Bata India Recommends ₹9 Dividend; Tax Deductions Apply

Bata India Limited has informed shareholders about tax implications on dividends. The Board recommended a dividend of ₹9 per equity share (180%) for FY26, subject to AGM approval on August 12, 2026. The record date is July 31, 2026. Dividends are taxable in the hands of shareholders, with TDS applicable based on residency status and PAN validity. Resident individuals with total dividend income not exceeding ₹10,000 are exempt, provided PAN is updated. Higher TDS rates apply for invalid/inoperative PANs or if lower tax deduction certificates are not provided. Specific documentation is required for certain resident categories and entities like AIFs to avail exemptions or lower TDS rates.