Titan Company Limited has recommended a dividend of ₹15.00 per equity share for the financial year ended March 31, 2026, subject to approval by shareholders at the ensuing Annual General Meeting (AGM). The dividend of 1500% will be paid after the AGM approval, with tax deducted at source (TDS) as applicable under the Income Tax Act, 2025. Shareholders must ensure their records, including PAN and tax residency status, are updated before the record date to facilitate correct tax deduction.

Tax Deduction Rates for Residents

The company specified the TDS rates applicable to different categories of resident shareholders. Resident individuals with a valid PAN are subject to a 10% tax deduction, though no tax will be deducted if the total dividend income during the tax year 2026-27 does not exceed ₹10,000 or if Form 121 - Part A is submitted. Individuals without a valid PAN or with discrepancies will face a higher TDS rate of 20%.

Resident non-individual entities, such as insurance companies, mutual funds, and Alternative Investment Funds (AIFs), are eligible for Nil TDS provided they submit specific self-declarations and supporting documents, including PAN and registration certificates with relevant authorities like SEBI or IRDA.

Provisions for Non-Resident Shareholders

For non-resident shareholders, the standard TDS rate is set at 20% plus applicable surcharge and cess under domestic tax laws. However, shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more favorable. To avail DTAA benefits, non-residents must submit a Tax Residence Certificate (TRC), Form 41 filed online, and a self-declaration meeting treaty eligibility requirements.

Global Depository Receipt (GDR) holders will face a TDS of 10%, inclusive of surcharge and cess, provided PAN details are available. In the absence of PAN details, the tax rate increases to 20% plus surcharge and cess.

Document Submission and Compliance

Shareholders are required to submit necessary tax-related documents on or before Monday, June 29, 2026, to determine the appropriate withholding tax rate. Documents can be uploaded via a specific link or sent to designated email addresses for resident and non-resident shareholders. Submissions received after the deadline will be accepted at the sole discretion of the company.

The company emphasized that dividend payments will be made exclusively via electronic mode. Shareholders holding physical shares must furnish PAN, bank account details, and other specifics to the Registrar and Transfer Agent, MUFG Intime India Private Limited, to receive payments. Those holding shares in dematerialized form should update bank details with their depository participants.

Titan Company Limited has fully redeemed commercial papers worth ₹1000 crore bearing ISIN INE280A14542. The maturity proceeds were paid to all holders on June 8, 2026. The redemption was completed in accordance with the SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which governs the issue and listing of non-convertible securities and commercial papers.

The commercial papers were originally issued on April 24, 2026. The company confirmed that the payment was made to all holders on the maturity date. This disclosure was submitted to BSE Limited, where Titan Company Limited is listed with the scrip code 500114.

The intimation regarding the redemption has been made available on the company's official website. Dinesh Shetty, General Counsel & Company Secretary of Titan Company Limited, signed the disclosure on behalf of the company.