The Board of Directors of Tata Chemicals Limited has recommended a dividend of ₹11 per share for the financial year ending March 31, 2026. This payout is subject to shareholder approval at the 87th Annual General Meeting scheduled for June 26, 2026. Shareholders must submit necessary tax declarations and exemption documents by June 8, 2026, to ensure accurate tax deduction at source (TDS) based on their residential status.
Dividend Payout Recommendation
Following the board meeting held on May 4, 2026, Tata Chemicals Limited has recommended a dividend of ₹11 per ordinary share (face value of ₹10 each). This represents a dividend payout of 110% for the financial year ended March 31, 2026. The final distribution is contingent upon receiving shareholder approval during the company’s upcoming 87th Annual General Meeting, which is slated for June 26, 2026.
Important Tax Compliance for Shareholders
To ensure the appropriate application of withholding tax, shareholders are required to provide specific tax documentation. The default tax rate for dividend income is 10% for resident shareholders with a valid PAN, and 20% for those without. For non-resident shareholders, tax will be withheld as per the applicable provisions of the Act, though benefits under the Double Tax Avoidance Treaty may be claimed by submitting the required documentation.
Submission Process and Deadlines
All exemption forms, declarations, and tax treaty documents must be submitted no later than Monday, June 8, 2026. Failure to provide complete documentation by this deadline will result in the company deducting tax at the prescribed higher rate. Resident shareholders are encouraged to use the provided digital upload portal, while non-resident shareholders should email their documents to the designated addresses provided in the communication.
Action Required
Shareholders are advised to:
- Verify that their Aadhaar is linked with their PAN to avoid an invalid status and higher tax deduction.
- Download the relevant exemption forms, such as Form 121 or Form 41, from the company’s official website.
- Ensure that bank account and contact details are current within their demat accounts to facilitate timely dividend credit.
Source: BSE
