TCS Announces 31st AGM on June 9, 2026; Sets May 25 as Dividend Record Date

3 min read     Updated on 08 May 2026, 08:36 AM
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Tata Consultancy Services has announced its 31st AGM on June 9, 2026, at 10.30 a.m. IST via VC/OAVM, with May 25, 2026 set as the record date for FY 2026 final dividend. Dividend payments will be processed electronically only, subject to KYC compliance, and shareholders seeking TDS exemption must submit required documents by May 21, 2026. Newspaper advertisements were published in Business Standard, Free Press Journal, and Navshakti under Regulation 30 of SEBI Listing Regulations.

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Tata Consultancy Services has announced the scheduling of its 31st Annual General Meeting (AGM) for Tuesday, June 9, 2026, at 10.30 a.m. IST. The meeting will be conducted virtually through Video Conferencing (VC) and Other Audio Visual Means (OAVM), in compliance with Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025. The company has published newspaper advertisements in Business Standard (English), Free Press Journal (English), and Navshakti (Marathi) pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members can attend and participate through VC/OAVM only, with their attendance counting towards the quorum under Section 103 of the Companies Act, 2013.

AGM Key Details

The following table summarises the key dates and access details for the 31st AGM:

Parameter: Details
AGM Date: Tuesday, June 9, 2026
AGM Time: 10.30 a.m. IST
Mode: Video Conferencing (VC) / OAVM
Record Date (Dividend): Monday, May 25, 2026
TDS Exemption Deadline: Thursday, May 21, 2026, by 11.59 p.m. IST
Email Registration Deadline: Tuesday, June 2, 2026, by 5.00 p.m. IST

The Notice of the AGM and the Integrated Annual Report for FY 2026 will be sent electronically to members with registered email IDs with the Company or depositories — National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Members who have not registered their email IDs will receive a letter with a web-link and QR code to access the Integrated Annual Report. Shareholders without registered email IDs may register by 5.00 p.m. IST on Tuesday, June 2, 2026, to receive these documents. The reports will also be accessible on the company's website ( www.tcs.com ) and the websites of BSE Limited, National Stock Exchange of India Limited, and NSDL. Remote e-voting facilities will be available for members to cast their votes prior to or during the AGM.

Dividend Payment and KYC Compliance

The company has established Monday, May 25, 2026, as the 'Record Date' to determine the entitlement of members to the final dividend for FY 2026, should it be declared at the upcoming AGM. In accordance with SEBI directives effective from November 18, 2025, dividend payments will be processed exclusively via electronic mode, and payments through dividend warrants or cheques have been discontinued. Shareholders holding shares in physical form are advised that dividend payments will be made only if their folios are KYC compliant — requiring registration of PAN, contact details including mobile number, bank account details, and specimen signatures with the Company or the Registrar and Share Transfer Agent (RTA). This is in accordance with SEBI Master Circular no. SEBI/HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026, read with SEBI Listing Regulations.

Tax Deducted at Source (TDS) Requirements

Under the provisions of the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company is required to deduct tax at source at prescribed rates. Shareholders seeking exemption from TDS must submit the necessary documents or declarations by 11.59 p.m. IST on Thursday, May 21, 2026, via email to the designated address or by scanning the provided QR codes. The following table outlines the specific documents required for different categories of shareholders to avail TDS exemption:

Category of Shareholder: Document(s) to be Submitted/Uploaded
Resident individual shareholder with PAN and whose income does not exceed maximum amount not chargeable to tax or who is not liable to pay income tax* i. Form 121 (The erstwhile Form 15G or Form 15H shall not be accepted for this purpose)
Non-resident shareholders [including Foreign Portfolio Investors (FPIs)] who can avail beneficial rates under tax treaty between India and their country of tax residence* i. No Permanent Establishment Declaration ii. Beneficial Ownership Declaration iii. Tax Residency Certificate iv. Copy of electronically filed Form 41 (erstwhile Form 10F) v. Any other document which may be required

If PAN is incorrect/invalid/inoperative, tax will be deducted at higher rates and credit of TDS will not be available.

Shareholders are also requested to intimate any changes pertaining to their name, postal address, email ID, telephone/mobile number, PAN, mandates, nominations, power of attorney, and bank details — to Depository Participants for shares held in electronic form, and to the Company/RTA for shares held in physical form.

