Transport Corp of India Ltd: Final Dividend TDS for FY26 Announced
Transport Corporation of India Ltd has issued a communication to its shareholders regarding Tax Deduction at Source (TDS) on the final dividend for the financial year ended March 31, 2026 (FY26). The Board recommended a final dividend of Re. 1/- per equity share, subject to shareholder approval at the AGM on July 30, 2026. The communication details the applicable TDS rates for resident and non-resident shareholders, including documentation requirements and exemption criteria. Resident shareholders with valid PAN linked to Aadhaar will face a 10% TDS, while those without or with invalid PAN will be subject to 20%. Exemptions and lower deduction rates are available for specific categories upon submission of required forms and certificates. Non-resident shareholders will be subject to 20% TDS or DTAA rates, whichever is lower, with specific documentation needed for DTAA benefits.
Key Highlights
- Final dividend of Re. 1 per equity share recommended for FY26.
- TDS rates vary for resident shareholders based on PAN and documentation.
- Non-resident shareholders can avail DTAA rates with proper documentation.
- AGM to approve dividend on July 30, 2026, via Video Conferencing.
- Record date for dividend eligibility is July 17, 2026.
Price Impact
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