The Tata Power Company Limited has recommended a dividend of Rs 2.50 per equity share for the financial year ended March 31, 2026. The payout, subject to shareholder approval at the upcoming Annual General Meeting (AGM), represents a 250% distribution on shares of Rs 1 each. Shareholders must ensure their holdings are registered by the record date to qualify for the dividend.

The Board of Directors approved the recommendation at its meeting on May 12, 2026. The company has established June 23, 2026, as the record date to determine shareholder eligibility. Following the AGM on July 7, 2026, the dividend is scheduled to be paid on July 10, 2026.

Tax Deduction at Source

In accordance with the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders. Consequently, the company will deduct tax at source (TDS) at the time of payment. The applicable tax rate depends on the shareholder's residential status and the documentation submitted by the June 22, 2026 deadline.

Resident Shareholders

For resident individuals with a valid Permanent Account Number (PAN), TDS will be deducted at 10%. This rate increases to 20% if the PAN is invalid, not linked with Aadhaar, or unavailable. No tax will be deducted if the total dividend income for Tax Year 2026-27 does not exceed Rs 10,000 or if the shareholder submits valid exemption certificates such as Form 121.

Non-Resident Shareholders

Taxes for non-resident shareholders will be withheld at 20% plus applicable surcharge and cess under domestic tax laws. Shareholders may opt for benefits under Double Tax Avoidance Agreements (DTAA) if more favorable, provided they submit a Tax Residency Certificate, self-attested PAN copy, and a self-declaration in Form 41. Global Depositary Receipt holders face a 10% withholding rate if PAN is provided, rising to 20% otherwise.

Shareholders are required to update bank account details and submit necessary tax documents by June 22, 2026, to ensure the correct tax deduction and timely credit of the dividend.

The Tata Power Company Limited has issued a notice to shareholders regarding the loss of specific share certificates. The company has invited claims from any person with a right to the undermentioned securities, requiring them to lodge such claims at its Registered Office within 15 days from the date of the notice. If no claims are received, the company stated it will proceed to issue duplicate certificates to the applicants.

The notice pertains to Equity Shares of ₹1 each. The details of the lost securities, including folio numbers, shareholder names, and distinctive number ranges, have been disclosed to facilitate the identification process.

Details of Lost Securities

The disclosure was made in compliance with regulatory requirements. The notice was signed by Vispi S. Patel, Company Secretary and FCS 7021, on behalf of The Tata Power Company Limited.