Communication to Shareholders - Intimation on Tax Deduction on Dividend

Tata Steel has recommended a dividend of ₹4 per equity share (400% on face value of ₹1) for FY2025-26, payable from July 6, 2026, subject to shareholder approval at the AGM on July 2, 2026. The record date for determining eligible shareholders is June 12, 2026. Under the Income Tax Act 2025, dividend income is taxable at source, and the company will deduct TDS at rates ranging from nil to 20% depending on shareholder category. Resident individuals with valid PAN face 10% TDS unless total dividend is below ₹10,000 or they submit Form 121-Part A. Non-residents face 20% TDS with possible DTAA benefits. Shareholders must submit required documents by June 12, 2026 to ensure correct tax deduction.