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 scheduled a series of meetings with analysts and institutional investors between May 29 and June 4, 2026. The company will participate in the 360 ONE Capital Conference – Trinity India 2026, along with separate conferences hosted by BofA Securities, Morgan Stanley, and Citi. Management clarified that no unpublished price-sensitive information will be disclosed during these sessions.

The schedule includes individual and institutional investor interactions in both physical and group formats. The 360 ONE Capital Conference, initially set for May 27, has been rescheduled to May 29 in Mumbai. The company noted that the schedule for these meetings may be revised due to unforeseen circumstances involving investors or the company.

Vispi S. Patel, Company Secretary, submitted the intimation to the exchanges in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure is also available on the company's website.

The Company previously announced in a letter dated May 13, 2026, that the meetings during the conference were scheduled for May 27, 2026. However, it has since been rescheduled to May 29, 2026, as stated above.