Tata Investment Corporation has recommended a dividend of Rs. 3.40 per equity share (340%) for the financial year ended March 31, 2026. The payout is subject to shareholder approval at the upcoming Annual General Meeting scheduled for July 1, 2026. Shareholders are required to submit necessary tax documentation by June 5, 2026, to ensure the correct withholding tax rate is applied to their dividend payments.
Dividend Distribution Details
Following the Board of Directors’ meeting held on April 21, 2026, the company has proposed a dividend of Rs. 3.40 per equity share. This distribution represents a 340% payout for the financial year. The record date for determining eligible shareholders is June 10, 2026, with the dividend payout scheduled for on or after July 2, 2026, following the approval at the AGM.
Tax Withholding Requirements
The company is mandated to withhold tax at source on dividends. For Resident Shareholders, the standard withholding rate is 10%, provided a valid Permanent Account Number (PAN) is linked with Aadhaar. In the absence of a valid PAN or Aadhaar linkage, the tax will be deducted at a higher rate of 20%.
Resident individuals may be exempt from tax deduction if their total dividend for the year does not exceed Rs. 10,000 or if they provide the required tax exemption forms.
Provisions for Non-Resident Shareholders
Non-Resident Shareholders are subject to a 20% withholding tax plus applicable surcharges and cess. However, these shareholders may opt for more beneficial rates under the Double Tax Avoidance Agreement (DTAA), provided they submit the required documentation, including a valid Tax Residency Certificate (TRC) and necessary self-declarations, by the deadline.
Submission Deadline and KYC Compliance
All tax-related documentation must be submitted via email to the company by Friday, June 5, 2026. Communications received after this date will not be considered for tax determination. Furthermore, all shareholders holding physical shares are reminded that updating their PAN, bank details, and contact information is mandatory to remain KYC compliant and receive timely dividend payments.
Source: BSE
