Updates

July 03, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department, Phiroze Jeejebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001. Mumbai – 400 051 SCRIP CODE: 503960 SCRIP SYMBOL: BBL Dear Sir / Madam, Sub.: Communication to shareholders - Deduction of Tax at Source on Dividend With reference to the captioned subject, please find enclosed herewith an e-mail communication, which was sent on Thursday, July 02, 2026, to all the Shareholders, whose e-mail IDs are registered with the Company / Depository Participants, informing them about Deduction of Tax at Source (‘TDS’) on dividend and the process to be followed, along with the format of declarations and tax exemption forms. As mentioned in the said e-mail communication, please note that all the documents / declarations should be submitted by the shareholders, on or before Wednesday, July 15, 2026 by 6:00 P.M. (IST), in order to enable the Company to determine and deduct appropriate TDS / withholding tax rate as applicable. You are requested to take the same on your record. Thanking You, Yours sincerely, For Bharat Bijlee Limited Durgesh N. Nagarkar Company Secretary & Senior General Manager, Legal Encl.: a/a Bharat Bijlee Limited CIN: L31300MH1946PLC005017 Regd. Office: Electric Mansion, 6th Floor, Appa Saheb Marathe Marg, Prabhadevi, Mumbai 400 025 Website: www.bharatbijlee.com; Email: bblcorporate@bharatbijlee.com Tel.: 022 4614 1414 July 02, 2026 Subject: Bharat Bijlee Limited – Dividend Financial Year 2025-26 - Tax Deduction at Source (TDS) on Dividend Name of the Shareholder: Dinesh Ramanlal Oswal. Ref: Folio / DP Id & Client Id No: XXXXXXXXXXXX8341 Dear Shareholder, The Board of Directors of Bharat Bijlee Limited (“the Company”), in its meeting held on Tuesday, May 12, 2026, have declared Dividend of Rs. 35/- (700%) per equity share of the face value of Rs. 5/- each, for the financial year 2025-26. The aforesaid dividend will be paid to those shareholders whose names appear on the Register of Members / list of beneficial owners of the Company on Wednesday, July 15, 2026, being the Record date fixed for the purpose of Dividend. The Dividend will be paid to the eligible shareholders from Monday, August 03, 2026. As per the Indian Income Tax Act, 2025 ("the Act"), dividend paid and distributed by a company is taxable in the hands of shareholders. Therefore, the Company is required to deduct taxes at source (TDS) at the rates applicable on the amount distributed to the shareholders. This communication provides a brief of the applicable Tax Deduction at Source (TDS) provisions under the Act for Resident and Non-Resident shareholder categories. No tax will be deducted on payment of dividend to the resident individual shareholder if the total dividend, paid during Tax Year (‘TY’) 2026-27, does not exceed Rs. 10,000/-. The withholding tax rate would vary depending on the residential status, category of the shareholder and is subject to provision of requisite declarations / documents to the Company. For Resident Shareholders: Tax will be deducted at source (“TDS”) under section 393(1) [Table: S.No.7] read with section 393(4) [Table Sr. no. 10] of the Act @ 10% on the amount of dividend payable unless exempt under any of the provisions of the Act. However, in case of Resident Individual Shareholders, TDS would not apply if the aggregate of total dividend distributed/paid to them by the Company during a financial year does not exceed Rs.10,000/-. Tax will not be deducted at source in cases where a Resident Individual Shareholder provides Form 121 (erstwhile Form 15G/ 15H), provided that the eligibility conditions are satisfied. Blank Form 121 can be downloaded from the link given at the end of this communication. Also, FAQ’s related to Form 121 can also be downloaded from the below given link. Please note that all fields mentioned in the Form are mandatory and the Company may reject the forms submitted, if they do not fulfil the requirement of the law. NIL / lower tax shall be deducted on the dividend payable to following resident shareholders on submission of self-declaration (refer format) as listed below: i. Insurance companies: Declaration that no tax is deductible as per provisions of 393(4) [Table: Sr.No.10] of the Act along with self-attested copy of registration certificate and PAN card; ii. Mutual Funds: Declaration by Mutual Fund shareholder eligible for exemption under Schedule VII (Table: Sr. No. 20 or 21) of section 11 of the Act, along with self-attested copy of registration documents and PAN card; iii. Alternative Investment Fund (AIF) established in India: Declaration that the shareholder is eligible for exemption under Schedule V [Table: Sr. No. 1] of section 11 of the Act and they are established as Category I or Category II AIF under the SEBI regulations, along with copy of self-attested registration documents and PAN card; iv. New Pension System Trust: Declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card; v. Other shareholders: Declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card; vi. Shareholders who have provided a valid certificate issued under section 395(1) of the Act for lower / nil rate of deduction or an exemption certificate issued by the income tax authorities along with Declaration. For Non - Resident Shareholders: Tax deductible at source for non-resident shareholders. For non-resident shareholders (including Foreign Portfolio Investors) Tax is required to be withheld in accordance with the provisions of Section 393(2) [Table Sr. No 17] read with section 207(1) [Table Sr. No. 1] of the Act at applicable rates in force. As per the relevant provisions of the Act, the tax shall be withheld @ 20% (plus applicable surcharge and cess) on the amount of dividend payable. However, as per Section 159 of the Act, a non-resident shareholder has the option to be governed by the provisions of the Double Tax Avoidance Agreement (“DTAA”) between India and the country of tax residence of the shareholder, if they are more beneficial to the shareholder. For this purpose, i.e. to avail the Double Tax Avoidance Agreement (DTAA) benefits, the non-resident shareholder will have to provide the following: i. Self-attested copy of PAN card, if any, allotted by the Indian Income Tax Authorities; ii. Self-attested copy of Tax Residency Certificate (“TRC”) obtained from the tax authorities of the country of which the shareholder is resident; iii. Electronically generated Form - 41 from income tax portal; iv. Self-declaration (refer format) by the non-resident shareholder of meeting DTAA eligibility requirement and satisfying beneficial ownership requirement v. In case of Foreign Portfolio Investors, self-attested copy of SEBI registration certificate; vi. In case of shareholder being tax resident of Singapore, along with the above (as may be applicable), please furnish the letter issued by the competent authority or any other evidences demonstrating the non-applicability of Article 24 - Limitation of Relief under India-Singapore DTAA. The self-declarations referred to in point no. (iv) can be downloaded from the link given at the end of this communication. Application of beneficial DTAA rate shall depend upon the completeness and satisfactory review by the Company, of the documents submitted by non-resident shareholders and meeting requirement of the Act read with applicable DTAA. It must be ensured that self-declaration should be addressed to Bharat Bijlee Limited and should be in the same format as given. In the absence of the same, the Company will not be obligated to apply the beneficial DTAA rate at the time of tax deduction on dividends. Form 41 (erstwhile Form 10F) in digital format is mandatory for non-resident shareholders having PAN in India or who [Showing first 8,000 characters — download PDF for full document]