Filter announcements
Loading...
Established in 1946, Bharat Bijlee is a leading electrical engineering company in India engaged in manufacturing of transformers, electric motors, elevator systems, drives and automation. It also provides turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plant, etc.
Bharat Bijlee Limited has informed the Exchange regarding 'Communication to shareholders - Deduction of Tax at Source on Dividend'.
Bharat Bijlee announced its 79th AGM via VC/OAVM. The FY25-26 Annual Report web-link was shared with shareholders. Importantly, shareholders must update KYC details and dematerialize physical shares, as future payments for uncompliant folios will be electronic only.
Bharat Bijlee's Board has proposed a Rs. 35/share dividend (700%) for FY25, pending shareholder vote. The company will deduct tax at source (TDS) on this payment. Investors must submit tax exemption documents by a deadline, or higher TDS rates will apply, impacting payouts.
Company's Board approved a total 17000 MVA transformer capacity expansion to 35000 MVA. This ₹235 Cr investment, funded by internal accruals, will be completed within 12 months to meet growing demand.
Bharat Bijlee will hold its 78th AGM virtually; Annual Report available online. Shareholders are urged to update KYC and dematerialize physical shares to ensure uninterrupted receipt of payments.