Apollo Tyres Ltd has established a deadline of July 13, 2026, for shareholders to submit tax exemption forms to ensure the appropriate Tax Deducted at Source (TDS) rate is applied to the final dividend for FY26. The Board of Directors recommended a dividend of ₹2.50 per equity share of ₹1 each at its meeting on May 14, 2026, subject to shareholder approval at the 53rd Annual General Meeting (AGM) scheduled for July 29, 2026. The record date to determine eligibility is July 10, 2026.

Under the provisions of the Income Tax Act, 2025, dividends are taxable in the hands of shareholders. The company will deduct TDS at rates varying by shareholder category. Resident shareholders with a valid Permanent Account Number (PAN) linked with Aadhaar face a 10% deduction, though this is waived if the total dividend received during the financial year does not exceed ₹10,000 or if a valid declaration in Form 121 is submitted. Residents without valid PAN or with non-compliant accounts will incur a 20% TDS.

Non-resident shareholders are subject to a 20% TDS rate, plus surcharge and education cess, unless they opt for the lower rate under a Double Taxation Avoidance Agreement (DTAA). To claim DTAA benefits, non-residents must submit a Tax Residency Certificate (TRC), self-declaration in Form 41, and a self-declaration certifying their tax residency and beneficial ownership. Insurance companies and entities covered under Section 393(5) of the IT Act, such as mutual funds, are exempt from TDS upon submission of valid documentary evidence.

The company mandates that all dividend payments be made exclusively through electronic mode. Shareholders must ensure their bank details are updated in their demat accounts or physical folios. For those holding physical shares, dividend payments will be processed only after the folio is KYC compliant and PAN, contact details, and bank account information are furnished to the Registrar and Share Transfer Agent, KFin Technologies Limited.

Shareholders holding shares under multiple accounts with different statuses but a single PAN should note that the highest applicable tax rate will be considered on their entire holding. The tax credit for the deducted amount can be viewed in Form 168 on the TRACES portal. The company clarified that no claims will lie against it for taxes deducted at higher rates due to the absence of necessary documentation.

Apollo Tyres witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 548,738 shares transacted at a price of ₹439.45 per share. The total value of the block trade stood at ₹24.11 crores, highlighting significant institutional-level participation in the counter.

Block Trade Details

The key parameters of the NSE block trade are summarised below:

Block trades are typically executed outside the regular market order book and are indicative of large-volume transactions, often associated with institutional investors or significant stakeholders.