Bata India Recommends Dividend of Rs 9 Per Share for FY2025-26; Details on TDS Implications Announced
Bata India Limited has announced a dividend recommendation following its Board meeting held on May 27, 2026. The company recommended a dividend of Rs 9/- per Equity Share of Rs 5/- each (representing 180%) for the financial year ended March 31, 2026.The payment of this dividend is contingent upon approval at the ensuing Annual General Meeting scheduled for August 12, 2026. The record date for the dividend payment has been set as Friday, July 31, 2026.
In accordance with the provisions of the Income-tax Act, 2025, the dividend declared by Bata India Limited is taxable in the hands of shareholders, and the Company is required to deduct tax at source (TDS) based on applicable rates.
TDS Structure for Resident Members
The company provided a detailed breakdown of the TDS requirements for resident members. No tax will be deducted if the total dividend received by an individual member does not exceed Rs 10,000 per financial year and the member possesses a valid PAN.For residents with taxable income exceeding this threshold, the applicable TDS rate depends on the documentation provided:
| Particulars | Applicable Rate of Tax | Required Declaration/Documents |
|---|---|---|
| Resident members with valid PAN updated with RTA or Depository Participant and no exemption sought. | 10% | Not applicable |
| Members without a valid, operative PAN or who did not link Aadhaar with PAN. | 20% | Not applicable |
| Members possessing a Lower tax deduction certificate from the Income Tax Department under Section 395(1). | Rate specified in Low tax certificate | Copy of PAN card and the specific Low tax withholding certificate. |
Residents can avail NIL TDS by furnishing Form 121 or submitting a NIL withholding tax Certificate under Section 395(1) of the IT Act, subject to meeting all stipulated eligibility conditions.
Tax Rates for Non-Resident Members
For non-resident members, withholding is required at applicable rates as per the Income-tax Act, with options available depending on the member's status and documentation provided:| Member Category | Applicable Rate (including surcharge and cess) |
|---|---|
| Standard Non-Resident Members. | 20% |
| Alternative Investment Fund (AIF) - Category III or Retail Scheme/Exchange Traded Fund in IFSC. | 10% |
| Foreign Portfolio Investors (FPIs) - Category I with a valid PAN. | 10% |
| Sovereign Wealth funds and Pension funds notified by Central Government under Schedule V of the IT Act. | NIL |
| Subsidiary of Abu Dhabi Investment Authority (ADIA). | NIL |
Non-Resident Members wishing to avail benefits under the Double Taxation Avoidance Agreement (Tax Treaty) have provided detailed requirements, including submission of a Tax Residency Certificate and electronic Form 41.
Documentation Deadlines
Members holding shares are requested to submit all required forms and declarations to M/s. MUFG Intime India Private Limited, the Company's RTA, on or before Tuesday, July 22, 2026. This submission is necessary to enable the company to accurately determine and deduct the appropriate TDS.Members holding shares in dematerialized form are urged to update their records, including PAN, registered email addresses, and mobile numbers with their Depository Participants (DPs). Similarly, members holding physical shares must provide updates to the RTA.
BATAINDIA Stock Price Movement
Bata India Limited shares slipped on Thursday, losing 0.21% to settle at ₹715.10. The stock closed after trading at the day's low of ₹711.10, with a volume of 540,714 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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