The Board of Directors of Tata Steel Limited has recommended a dividend of ₹4 per equity share (a 400% payout on a face value of ₹1) for the financial year ended March 31, 2026. This dividend payment is subject to approval by shareholders at the upcoming Annual General Meeting scheduled for July 2, 2026. If approved, the dividend will be paid starting July 6, 2026, subject to applicable tax deduction at source.
Dividend Distribution Details
Following the Board meeting held on May 15, 2026, Tata Steel has formally proposed a dividend of ₹4 per share for the fiscal year 2025-26. This distribution reflects a 400% return on the face value of the company’s ordinary equity shares. Shareholders are invited to approve this proposal at the Annual General Meeting (AGM) to be held on Thursday, July 2, 2026.
Important Timelines and Tax Requirements
The company has set the record date for determining eligible members for the dividend payment as Friday, June 12, 2026. Shareholders are strongly advised to ensure that their bank account details, PAN information, and tax residential status are updated with their respective depositories or the company’s Registrar and Transfer Agent by this date to facilitate a smooth, electronic payout on or after July 6, 2026.
Tax Deduction at Source (TDS)
As per current tax provisions, the company is required to deduct tax at source on dividend payments. The applicable rates are generally 10% for resident individuals with a valid PAN, and up to 20% for non-residents or those without valid PAN documentation. Tax benefits under Double Tax Avoidance Agreements (DTAA) may be claimed by non-resident shareholders upon the submission of valid Tax Residency Certificates and other mandatory declarations by the June 12, 2026 deadline.
Submission of Documentation
To ensure the correct application of tax rates, shareholders must submit the necessary declarations and tax-related documents via the designated online portal by June 12, 2026. Documentation received after this date will be processed at the sole discretion of the company. Shareholders are encouraged to utilize the official portals linked by the company to register their details and submit forms electronically to avoid higher TDS deductions.
Source: BSE
