Bharat Petroleum Corporation Ltd. (BPCL) has announced its second interim dividend for the financial year 2025-26 at ₹10 per equity share. The company has provided information on Tax Deduction at Source (TDS) applicable to this dividend. The record date for determining shareholders eligible for the dividend is February 2, 2026. Shareholders are advised to update their PAN and other details to ensure correct TDS deduction.
Second Interim Dividend Announcement
Bharat Petroleum Corporation Ltd. (BPCL) has declared its second interim dividend for the financial year 2025-26. The dividend amount is ₹10 per equity share with a face value of ₹10. This decision was made at the Board of Directors meeting held on January 23, 2026. The dividend payout is subject to Tax Deduction at Source (TDS) as per the Income-tax Act, 1961.
Tax Deduction at Source (TDS) Information
Dividend income is taxable in the hands of shareholders and BPCL will deduct tax at source. For resident shareholders, TDS is applicable if the aggregate dividend exceeds ₹10,000 during the financial year. TDS will be withheld at 10% if a valid PAN is furnished; otherwise, the rate will be 20%. Shareholders can submit Form 15G/15H to claim exemption from TDS if their income is below the taxable limit.
TDS Rates for Various Categories
Different TDS rates apply based on the category of the shareholder:
- Individuals/HUF/Indian Company/AOP/BOI/Trust: 10% with PAN, 20% without PAN.
- Resident individual (age up to 60 years or above): NIL, subject to form submission.
- Insurance Company: NIL, subject to documentation.
- Mutual Fund: NIL, subject to documentation.
Non-Resident Shareholders
For foreign institutional investors (FIIs), the TDS rate is 20% plus applicable surcharge and cess. Lower rates may apply under applicable tax treaties (DTAA), subject to providing necessary documents such as PAN, Tax Residency Certificate, Form 10F, and self-declaration.
Important Dates and Actions
The record date to determine shareholders eligible for the dividend is February 2, 2026. Shareholders are requested to submit all necessary documents/declarations by February 2, 2026. Any income tax demand arising from incorrect information provided by the shareholder will be their responsibility.
Updating Shareholder Information
Shareholders holding shares in dematerialized mode should update their records, including PAN and bank account details, with their Depository Participants. Physical shareholders should furnish details to the Company’s Registrar and Share Transfer Agent, KFin Technologies Limited.
Source: BSE
