Tata Elxsi has recommended a Final Dividend of ₹75 per equity share of ₹10 each for the financial year ended March 31, 2026. The payment of this dividend is subject to approval by shareholders at the company’s 37th Annual General Meeting, scheduled for June 2026. The company has also outlined necessary procedures for shareholders regarding Tax Deduction at Source (TDS) and documentation requirements.
Dividend Payout Details
Following the Board of Directors meeting held on April 21, 2026, Tata Elxsi has proposed a final dividend payout of ₹75 per equity share. Shareholders are expected to formalize this recommendation at the upcoming 37th Annual General Meeting, which will take place in June 2026.
Tax Deduction Guidelines
In compliance with the Income Tax Act, the company is required to withhold taxes on dividend payments. For resident shareholders, the standard TDS rate is 10% on dividend amounts exceeding ₹10,000. It is mandatory for shareholders to have a valid Permanent Account Number (PAN) linked with Aadhaar. Failure to provide a valid PAN will result in a higher tax deduction rate of 20%.
Submission of Tax Documentation
Shareholders seeking tax exemptions or lower withholding rates must submit the required declarations and documentation by June 10, 2026. Resident individuals and entities can upload their tax documents through the company’s designated online portal or via email. Non-resident shareholders are required to provide specific documentation, including a Tax Residency Certificate (TRC) and Form 41, to avail benefits under relevant Double Tax Avoidance Agreements (DTAA).
Important Compliance Reminders
Shareholders are advised to ensure their bank account and KYC records are current with their respective depositories or the Registrar and Transfer Agent to facilitate seamless dividend credit. Please note that the company will not consider any tax-related documentation or communication received after 06:00 p.m. IST on June 10, 2026. If tax is deducted at a higher rate due to missing documentation, shareholders retain the right to file an income tax return to claim a potential refund.
Source: BSE
