Tata Consultancy Services has fixed Wednesday, October 14, 2026 as the record date for the second interim dividend, subject to approval by the Board of Directors.

The Board meeting to consider the declaration is scheduled for Thursday, October 8, 2026. Shareholders whose names appear in the Register of Members or depository records on the record date will be eligible for the payout.

Tax Compliance and Document Submission

Under the Income Tax Act, 2025, dividend income is taxable in the hands of shareholders, and the company is required to deduct tax at source (TDS) at prescribed rates. The applicable rate varies based on residential status and submitted documents. Individual shareholders with incorrect, invalid, or unlinked PAN details may face higher TDS rates, with potential loss of credit under Section 397 of the Act.

To avail tax exemptions for dividends declared in FY26-27, eligible shareholders must submit specific documents by Friday, October 9, 2026, at 11:59 pm IST. Submissions can be made via depository platforms (CDSL/NSDL) or directly to the company’s registrar.

Required Documents for Tax Exemption

Payment Logistics

Dividends for shareholders holding physical shares will be paid exclusively through electronic mode. This payment is contingent upon the folio being KYC compliant, which requires registering PAN, contact details, bank account information, and specimen signatures with the Registrar and Share Transfer Agent. The company encourages all shareholders to provide nomination choices to ensure smooth transmission of securities and prevent unclaimed assets.

Tata Consultancy Services has announced a multi-year extension of its title partnership with Jaguar TCS Racing. The agreement expands TCS' role to include that of the team's Official AI Partner as the ABB FIA Formula E World Championship enters the high-performance GEN4 era.

The renewed collaboration aims to leverage artificial intelligence to unlock efficiencies in racing operations and engineering. These insights will also support the development of next-generation Jaguar electric vehicles. The partnership builds on five years of collaboration, during which Jaguar TCS Racing secured the 2024 and 2026 Teams' World Championships.

Strategic expansion into AI-driven motorsport

As the reigning Teams' World Champions, Jaguar TCS Racing enters the GEN4 era with a strengthened technical foundation. The partnership utilizes TCS' Virtual Vehicle Validation Model (V3M), enabling engineers to validate software changes and run continuous simulations under tight time constraints. This integration of cloud and digital twin technology accelerates the electrification journey from race to road.

Abhinav Kumar, Global Chief Marketing Officer at TCS, stated that the renewal harnesses AI to help the team compete for more podiums and championship wins. Chris Thorp, Chairman of JLR Motorsport, emphasized that the collaboration is grounded in proven delivery and a shared vision for data-driven performance.

Community engagement and UK presence

Beyond track performance, the partnership extends through TCS' Ignite My Future initiative. Since 2023, nearly 30,000 students across 16 countries have engaged with racing data and strategy through custom lesson plans. Hundreds of students have also participated in at-track experiences during E-Prix events worldwide.

The renewal underscores TCS' long-term commitment to the UK market, where it has maintained a 50-year presence. The company works with over 200 of the UK's top brands and confirmed plans earlier this year to create 5,000 new jobs across the country in the next three years.

Partnership milestones

What the numbers show

The partnership highlights a strategic alignment between high-performance engineering and corporate sustainability goals. While specific financial terms of the sponsorship are not disclosed, the expansion of TCS' role to Official AI Partner signals a deeper integration of technology services into JLR's product development cycle. The disclosure of consolidated revenues exceeding $30 billion for FY26 provides context for TCS' capacity to sustain long-term, resource-intensive global partnerships while simultaneously expanding its workforce in key markets like the UK.