Historical Stock Returns for Tata Consultancy Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.29%-3.21%-5.72%-19.97%-30.50%-23.57%

What is the expected final dividend per share that TCS might declare at the June 2026 AGM, and how does it compare to dividends declared in previous fiscal years?

How might TCS's FY 2026 financial performance and revenue growth trajectory influence shareholder sentiment and voting outcomes at the upcoming AGM?

With SEBI mandating exclusive electronic dividend payments, what percentage of TCS's physical shareholders remain KYC non-compliant, and what is the risk of unclaimed dividends?

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TCS Successfully Launches CHESS Release 1 with Australian Securities Exchange

2 min read     Updated on 28 Apr 2026, 12:03 PM
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Tata Consultancy Services has successfully implemented CHESS Release 1 for the Australian Securities Exchange, modernizing Australia's critical financial market infrastructure. The deployment features TCS BaNCS for Market Infrastructure and Quartz Gateway solutions, providing high-performance clearing and settlement capabilities with support for over 20 million trades per day and compliance with industry messaging standards.

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Tata Consultancy Services has successfully launched CHESS Release 1 with the Australian Securities Exchange (ASX), marking a significant milestone in modernizing Australia's financial market infrastructure. The go-live focuses specifically on cash clearing and settlement operations, representing a crucial component of the exchange's technology transformation initiative.

Official Partnership Milestone

The deployment represents an important milestone in the modernisation of Australia's critical financial market infrastructure as part of ASX's digital transformation journey in partnership with TCS. CHESS is the system used to facilitate the clearing and settlement of trades in eligible financial products, enabling delivery-versus-payment settlement by transferring securities and cash between buyers and sellers.

Project Component Details
System Name CHESS (Clearing House Electronic Subregister System)
Release Focus Cash Clearing & Settlement Operations
Implementation Partner Tata Consultancy Services
Deployment Model Cloud-based Infrastructure
Processing Capacity Over 20 million trades per day

Technology Platform and Solutions

The implementation is built on TCS BaNCS for Market Infrastructure, complemented by Quartz Gateway solutions, creating a comprehensive technology ecosystem for the ASX. Together, they deliver a high-performance, scalable and resilient CCP clearing solution for multiple asset classes with real-time trade novation and netting capabilities.

Technical Specification Details
Primary Platform TCS BaNCS for Market Infrastructure
Supporting Technology Quartz Gateway Solutions
Messaging Standards ISO 15022, ISO 20022, FIX
Connectivity Multiple Australian exchanges
Architecture Modern, secure, resilient and scalable

Executive Perspectives

Tim Whiteley, Chief Information Officer, ASX, stated: "Release 1 of the CHESS Project marks a significant milestone in the modernisation of Australia's critical market infrastructure supporting post-trade clearing and settlement services. With CHESS Release 1 in production, ASX is very proud of the outcomes achieved with TCS as our technology partner having deployed a modern, secure, resilient and scalable solution for the Australian market."

R Vivekanand, President BFSI Products and Platforms, TCS, commented: "We are proud to have partnered with ASX on their modernization strategy and the successful Go-Live of CHESS Release-1. Together, we have smoothly implemented a world class platform that sets a strong foundation to drive the future growth and development of Australian financial markets."

Future Development Roadmap

ASX is delivering the CHESS Replacement Project in two releases, a staged approach developed in close consultation with industry to manage change and reduce implementation risk for critical market infrastructure systems. With the successful completion of Release-1, TCS and ASX along with industry participants have commenced work for Release-2 of the CHESS Replacement Program, targeted to go-live in 2029.

The collaboration between Tata Consultancy Services and ASX demonstrates the successful integration of advanced technology solutions in critical financial market operations, establishing a foundation for enhanced clearing and settlement operations in Australia's securities trading ecosystem.

Historical Stock Returns for Tata Consultancy Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.29%-3.21%-5.72%-19.97%-30.50%-23.57%

What specific new features and capabilities will CHESS Release 2 introduce when it launches in 2029?

How might this successful ASX implementation influence TCS's competitive position for similar market infrastructure projects in other Asia-Pacific exchanges?

What potential challenges could arise during the 5-year gap between Release 1 and Release 2 that might affect the timeline or scope?

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