Tata Motors Passenger Vehicles Recommends ₹3 Dividend; Board Approves Final Dividend for FY26

Mumbai, June 9: Tata Motors Passenger Vehicles said its board has recommended a final dividend of ₹3 per fully paid-up equity share with a face value of ₹2 each for the financial year ended March 31, 2026.

The company informed shareholders that the dividend proposal will be placed for approval at the 81st Annual General Meeting scheduled for July 8, 2026.

According to the communication, eligible shareholders whose names appear on the company’s records on the record date of June 19, 2026, will qualify for the dividend payment if approved at the AGM.

The company said the dividend payout, subject to shareholder approval, is expected to be distributed on or before July 14, 2026.

Stock Market Snapshot

Tata Motors Passenger Vehicles share price traded marginally higher following the dividend announcement and related shareholder communication.

The stock was trading at ₹389.20, up 0.05%, as of 12:19 IST on June 09, 2026, according to market data.

Investors continued to track dividend-related announcements amid ongoing focus on shareholder returns and cash distribution policies across the automobile sector.

Company Shares TDS Guidelines with Shareholders

Alongside the dividend announcement, the company also issued detailed tax deduction at source (TDS) guidelines applicable to resident and non-resident shareholders under provisions of the Income-tax Act, 2025.

The communication stated that dividend income would be taxable in the hands of shareholders and tax would be deducted at source at applicable rates based on shareholder category, PAN compliance and tax residency status.

For resident shareholders with valid PAN details, TDS would generally apply at 10%, while cases involving inoperative or unavailable PAN may attract a higher deduction rate of 20%, the company said.

The company also provided compliance timelines and documentation requirements for shareholders seeking lower or nil withholding tax benefits under applicable tax provisions and Double Taxation Avoidance Agreements (DTAA).

Record Date Fixed for Dividend Eligibility

Tata Motors Passenger Vehicles said June 19, 2026, has been fixed as the record date for determining shareholder eligibility for the proposed final dividend.

The company further advised shareholders to update bank account and PAN details in their demat or folio records to ensure timely electronic credit of dividend payments.

The announcement forms part of the company’s annual shareholder communication process ahead of the AGM and proposed dividend distribution schedule.

Source:

• https://www.nseindia.com/get-quote/equity/TMPV/Tata-Motors-Passenger-Vehicles-Limited
• https://nsearchives.nseindia.com/corporate/TATAMOTORSSJS_09062026111239_NSEBSETDSIntimation.pdf