Tata Consumer Products Recommends Final Dividend of ₹10 per Share for FY26

Tata Consumer Products Limited has announced that its Board of Directors, in a meeting held on May 8, 2026, recommended a Final Dividend of ₹10 per Equity Share of ₹1 each (1000%) for the Financial Year ended March 31, 2026. This dividend is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM) scheduled for June 2026.

The company has also provided detailed communication to its shareholders regarding the applicability of tax deduction at source (TDS) on dividend income as per the Income Tax Act, 2025. The TDS rate may vary based on the shareholder's residential status and submitted documentation. For resident shareholders, TDS will be deducted at 10% on dividend amounts exceeding ₹10,000, unless exempted, provided they meet conditions such as a valid PAN linked with Aadhaar. Failure to comply may result in a higher TDS rate of 20%.

Shareholders are urged to update their records, including tax residential status and PAN, with their depositories or the Company's Registrar and Transfer Agent, MUFG Intime India Private Limited. Specific procedures and forms (like Form 121) are outlined for resident individuals and other resident entities to declare their tax status and potentially avail exemptions or lower withholding tax rates. These submissions are required by May 25, 2026. Non-resident shareholders can avail Double Tax Avoidance Agreement (DTAA) provisions by submitting necessary documents such as a Tax Residency Certificate (TRC) and Form 41.

The company has also emphasized the importance of updating bank account details for timely dividend credit and KYC compliance for physical shareholders. Shareholders are advised to submit all required tax-related documents by May 25, 2026, to ensure accurate TDS determination. If documents are not received by the deadline, TDS will be deducted at a higher rate, and shareholders may claim a refund later by filing their income tax return.