Bombay Oxygen Investments Ltd details TDS rates for FY26 dividend
Bombay Oxygen Investments Limited outlined the tax deduction at source (TDS) protocols for the recommended ₹25 per share dividend for FY26. Resident shareholders with valid PAN will incur a 10% TDS on dividends exceeding ₹10,000, while those without PAN face a 20% deduction. Non-resident shareholders can benefit from lower Double Taxation Avoidance Agreement rates by submitting specific documentation, including a Tax Residency Certificate and Form 41, by the record date of August 18, 2026. The company also mandated that physical shareholders update KYC details and ensure PAN-Aadhaar linkage to avoid higher withholding taxes.
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Bombay Oxygen Investments Limited has communicated the tax deduction at source (TDS) rates applicable to the dividend of ₹25 per equity share recommended for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the 65th Annual General Meeting scheduled for August 25, 2026. Shareholders must ensure their documentation is submitted by the record date, August 18, 2026, to determine the appropriate withholding rate.
The company will deduct tax in accordance with the Income Tax Act, 2025 and the Finance Act, 2026. For resident shareholders with a valid PAN, the TDS rate is 10% if the dividend exceeds ₹10,000. No tax will be deducted if the dividend does not exceed this threshold. Shareholders may submit Form No. 121 to declare eligibility for nil deduction. A higher rate of 20% applies to resident shareholders without a valid PAN or with an invalid PAN.
Tax Rates for Resident Shareholders
| Category of shareholder | Tax Deduction Rate | Documentation Requirement |
|---|---|---|
| Resident shareholder with PAN | 10% | Update PAN and residential status with depository or RTA |
| Resident shareholder with PAN | Nil | Valid Form No. 121 |
| Resident shareholder without PAN | 20% | Nil |
For non-resident shareholders, including Foreign Institutional Investors and Foreign Portfolio Investors, the TDS rate is 20% plus applicable surcharge and cess, or the Tax Treaty rate, whichever is lower. To claim the beneficial Tax Treaty rate, shareholders must submit a Tax Residency Certificate (TRC), self-declaration under Rule 217 of the Income Tax Rules, 2026, and Form 41. If these documents are not provided, TDS will be deducted at 20% plus surcharge and cess.
Tax Rates for Non-resident Shareholders
| Category of shareholder | Tax Deduction Rate | Documentation Requirement |
|---|---|---|
| Non-resident shareholders | 20% or Treaty Rate | TRC, Form 41, and self-declarations |
The company emphasized that PAN must be linked with Aadhaar for resident individuals; otherwise, the PAN is deemed inoperative, and tax will be deducted at a higher rate. Shareholders holding shares in physical form must update their KYC details, including PAN and bank account particulars, with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to receive dividend payments. Forms for lower or no tax deduction must be emailed to the company by 11:59 PM IST on August 18, 2026.
Historical Stock Returns for Bombay Oxygen
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | -0.80% | +1.51% | -5.40% | -27.07% | +52.52% |
How might the 10% TDS rate impact shareholder turnout at the upcoming Annual General Meeting?
Will the dividend payout influence Bombay Oxygen's investment strategy for the upcoming fiscal year?
Could the stringent documentation requirements deter foreign investment in the company?
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