Tata Steel Limited has informed the exchange regarding Communication to Shareholders - Intimation on Tax Deduction on Dividend
TATASTEEL · price
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Tata Steel has informed shareholders about tax deduction on the recommended dividend of ₹4 per share (400% on face value of ₹1) for FY2025-26. The dividend is subject to shareholder approval at the AGM on July 2, 2026, with payment starting July 6, 2026. Record date for determining eligible shareholders is June 12, 2026. TDS rates vary by shareholder category: resident individuals with PAN pay 10% (with exemptions if dividend ≤₹10,000 or Form 121 submitted), those without PAN pay 20%, while non-residents face 20% or may claim DTAA treaty benefits. Resident non-individual entities like mutual funds, insurance companies, AIFs and NPS trusts qualify for NIL TDS with required documentation. All documents must be submitted by June 12, 2026.
Shareholders should submit required tax forms by June 12, 2026 to avoid higher TDS deductions. The dividend declaration is routine and standard for the company; no unusual signals for investors.