Bajel Projects Limited has fixed Friday, July 31, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹0.60 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors on May 27, 2026, is subject to approval by shareholders at the 4th Annual General Meeting scheduled for August 10, 2026. The company has communicated the tax deduction requirements to shareholders holding shares as of July 3, 2026, detailing the documentation necessary to claim exemptions from Tax Deduction at Source (TDS).

The dividend payout is scheduled on or before September 08, 2026. Under the Income Tax Act, 2025, dividends are taxable in the hands of shareholders, necessitating TDS deduction at prescribed rates. To ensure compliance and correct tax withholding, shareholders must update their details, including Permanent Account Number (PAN) and residential status, with the Registrar and Transfer Agent, MUFG Intime India Private Limited, or their depository participants by the record date.

Shareholders must submit specific tax-related documents by July 31, 2026, to avail of lower or zero TDS rates. Resident shareholders, such as Mutual Funds and Insurance Companies, are exempt from TDS under specific sections of the IT Act provided they submit valid registration certificates. Other resident individuals face a 10% TDS if the dividend exceeds ₹10,000 annually, unless they submit Form 121 declaring no tax liability. A higher rate of 20% applies if PAN details are invalid or not linked with Aadhaar.

Non-resident shareholders, including Foreign Portfolio Investors (FPIs), are subject to a 20% TDS rate plus surcharge and cess. However, they may opt for benefits under the Double Tax Avoidance Agreement (DTAA) by submitting a Tax Residency Certificate, Electronic Form 41, and a self-declaration confirming their tax residency status. The company will rely on the data available with the depositories or RTA as on the record date for tax compliance.

The key schedule for the dividend distribution is as follows:

Bajel Projects emphasized that dividends will be paid only through electronic mode as per SEBI regulations. Shareholders with inadequate bank details risk having their dividends withheld. The company advised that any communication regarding tax determination received after the record date will not be considered, and shareholders are responsible for any tax implications arising from incorrect or incomplete information.

Bajel Projects Limited has scheduled its 4th Annual General Meeting (AGM) for August 10, 2026, at 03:00 p.m. via video conferencing. The meeting was previously set for August 7, 2026, as per an earlier intimation. The revision ensures compliance with regulatory provisions and allows the company to finalize procedural requirements for the financial year 2025-26.

The Notice convening the AGM and the Annual Report for FY 2025-26 will be dispatched via email to members whose addresses are registered with the company or their depository participants. Physical copies will be sent only to members who request them. This action is taken in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Meeting

The intimation regarding the meeting was submitted to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The company’s BSE code is 544042, and it trades under the symbol BAJEL on the NSE.