Bajel Projects Limited Recommends Final Dividend of ₹0.60 Per Share, Details Tax Deduction at Source (TDS) Requirements

Bajel Projects Limited Recommends Final Dividend of ₹0.60 Per Share, Details Tax Deduction at Source (TDS) Requirements​

Bajel Projects Limited announced the recommendation of a final dividend for its shareholders following a Board meeting held on May 27, 2026. The company has issued comprehensive guidelines regarding the tax deduction at source (TDS) applicable to all stakeholders concerning the distribution of this dividend.

The Board of Directors recommended a final dividend amounting to ₹0.60 per equity share, which carries a face value of ₹2/- each for the financial year ended March 31, 2026. This proposed dividend is subject to ratification by shareholders at the forthcoming 4th Annual General Meeting (AGM).

The company has provided detailed timelines and specific requirements for shareholders who wish to claim exemptions or understand the TDS process as per the Income Tax Act, 2025. The dividend payout date has been set for on or before September 08, 2026.

Key Dividend Event Dates​

Financial stakeholders have been provided with critical dates related to the dividend recommendation:

Tax Deduction at Source (TDS) Provisions​

The company has stressed that, in accordance with the Income Tax Act, 2025, dividends paid by the company are taxable in the hands of shareholders and TDS must be deducted at prescribed rates. Shareholders have been asked to ensure that all necessary information is updated or submitted before the record date.

TDS requirements vary based on the shareholder's residency and specific category. For resident shareholders who require tax exemption or wish to avoid deduction, various categories such as Mutual Funds, Insurance Companies, Recognized Provident Funds, và Approved Superannuation Fund have specified conditions and required documentation.

For other resident shareholders whose details are registered with the RTA or Depository, TDS is required to be deducted at a rate of 10% under Section 393(1) of the IT Act. However, if valid PAN is not available or the PAN is unlinked, TDS will be deducted at the higher rate prescribed in Section 397(2) of the IT Act.

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), are subject to a TDS deduction rate of 20% plus applicable surcharge and cess under Section 393(2). Non-resident shareholders who wish to avail benefits under Double Tax Avoidance Treaty (DTAA) must submit specific documentation, including a Tax Residency Certificate.

Documentation Requirements​

All resident and non-resident shareholders are strictly advised to upload the relevant tax-related documents on or before Friday, July 31, 2026, to enable the company to determine the appropriate TDS/withholding tax rate.

The submission process requires investors to provide documentation such as PAN details and residential status. Non-Resident shareholders must submit a self-attested copy of their Tax Residency Certificate and Electronic Form 41 if claiming treaty benefits. The company has emphasized that incomplete or unsigned forms will not be considered for granting any exemption.

BAJEL Stock Price Movement​

Bajel Projects Limited shares today slipped by 0.74% to settle at ₹185.71 after market closure. The stock recorded a total traded volume of 176,806 shares during the session.