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www.bhil.in
Corporate Office: 6th Floor, Bajaj FinServ Corporate Office, Off Pune - Ahmednagar Road, Viman Nagar,
Pune - 411 014, Maharashtra, India | Tel: +91 20 7157 6066 | Fax: +91 20 7150 5792
Registered Office: C/o Bajaj Auto Limited Complex, Mumbai - Pune Road, Akurdi, Pune - 411 035, Maharashtra, India
Corporate ID No.: L65100PN1945PLC004656 | Email ID: investors@bhil.in
20 September 2025
To,
Corporate Relations Department.
BSE Limited
DCS-CRD
Phirose Jeejeebhoy Towers
Dalal Street,
Mumbai 400 001.
To,
Corporate Listing Department.
National Stock Exchange of India Ltd.
Exchange Plaza, 5th Floor
Plot No. C 1, G Block
Bandra-Kurla Complex
Bandra (East), MUMBAI 400 051.
BSE Code: 500490
NSE Code: BAJAJHLDNG
Dear Sir/Madam,
Subject: Communication sent to shareholders regarding Tax Deduction at Source
(TDS) on dividend income
Pursuant to provisions of the Income Tax Act, 1961, dividend income shall be taxable
in the hands of the shareholders.
In this regard, the Company has sent a detailed communication on Friday,
19 September 2025, to all the Shareholders holding shares as on Friday, 12
September
2025,
whose
email
addresses
are
registered
with
the
Company/Depositories indicating the process and documentation required for
claiming exemption from deduction of tax on dividend.
A specimen copy of the said communication sent to the shareholders is enclosed
and
is
uploaded
on
the
Company’s
website
at
https://www.bhil.in/investors.html#url-miscellaneous
We request you to kindly take the same on record.
Thanking you,
Yours truly,
For Bajaj Holdings & Investment Limited,
Anant Marathe
Chief Financial Officer
Encl.: as above
BAJAJ HOLDINGS & INVESTMENT LIMITED
CIN: L65100PN1945PLC004656
Registered Office: Mumbai Pune Road, Akurdi, Pune - 411 035
Website: www.bhil.in
Email ID: investors@bhil.in
Tel no.: +91 20 7157 6066 | Fax no.: +91 20 7150 5792
19 September 2025
Ref: Folio / DP Id & Client Id :
Name of the Shareholder:
Dear Shareholder,
Subject: Communication on Tax Deduction at Source (TDS) on Interim Dividend
We are pleased to inform you that the Board of Directors of the Company at their meeting
held on Tuesday, 16 September 2025 have declared Interim dividend of ₹ 65 per equity
share of face value of ₹ 10 each, for the financial year ended 31 March 2026.
The aforesaid interim dividend will be credited/ dispatched on or about Tuesday, 14
October 2025 to all those eligible shareholders holding shares as on end of the day on
Monday, 22 September 2025 (record date).
As you may be aware, in terms of the provisions of the Income Tax Act, 1961 (the 'IT Act'),
dividend paid or distributed by a Company shall be taxable in the hands of shareholders.
Accordingly, the Company would be required to deduct TDS in respect of payment of
dividend to its shareholders (Residents as well as Non-Residents).
Accordingly, you are requested to ensure that the below details, as applicable to you, are
submitted and/ or updated with KFin Technologies Limited ('KFin'), the Registrar and
Share Transfer Agent / your demat account(s) maintained with the Depository
participant(s) for the purpose of complying with the applicable TDS provisions:
•
Valid Permanent Account Number (PAN);
•
Residential status as per the Income-tax Act, 1961, i.e., Resident or Non-Resident
for 'FY 2025-26 (i.e., 1 April 2025 to 31 March 2026);
•
Category of the Shareholder, viz. Mutual Fund, Insurance Company, Alternate
Investment Fund (AIF) - Category I, II and III, Government (Central/ State
Government), Corporation established by/ or under the Central Act, Foreign
Portfolio Investor (FPI)/ Foreign Institutional Investor (FII), Foreign Company,
Individual, Hindu Undivided Family (HUF), Firm, Limited Liability Partnership
(LLP), Association of Persons (AOP), Body of Individuals (BOI) or Artificial Juridical
Person, Trust, Domestic Company, etc.;
•
Email Address;
•
Bank account details; and
•
Address with PIN code (including country).
To give effect to the TDS provisions, the shareholders are required to provide/ upload
with the Registrar and Transfer Agent at https://ris.kfintech.com/form15/ or
https://ris.kfintech.com/clientservices/isc/ the documents/ certificates/ declarations
as stated in the ensuing paragraph and corresponding Annexure A latest by 1 October
2025.
Kindly note that no communication or documentation on tax determination /
deduction shall be accepted after the above-mentioned date.
Resident Shareholders:
Tax shall be deducted at source under section 194 of the IT Act on the amount of
dividend declared and paid by the Company during FY 2025-26 as under:
Category of Shareholders
Applicable TDS rate
Individual Shareholder - Aggregate dividend amount
(including dividend already paid in current FY, if any) is up
to ₹10,000 during the financial Year
0%
Submission of valid declaration in Form 15G (applicable
to individuals) or Form 15H (applicable to individuals
age of 60 years or more)
0%
As per section 206AA of the IT Act, In case
•
PAN is not submitted, or PAN is invalid; or
•
PAN is not linked with Aadhaar
20%*
Submission of Lower or Nil TDS deduction certificate
under section 197 of the IT Act
Rate provided in
certificate
Mutual funds, Insurance companies, National Pension
Scheme Trust etc.
