Tata Chemicals Limited has informed the Exchange regarding 'Communication to Shareholders - Intimation on Tax Deduction on Dividend'.
TATACHEM · price
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Tata Chemicals has informed shareholders about tax deduction procedures for the recommended dividend of Rs. 11 per share (110%) for FY 2025-26, subject to shareholder approval at the AGM on June 26, 2026. Under the Income-tax Act, 2025, the company must deduct TDS when paying dividend. Resident shareholders with valid PAN face 10% TDS while those without PAN face 20%. Non-resident shareholders face 20% plus applicable surcharge and cess. Resident individuals can claim exemption by submitting Form 121 if total dividend does not exceed Rs. 10,000 or if other eligible conditions are met. All supporting documents for tax exemption must be submitted by June 8, 2026.
This is a routine procedural filing informing shareholders about TDS compliance requirements. The dividend recommendation and tax rates are standard; no material impact on stock price expected from this communication.