Transport Corporation of India Ltd has set Monday, July 20, 2026, as the deadline for shareholders to submit documents to determine the applicable Tax Deduction at Source (TDS) rate for the final dividend of Re 1 per equity share for FY26. The dividend, recommended by the Board on May 26, 2026, is subject to shareholder approval at the 31st Annual General Meeting (AGM) scheduled for Thursday, July 30, 2026. The record date to determine eligibility is Friday, July 17, 2026.

The company will deduct tax at source in accordance with the Income Tax Act, 2025, with rates varying based on the shareholder's residential status and documentation. Resident shareholders with a valid Permanent Account Number (PAN) linked to Aadhaar face a 10% deduction, while those without a valid PAN will be taxed at 20%. Resident individuals may submit Form 121 for nil deduction, provided the total dividend during the tax year 2026-27 does not exceed ₹ 10,000.

TDS Rates for Resident Shareholders

Non-Resident Shareholders, including Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI), will be taxed at 20% plus surcharge and cess, unless a lower rate applies under a Double Taxation Avoidance Agreement (DTAA). To claim the DTAA rate, shareholders must submit a Tax Residency Certificate (TRC), Form 41, and self-attested copies of their PAN. Specific declarations are required for FIIs, Alternative Investment Funds, and Sovereign Wealth Funds.

Shareholders holding physical shares must ensure their bank account details, PAN, and contact information are updated with the registrar, KFin Technologies Limited, to receive dividend payments electronically. Those holding shares in demat mode must update details directly with their Depository Participant. Failure to submit the required documents by July 20, 2026, will result in TDS deduction at the higher applicable rate without further communication.

Transport Corporation of India Ltd has received a disclosure from its promoters confirming that no equity shares held by the promoter group were encumbered during the financial year ended March 31, 2026. The declaration, submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, provides assurance regarding the unencumbered status of the promoter shareholding.

The disclosure was filed by Dharmpal Agarwal on behalf of the promoter group, including persons acting in concert. As of March 31, 2026, the group collectively holds 5,27,49,590 equity shares in Transport Corporation of India Ltd . The filing confirms that no direct or indirect encumbrance was created on this shareholding throughout FY26.

The company forwarded this information to the listing departments of BSE Ltd. and National Stock Exchange of India Ltd. on April 7, 2026. The communication was signed by Hansa Sharma, Company Secretary of Transport Corporation of India Ltd.

Key Shareholding Details

The declaration was addressed to the Audit Committee and the Company Secretary of Transport Corporation of India Ltd, in addition to the stock exchanges. This regulatory filing ensures transparency regarding the promoter's financial commitments related to their shareholding in the logistics company.