Bajaj Finance Limited sent a communication to shareholders on 9 June 2026 regarding tax deduction at source on the final dividend and the requirement to update bank account details. The communication was sent to shareholders holding shares as of 5 June 2026 whose email addresses are registered with Bajaj Finance or the depositories.
The communication outlines the process and documentation required for shareholders to claim exemption from tax deduction on dividend payments. Under the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders and Bajaj Finance is required to deduct tax at source on the final dividend payout as per applicable tax provisions.
For shares held in dematerialised form, Bajaj Finance has requested shareholders to update their bank account details with their depository participant. For shares held in physical form, updates should be made with Bajaj Finance or its registrar and transfer agent, KFin Technologies Ltd.
Bajaj Finance is mandated to pay dividends only through electronic modes as prescribed under the SEBI Listing Regulations. Bajaj Finance has urged shareholders to ensure their bank account details are updated with the respective depository participant or the registrar to receive dividend payments without delay.
A specimen copy of the communication sent to shareholders is available on Bajaj Finance's website.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.