The Gujarat High Court has rejected Tata Chemicals ' claim regarding pre-existing rights over land used for legacy open wastewater channels at Mithapur, Gujarat. The court's order on May 25, 2026, directs the Gujarat Pollution Control Board (GPCB) to engage experts for an environmental impact assessment and determine remediation measures within three months. This ruling impacts the company's position on the legacy infrastructure while confirming its current compliance via a closed deep-sea discharge pipeline.

Environmental Impact and Remediation

The GPCB is mandated to conduct a study to assess the environmental damage caused by the legacy channels. The regulatory body must ascertain the appropriate remediation and compensation required for the area affected by the historical discharge of wastewater.

Operational Status and Financial Impact

Tata Chemicals clarified that the legacy open channels in question are not operational and are no longer in use. The company currently operates through a state-of-the-art closed deep-sea wastewater discharge pipeline and stated it is fully compliant with all regulatory requirements. Consequently, there is no operational impact reported. The financial implications remain unquantified pending the formal impact assessment by the experts appointed by the GPCB.

The company is examining the court order and will evaluate its future course of action. It continues to work with authorities to uphold environmental standards in the region.

Tata Chemicals Limited has fixed Wednesday, June 10, 2026, as the record date to determine shareholder entitlement for the dividend recommended for the financial year ended March 31, 2026. The Board of Directors, at their meeting held on May 4, 2026, recommended a dividend of ₹11 per ordinary share of ₹10 each. This dividend is subject to shareholder approval at the 87th Annual General Meeting (AGM) scheduled for Friday, June 26, 2026, at 3:00 p.m. IST via Video Conferencing.

Dividend Payment and Taxation

If declared at the AGM, the dividend will be paid on or after Tuesday, June 30, 2026, subject to tax deduction at source (TDS). Pursuant to the Income-tax Act, 2025, dividend income is taxable in the hands of shareholders. To ensure the correct withholding rate, shareholders must submit specific forms and declarations. The company has set a deadline of Monday, June 8, 2026, for the submission of these documents.

TDS Rates for Resident Shareholders

The applicable TDS rates for resident shareholders vary based on documentation and PAN status. The following table summarises the key rates:

Resident individual shareholders may submit Form 121 electronically through their respective depositories. Shareholders are advised to ensure their Aadhaar number is linked to their PAN to avoid the higher TDS rate of 20%.

Guidelines for Non-Resident Shareholders

For non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), the standard withholding tax rate is 20% plus applicable surcharge and cess. Beneficial tax treaty rates may apply if the required documents are submitted by the deadline. The following table outlines the documentation required to claim Double Tax Avoidance Agreement (DTAA) benefits:

Document Submission Process

Shareholders must upload or email the relevant documents on or before Monday, June 8, 2026. Documents submitted after this date will not be considered for tax treaty benefits or exemptions. The submission details are as follows:

In the absence of receipt of complete details or documents by the deadline, tax on the dividend will be deducted at the prescribed rate. Shareholders may file their income tax return to claim an appropriate refund if eligible.