Apollo Tyres Ltd has issued a regulatory communication to shareholders regarding Tax Deduction at Source (TDS) procedures for the proposed final dividend for FY26.

The Board of Directors at its meeting held on May 14, 2026, recommended a Final Dividend of ₹2.50 per equity share of ₹1 each for FY26. This dividend recommendation is subject to approval by shareholders at the 53rd Annual General Meeting (AGM) scheduled to be held on Wednesday, July 29, 2026, at 3:00 PM (IST) through Video Conferencing.

The Record Date for determining entitlement to the dividend has been fixed as Friday, July 10, 2026.

Pursuant to the Income Tax Act, 2025, dividends paid by the company are taxable in the hands of shareholders, and the company is required to deduct tax at source at the time of dividend payment.

TDS Provisions for Different Shareholder Categories

For Resident Shareholders:

  • 10% TDS rate for those with valid PAN linked with Aadhaar
  • No TDS if total dividend during tax year 2026-27 does not exceed ₹10,000 or if shareholder provides declaration in Form 12I meeting all eligibility conditions
  • 20% TDS rate for those without/invalid/inoperative PAN or non-linking of PAN with Aadhaar
  • Insurance companies (public and other) are exempt from TDS (NIL rate) subject to providing self-attested copy of valid IRDA registration certificate
  • Persons covered under Section 393(5) of IT Act (Mutual Funds, Business Trust, Alternative Investment fund, Government, etc.) are exempt from TDS (NIL rate) subject to providing documentary evidence

For Non-Resident Shareholders, FIIs, FPIs:

  • 20% TDS rate (plus surcharge and education cess as applicable) or DTAA rate, whichever is lower
  • To claim beneficial DTAA rates, shareholders must submit: Self-attested copy of Tax Residency Certificate (TRC) for current financial year; Self-declaration in Form 41 if details not mentioned in TRC; Self-attested copy of PAN Card if available; Self-declaration certifying tax residency status, DTAA eligibility, beneficial ownership status, and absence of permanent establishment in India
  • The company is not obligated to apply beneficial DTAA rates and will do so only after satisfactory review of submitted documents

Additional Provisions

  • Shareholders with multiple accounts under different status/category with single PAN will have higher applicable tax rate applied to their entire holding
  • Dividend payment will be made only through electronic mode as mandated by SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2025
  • Shareholders must ensure bank account details are updated in their demat accounts/physical folios
  • Shareholders holding physical shares must furnish PAN, contact details, bank account details, and specimen signature to make their folio KYC compliant

Submission Requirements and Deadline

All relevant tax exemption documents must be submitted online with the Registrar and Share Transfer Agent, KFin Technologies Limited, by Monday, July 13, 2026, using the provided link.

No communication or documentation on tax determination/deduction will be entertained after July 13, 2026. If tax is deducted at a higher rate due to non-submission of required documents, shareholders may file income tax returns to claim appropriate refunds if eligible, with no claim lying against the company for such taxes deducted.

Tax credit can be viewed in Form 16B through the TRACES portal or Income Tax department's e-filing website.