Apollo Tyres Limited has informed stock exchanges that its board of directors recommended a final dividend of Rs 2.50 per equity share of Rs 1 each for the financial year 2025-26. The dividend is subject to approval by shareholders at the 53rd annual general meeting of Apollo Tyres.
The board approved the dividend recommendation at its meeting held on May 14, 2026. Apollo Tyres has fixed Friday, July 10, 2026, as the record date for determining shareholder eligibility for the dividend payment.
The 53rd AGM is scheduled for Wednesday, July 29, 2026, at 3:00 PM IST, where shareholders of Apollo Tyres will consider and vote on the dividend proposal.
Apollo Tyres also issued a communication to shareholders regarding tax deduction at source provisions under the Income Tax Act, 2025, applicable to the final dividend for FY26. The intimation was sent to shareholders whose email addresses are registered with the registrar and share transfer agent or depositories.
Under the applicable tax provisions, dividends paid by companies are taxable in the hands of shareholders, requiring Apollo Tyres to deduct tax at source at the time of dividend payment. Different TDS rates apply based on shareholder classification and the documentation submitted.
The communication outlines the documentation requirements for resident and non-resident shareholders to claim applicable tax treaty benefits or lower withholding tax rates. Shareholders must submit relevant forms by July 13, 2026, for appropriate tax determination on the dividend.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.