Transport Corporation of India has announced February 10, 2026 as the record date for its first interim dividend of ₹9 per share for FY26. The company has issued comprehensive guidelines to shareholders regarding Tax Deduction at Source (TDS) provisions applicable on the dividend payment, with detailed documentation requirements for different shareholder categories.

Dividend and Record Date Details

The Board of Directors approved the interim dividend declaration on February 04, 2026, with the record date set for February 10, 2026. The company has communicated detailed TDS implications to shareholders through official correspondence signed by Compliance Officer Sunil Kumar and Company Secretary Hansa Sharma.

TDS Provisions for Resident Shareholders

Following amendments in the Income-tax Act, 1961 via Finance Act, 2020, the company will deduct tax at source on dividend payments. For resident shareholders with valid PAN linked to Aadhaar, TDS will be deducted at 10.00%, while those without valid PAN will face 20.00% deduction. Resident individuals can submit Form 15G/15H to claim nil TDS, subject to meeting specified conditions.

Non-Resident Shareholder Guidelines

Non-resident shareholders, including Foreign Institutional Investors and Foreign Portfolio Investors, will face TDS at 20.00% plus applicable surcharge and education cess, or DTAA rate if lower. To claim beneficial DTAA rates, non-residents must submit Tax Residency Certificate, Form 10F, PAN details, and specific declarations confirming their tax residency status and beneficial ownership.

Documentation Submission Requirements

Shareholders must submit required documents to KFin Technologies Limited, the company's Registrar and Share Transfer Agent, by February 11, 2026. The company has specified that no claims will be entertained after this deadline, and higher TDS rates will apply in case of incomplete documentation. All dividend payments will be made electronically, requiring updated bank account details with depositories for demat shareholders.

The comprehensive TDS communication demonstrates Transport Corporation of India's commitment to regulatory compliance while ensuring shareholders understand their tax obligations and available exemptions for the interim dividend payment.

Transport Corporation of India announced robust Q3FY26 quarterly results with significant growth across key financial metrics, demonstrating the logistics major's strong operational performance and market position. The company's board approved multiple strategic decisions during its meeting held on February 04, 2026.

Q3FY26 Financial Performance

The company delivered impressive consolidated financial results for the quarter ended December 31, 2025. Transport Corporation of India reported strong revenue growth and improved profitability across its operations.

Nine Months Performance Analysis

For the nine months period ended December 31, 2025, Transport Corporation of India maintained strong momentum with consolidated revenue reaching ₹35,930 million compared to ₹33,130 million in the corresponding previous period, marking an 8.5% increase.

Segment-wise Revenue Performance

Transport Corporation of India's diversified business portfolio showed mixed performance across different segments during Q3FY26.

Interim Dividend Declaration

The company's Board of Directors approved the declaration of first interim dividend for FY26, reflecting strong cash generation and shareholder value creation commitment.

Key Corporate Developments

Transport Corporation of India announced several important strategic initiatives. The board approved the appointment of Mr. Rajendra Sharma as CEO Designate for TCI Freight division and Senior Management Personnel, effective February 04, 2026. The company also approved material related party transactions between subsidiary TCI-CONCOR Multimodal Solutions Private Limited and Container Corporation of India Limited, aggregating up to ₹5,000 million excluding taxes during FY26, subject to shareholder approval through postal ballot.