Tata Consumer Products Limited announced on May 08, 2026, that its Board of Directors has recommended a final dividend of Rs. 10 per equity share of Re. 1/- each, representing 1000% of the face value, for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting of the Company, scheduled to be held in the month of June 2026.

Dividend Details at a Glance

The key parameters of the announced final dividend are summarised below:

Tax Deduction at Source (TDS) Framework

In accordance with the Indian Income Tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company is required to deduct taxes at source at applicable rates. TDS rates vary depending on the residential status of the shareholder and the documents submitted to and accepted by the company.

For resident shareholders, tax will be deducted at source under Section 393(1) read with Section 393(4) of the Act at the rate of 10% on the dividend amount exceeding INR 10,000, provided a valid Permanent Account Number (PAN) is on record. In the absence of a valid or operative PAN, tax shall be deducted at a higher rate of 20% as per Section 397(2) of the Act.

TDS Rates by Shareholder Category

The applicable TDS treatment for different categories of shareholders is outlined below:

Document Submission Requirements and Deadlines

Shareholders seeking exemption or lower TDS deduction are required to submit the relevant forms and declarations on or before May 25, 2026, up to 07.00 pm (IST). Documents received after this deadline will not be considered for TDS determination.

Resident shareholders may upload documents at the designated portal or email them to the Registrar and Transfer Agent, MUFG Intime India Private Limited. Resident individual shareholders can also submit Form 121 (Declaration for receipt of dividend without deduction of tax) electronically through their depository participants — National Securities Depository Limited (NSDL) or Central Depository Services (India) Limited (CDSL).

Non-resident and institutional shareholders are required to submit scanned copies of the following documents:

• Copy of Tax Residency Certificate (TRC) for tax year 2026-27
• Form 41 (for claiming Tax Treaty Relief)
• Copy of PAN card allotted by Indian Income Tax authorities, or information under sub-rule 2 of Rule 217 of Income Tax Rules, 2026 (Annexure-7) if PAN is unavailable
• Self-declaration of beneficial ownership of equity shares (Annexure-8)
• Self-declaration of no permanent establishment in India (Annexure-9)
• Self-declaration of fulfilling all conditions of the applicable tax treaty (DTAA) read with Multilateral Instrument (MLI)
• Any other documents as prescribed under the Income Tax Act, if applicable (Annexure-10)

Documents for non-resident and institutional shareholders must be emailed to Dividend2026@tataconsumer.com on or before Monday, May 25, 2026, up to 07.00 pm (IST).

Bank Account Updation and KYC Compliance

Shareholders are advised to ensure their bank account details linked to their Demat accounts are updated to enable timely credit of dividends. Shareholders holding shares in physical form are reminded that the dividend will be released only if the folio is KYC compliant. Any changes to tax residential status, PAN, email address, or mobile numbers should be updated with the relevant depositories through depository participants (for dematerialised holdings) or with the Registrar and Transfer Agent, MUFG Intime India Private Limited (for physical holdings).

The company has clarified that if tax is deducted at a higher rate due to non-submission of required documents, shareholders retain the option to file a return of income and claim an appropriate refund if eligible. However, no claim shall lie against the company for taxes so deducted. The company will arrange to email a soft copy of the TDS certificate to shareholders at their registered valid email ID post payment of the final dividend.

Tata Consumer Products' joint venture Tata Starbucks has implemented price increases across its menu offerings, with adjustments ranging from 5% to 10%, according to reports from ET Now.

Price Adjustment Details

The coffee chain has rolled out the price increases across its product portfolio. The pricing adjustment represents a significant move in the competitive Indian coffee retail market.

Market Context

Tata Starbucks operates as a joint venture between Tata Consumer Products and Starbucks Corporation, bringing the global coffee brand's offerings to Indian consumers. The price adjustment reflects the company's approach to managing its operations in the dynamic Indian retail coffee segment.

The implementation of these price increases demonstrates the company's focus on maintaining its market position while adapting to operational requirements. This pricing strategy affects the entire range of products offered at Tata Starbucks outlets across India.