TBZ Recommends ₹2.50 Dividend; Details TDS Rules

Tribhovandas Bhimji Zaveri Ltd (TBZ) announced its Board of Directors has recommended a dividend of ₹2.50 per equity share (25%) for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the upcoming 19th Annual General Meeting (AGM) on September 9, 2026. The dividend will be paid to shareholders on record as of September 2, 2026. The company also provided detailed information regarding Tax Deducted at Source (TDS) on dividend payments, outlining rates and documentation requirements for both resident and non-resident shareholders, including provisions for tax exemption and higher TDS rates for non-compliance with PAN and Aadhaar linking.