Bombay Burmah Trading Corporation Limited — Important, 22-03-2025: Updates

The Board of The Bombay Burmah Trading Corporation, Limited has declared a 2nd interim dividend of ₹4 (200%) per Equity share for the financial year 2024-25. The record date for eligibility is set for March 27, 2025. Given recent tax law changes, dividends distributed after April 1, 2020, will be subject to tax in shareholders' hands, requiring the Corporation to deduct tax at source (TDS) accordingly. The applicable TDS rates for resident shareholders will be 10% with valid PAN registration and higher rates for non-compliance or for certain categories of shareholders. Shareholders are encouraged to check and update their PAN, status, and other details by the record date to ensure accurate TDS deductions and to facilitate timely dividend payments via electronic methods. Non-resident shareholders are subject to specific TDS rates as well, with required documentation for any treaties or exemptions.