Dividend30 Jul 2026, 06:21 pm
Batliboi Ltd Recommends Final Dividend, Outlines Tax Rules
AI Summary
Batliboi Limited announced its Board of Directors has recommended a final dividend of 12% (₹0.60 per equity share) and 1% to 8% on preference shares for FY26. The dividend, if approved at the AGM on August 7, 2026, will be distributed within 30 days. The company has also provided detailed guidance to shareholders on tax implications, including Tax Deducted at Source (TDS) rates for resident and non-resident shareholders, and conditions for claiming exemptions or reduced rates, particularly for resident individuals and specific non-individual entities.
Key Highlights
- Board recommends final dividend of 12% on equity shares.
- Dividend distribution to occur within 30 days of AGM approval.
- Detailed tax exemption and TDS procedures provided to shareholders.
- TDS rates vary based on PAN status and shareholder residency.
- Specific documentation required for tax exemption claims.
Price Impact
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