The Board of Directors of TVS Motor Company declared a substantial interim dividend of ₹12 per share (1200%) for the financial year ending March 31, 2026. This dividend payout amounts to a total absorption of ₹570 Crore across its 47,50,87,114 fully paid-up equity shares. The company has set the Record Date as March 31, 2026, ensuring timely payment to eligible shareholders within 30 days of declaration.
TVS Motor Announces Interim Dividend for FY2026
TVS Motor Company Limited has officially announced the declaration of an interim dividend following the conclusion of its Board of Directors meeting held today, 24th March 2026. The Board approved a significant payout for the current financial year ending 31st March 2026.
Dividend Details and Financial Impact
The approved dividend rate is Rs. 12/- per share, which translates to a 1200% dividend on the face value of Re.1/- per share. This distribution is applicable across the company’s 47,50,87,114 equity shares.
- Total Quantum Declared: The total sum absorbed by this dividend is Rs. 570 Crore.
- Meeting Duration: The Board meeting commenced at 11.00 A.M. (IST) and concluded at 3.45 P.M. (IST).
Record Date and Payment Schedule
In accordance with disclosure requirements, the company has established the necessary timeline for eligibility:
The Record Date for the purpose of determining eligible shareholders for this interim dividend has been fixed as 31st March 2026. Only shareholders whose names appear on the Register of Members or in the Depositories at the close of business hours on this date will receive the dividend.
The dividend payment will be processed and made to the eligible shareholders within a period of 30 days from the date of declaration, as mandated by the Companies Act, 2013.
The communication concludes with thanks and the signature of the Company Secretary, K S Srinivasan, confirming the proceedings.
Source: BSE
