Tata Power AGM 2026: ₹2.50 dividend, record date, e-voting

Key dates investors are tracking

Tata Power Company Limited has set July 7, 2026 for its 107th Annual General Meeting (AGM), to be conducted through video conferencing. The meeting will consider adoption of the financial statements for the year ended March 31, 2026, and other ordinary business including a dividend declaration. For shareholders, the important near-term milestones include the record date for the proposed dividend, the remote e-voting window, and documentation timelines for tax and bank mandate updates. Market calendars also list the ex-dividend date as June 23, 2026. The company has reiterated that dividend payouts will be made only through electronic mode.

107th AGM scheduled through video conferencing

As per the company’s communication, the AGM is scheduled for July 7, 2026, at 10:00 a.m. IST via video conferencing. An events calendar included with the shared information also lists the AGM time as 10:30 a.m., indicating that investors should rely on the AGM notice and exchange filings for final timing. Members attending through video conferencing will be counted for quorum purposes. The AGM agenda includes adoption of financial statements for FY26 and consideration of the dividend recommended by the board. The company has positioned the virtual format as the standard channel for participation and voting.

Dividend proposal: ₹2.50 per share for FY26

Tata Power’s board has recommended a final dividend of ₹2.50 per equity share of face value ₹1 each, described as a 250% distribution for FY26. The dividend is subject to shareholder approval at the July 7 AGM. If approved, the company has said the dividend will be paid subject to tax deduction at source (TDS). In multiple disclosures, the payout date is described as on or after July 10, 2026, with one communication also indicating payment on or after July 8, 2026. Separately, a shareholder-focused schedule in the provided information lists July 10, 2026 as the dividend payout date.

Record date and ex-dividend date: what the filings show

The record date determines which shareholders are eligible to receive the dividend. Tata Power has fixed Tuesday, June 23, 2026 as the record date in its board communication and dividend recommendation note. The data shared also shows an “Ex-dividend date - 2.5 INR” on June 23, 2026 (9:30 a.m.). At the same time, one section in the shared AGM-related text mentions June 16, 2026 as the record date. Investors typically watch the record date and the exchange-declared ex-date closely, and the later sections and board note repeatedly cite June 23, 2026 for dividend eligibility.

Remote e-voting window and cut-off date

The company has enabled a remote e-voting facility for shareholders who cannot attend the AGM. The e-voting period begins on July 3, 2026 at 9:00 a.m. IST and ends on July 6, 2026 at 5:00 p.m. IST. Tata Power has set June 30, 2026 as the cut-off date to determine eligibility for remote e-voting. This structure allows shareholders to vote on resolutions in advance of the AGM date. The company has also clarified that members participating through the video conference route will be included for quorum.

Bank mandate, KYC and email updates: June 22 deadline

Tata Power has asked shareholders to update bank and KYC details by June 22, 2026 to enable electronic dividend payments. Shareholders holding shares in demat form are required to update their electronic bank mandate with their depository participant. Those holding physical shares are required to update PAN, contact details, and bank account information with the company or its registrar and share transfer agent. The company has also requested members to register their email addresses so they receive electronic communications. These steps align with the company’s stated approach that dividends will be paid only through electronic mode.

TDS and documentation: what shareholders were told

In a communication dated May 26, Tata Power outlined the TDS process applicable to the proposed dividend under the Income Tax Act, 2025. The company said shareholders should submit applicable tax-related documents on or before June 22, 2026 so that the appropriate withholding rate can be determined. For resident shareholders, TDS generally applies at 10% where valid PAN details are available. The company also flagged that higher withholding rates may apply where PAN details are invalid or where PAN-Aadhaar linkage requirements are not met, as per the law. For non-resident shareholders, the communication noted the potential to claim Double Taxation Avoidance Agreement (DTAA) benefits, subject to submission of prescribed documents such as a tax residency certificate and related declarations.

Stock reaction cited in the disclosure

The May 26 update also carried a snapshot of the stock’s intraday move. As of 11:13 a.m. IST on May 26, 2026, Tata Power was trading at ₹424.80, up ₹11.25 or 2.72% from the previous close of ₹413.55. The company framed the filing as a compliance and documentation-focused update rather than a change to the dividend recommendation already made by the board. With the dividend still subject to shareholder approval, investors are likely to monitor the AGM outcome for the final confirmation of the payout.

Financial performance context: FY26 and Q4 numbers

Tata Power said its board approved audited consolidated and standalone financial results for the quarter and year ended March 31, 2026 at a meeting on May 12, 2026. Consolidated net profit for FY26 rose to ₹5,117.56 crore from ₹4,775.37 crore in FY25, while total consolidated income was ₹64,171.66 crore. On a standalone basis, net profit was ₹1,124.66 crore for FY26 versus ₹3,132.68 crore in FY25, with the decline linked to the temporary suspension of the Mundra Power Plant. For Q4 FY26, the company reported net profit of ₹1,415.52 crore, an 8.3% increase, even as revenue fell 13% to ₹14,900.20 crore. The final dividend proposal of ₹2.50 per share is presented alongside these audited results and is being taken to shareholders for approval.

Quick reference table: dates, dividend and voting window

Conclusion: what to watch next

The near-term focus for Tata Power shareholders is the July 7, 2026 AGM, where the FY26 financial statements and the proposed ₹2.50 per share final dividend will come up for approval. In the lead-up, the company has laid out clear action points, including the e-voting schedule, the June 30 cut-off date for voting eligibility, and the June 22 deadline for tax documents and bank mandate updates. With the record date broadly cited as June 23, 2026 in the board note and dividend recommendation, investors will also track exchange notices and the company’s final AGM documentation for any clarifications. The next confirmed step is the AGM vote, after which the company has indicated the dividend would be paid in July, subject to applicable TDS rules.