We are enclosing herewith an intimation regarding communication to Shareholders - Intimation on Tax Deduction on Dividend.
TMCV · price
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Tata Motors has recommended a final dividend of ₹4 per equity share (200% on face value of ₹2) for FY ended March 31, 2026, subject to shareholder approval at the 2nd AGM on June 29, 2026. The record date for entitlement is June 12, 2026, and dividend will be paid on or before July 2, 2026. The company has communicated TDS provisions under the Income Tax Act, 2025 (amended by Finance Act, 2026), specifying tax rates ranging from 10% to 20% for resident and non-resident shareholders. Shareholders must submit tax-related documents (Form 121, declarations, PAN details, etc.) by June 15, 2026 for appropriate TDS calculation. Failure to provide documents or link PAN with Aadhaar will result in higher 20% TDS deduction.
Shareholders should submit required tax documents by June 15, 2026 to avoid higher TDS deductions. The dividend recommendation of ₹4 per share provides income visibility for shareholders pending formal approval at the June AGM.