Tata Steel Fixes June 12, 2026 Record Date; Dividend ₹4/Share

Tata Steel Ltd's board has fixed June 12, 2026, as the record date for determining shareholders entitled to receive a dividend of ₹4 per ordinary share (400%) for FY2025-26, subject to shareholder approval at the AGM scheduled for July 2, 2026. If approved, the dividend will be paid from July 6, 2026, after deducting applicable taxes. The board also approved the acquisition of 41,40,000 equity shares (23% stake) in TM International Logistics Limited (TMILL) from IQ Martrade Holding Und Management GmbH for ₹335 crore, pending regulatory approvals. Additionally, Tata Steel Netherlands (TSN) faces penalties and potential operating permit revocation related to emissions non-compliance.