0% (Subject to
submission of valid
documents provided in
Annexure A)
Other shareholders
10%
*The Company will be using online functionality of the Income-tax department for
determining status of PAN of the shareholder and no claim shall lie against the Company
in case of higher tax deduction. If you have not linked your PAN with Aadhaar, kindly do
so, to avoid higher Tax deduction.
A NIL / lower tax rate will be applied to the dividend payable to resident shareholders
upon submission of relevant documents listed in Annexure - A (Part 1). Kindly note that
the aforementioned documents should be uploaded with Kfin Technologies Limited, the
Registrar and Transfer Agent at https://ris.kfintech.com/form15/.
The documents submitted by you, as referred above, will be verified by us, and we will
consider the same while deducting the appropriate taxes, if any, provided that these
documents are in accordance with the provisions of IT Act.
Non-resident Shareholders:
Tax is required to be deducted at source in the case of non-resident shareholders in
accordance with the provisions of section 195 of the IT Act at the rates in force. As per
the relevant provisions of the IT Act, the TDS on dividend shall be @ 20% plus applicable
surcharge and health & education cess. For FII/ FPI shareholders, section 196D of the IT
Act provides for TDS @ 20% plus applicable surcharge and health & education cess.
However, as per section 90 of the IT Act, non-resident shareholders have the option to
be governed by the provisions of the Double Tax Avoidance Agreement (DTAA) read with
applicable Multilateral Instrument (MLI) provisions if they are more beneficial to them.
In order to claim the benefit of DTAA, the non-resident shareholders will have to provide
required documents/ declarations. A list of such documents/ declarations required to be
provided by the non-resident shareholders is enclosed as Annexure - A (Part 2). Kindly
note that the said documents should be uploaded with Kfin Technologies Limited, the
Registrar and Transfer Agent at https://ris.kfintech.com/form15/.
No communication on the tax determination / deduction shall be accepted after 1
October 2025. The above referred documents submitted by you will be verified by us and
we will consider the same while deducting the appropriate taxes, if any, provided that
these documents are in accordance with the provisions of the IT Act.
Application of beneficial DTAA rate shall depend upon the completeness and satisfactory
review by the Company, of the documents submitted by non-resident shareholders and
meeting the requirement of the IT Act read with applicable DTAA. In absence of the same,
the Company will not be obligated to apply the beneficial DTAA rate at the time of tax
deduction on dividend.
In addition to the above, please note the following:
•
In case you hold shares under multiple accounts under different status/ category
but under a single PAN, the highest rate of tax as applicable to the status in which
shares held under the said PAN will be considered on the entire holding in
different accounts.
•
In case of joint shareholding, the withholding tax rates shall be considered basis
the status of the primary beneficial shareholder.
•
Further, if a resident/ non-resident shareholder has obtained a lower or Nil
withholding tax certificate from the tax authorities and provides a copy of the
same to the Company (TAN - PNEB05805C), tax shall be deducted on the
dividend payable to such shareholder at the rate specified in the said certificate.
It may be further noted that in case tax on dividend is deducted at a higher rate in the
absence of receipt of any of the details/ valid documents mentioned in preceding
paragraphs from the shareholders within the timeline mentioned above, the
shareholders may consider claiming appropriate refund, as may be eligible in their return
of income. No claim shall lie against the Company for such taxes deducted.
The Company shall arrange to email the soft copy of the TDS certificate to shareholders
at the registered email ID within the prescribed time, post payment of the said dividend.
The tax credit can also be viewed in Form 26AS by logging in with your credentials (with
valid PAN) on the e-filing website of the Income Tax department of India
https://www.incometax.gov.in/iec/foportal/.
In the event of any income tax demand (including interest, penalty, etc.) arising from any
misrepresentation,
inaccuracy
or
omission
of
information
provided
by the
Shareholder(s), such Shareholder(s) will be responsible for indemnifying the Company.
They must also, provide the Company with all information / documents and co-operate
in any assessment/ appellate proceedings before the Tax/ Government authorities.
FAQs relating to the above is hosted on the website of KFin at click here and also on the
website of the Company at https://www.bhil.in/investors.html#url-miscellaneous.
We seek your co-operation in the matter. Click here to download – Annexure A
containing link of relevant Forms / Declarations
Thanking you,
Yours faithfully,
For Bajaj Holdings & Investment Limited
Sd/-
Anant Marathe
Chief Financial Officer
Click here to download - Form 15H
Click here to download - Form 15G
Click here to download - self declaration (Non-resident shareholder)
Click here to download - Declaration as per Rule 37BA
Click here to download - Declaration as per Rule 37BC(2)
Disclaimer: The information set out hereinabove is included for general information
purposes only and does not constitute legal or tax advice. Since the tax consequences
are dependent on facts and circumstances of each case, the investors are advised to
consult their own tax consultant with respect to specific tax implications arising out of
receipt of dividend.
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