Apollo Tyres Recommends ₹2.50 Dividend for FY26
Apollo Tyres Ltd has announced its Board of Directors has recommended a final dividend of ₹2.50 per equity share for FY26. This dividend is subject to shareholder approval at the 53rd AGM scheduled for July 29, 2026. The company also provided details on Tax Deduction at Source (TDS) provisions for the dividend, outlining different rates for resident and non-resident shareholders based on PAN status and documentation. Resident shareholders with valid PAN linked to Aadhaar will face a 10% TDS, unless the dividend is below ₹10,000 or a Form 121 declaration is provided. Those without valid PAN or Aadhaar linkage will be subject to a 20% TDS. Non-residents will be taxed at 20% or the applicable DTAA rate, whichever is lower, requiring specific documentation like a Tax Residency Certificate.
Key Highlights
- Apollo Tyres recommends a final dividend of ₹2.50 per equity share for FY26.
- Shareholder approval for the dividend is required at the AGM on July 29, 2026.
- TDS on dividend will be 10% for resident shareholders with valid PAN, 20% otherwise.
- Non-residents face a 20% TDS or lower DTAA rate with required documentation.
- The record date for dividend entitlement is Friday, July 10, 2026.
Price Impact
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