Bharat Petroleum Informs Stock Exchanges on TDS for Second Interim Dividend

Mumbai: Bharat Petroleum Corporation Limited (BPCL) informed the BSE Limited and the National Stock Exchange of India Limited on January 24, 2026, about the communication issued to shareholders regarding Tax Deduction at Source (TDS) on the second interim dividend for the financial year 2025–26. The copy of the shareholder communication has been duly dispatched and is also available on the Company’s website at www.bharatpetroleum.in.

The Board of Directors of BPCL, at its meeting held on January 23, 2026, declared a second interim dividend of 100%, amounting to ₹10 per equity share of face value ₹10 each. The dividend will be paid to shareholders whose names appear in the register of members or beneficial owners as on the record date, Monday, February 2, 2026.

In accordance with the provisions of the Income-tax Act, 1961, dividend income is taxable in the hands of shareholders, and BPCL will deduct tax at source at applicable rates at the time of payment. For resident shareholders, TDS will be deducted at 10% where the aggregate dividend exceeds ₹10,000 during the financial year, subject to availability of a valid PAN. In the absence of PAN, or where PAN is inoperative or not linked with Aadhaar, TDS will be deducted at 20%. Eligible resident individuals may claim exemption from TDS by submitting Form 15G or Form 15H, as applicable, along with a self-attested copy of PAN.

Certain categories of shareholders, including insurance companies, mutual funds, alternative investment funds, recognised provident funds, pension funds, and government-established corporations, may be eligible for nil TDS, subject to submission of prescribed declarations and documentary evidence within the stipulated timeline.

For non-resident shareholders, including FIIs and FPIs, TDS will be deducted at 20% plus applicable surcharge and cess, unless a lower rate is applicable under a relevant Double Taxation Avoidance Agreement (DTAA). To claim treaty benefits, shareholders are required to submit documents such as Tax Residency Certificate, Form 10F, PAN or prescribed declarations, and a self-declaration confirming eligibility under the treaty.

BPCL has specified that all required declarations and documents, except bank detail updates, must be submitted electronically through the KFin Technologies portal on or before February 2, 2026. Any submissions received after this date will not be considered for the purpose of determining applicable TDS for the dividend payment.

ompliance with applicable tax regulations.

The Company has advised shareholders to ensure that their PAN, tax residency status, bank account details, and contact information are correctly updated with their respective Depository Participants or with KFin Technologies Limited, the Registrar and Share Transfer Agent. Shareholders will be able to view the deducted tax credit in their Form 26AS through the Income Tax e-filing portal.

BPCL has sought the cooperation of shareholders to ensure smooth processing of dividend payments and c