv.com/investor-relations-annual-reports.
Source: BSE
