Maruti Suzuki Recommends Final Dividend of Rs 140 Per Share for FY2025-26; Provides TDS Guidelines
Maruti Suzuki India Limited (MSIL) has announced a final dividend recommendation of Rs. 140 per equity share, following its Board meeting held on April 28, 2026. This payment is designated for the financial year ended March 31, 2026. The dividend will be disbursed to members whose names are registered as of the close of business hours on Friday, August 7, 2026.The company provided comprehensive guidance regarding Tax Deducted at Source (TDS) applicable on the declared dividend under current tax regulations.
Dividend and TDS Provisions Overview
MSIL detailed specific guidelines for all members concerning TDS obligations. The provisions vary based on the residential status and investment category of the shareholder.For Resident Members:
The company indicated that no tax will be deducted on dividend payments to resident individual members if their total dividend income for the financial year does not exceed Rs. 10,000, provided they have a valid Permanent Account Number (PAN).
Where TDS is required, the applicable rates are as follows:
| Shareholder Status | Applicable Rate of Tax | Documentation Requirements |
|---|---|---|
| Member with Valid PAN and proper documentation submitted to RTA | 10% | N/A |
| Member without PAN or holding an invalid PAN | 20% | N/A |
| Member submitting Lower tax deduction certificate from Income Tax Department | Rate specified in the Lower tax withholding certificate | Copy of PAN card, Copy of lower withholding obtained |
For Non-Resident Members:
Non-resident members have the option to be governed by their local Double Taxation Avoidance Agreement (Tax Treaty), if it is more beneficial. The TDS rate depends on various categories:
| Member Category | Applicable Rate |
|---|---|
| General Non-Resident Members | 20% plus applicable surcharge and cess OR Tax Treaty Rate |
| Submitting Certificate under Section 395(1) of the IT Act | Rate specified in Lower/Nil withholding tax certificate |
| Alternative Investment Fund (AIF) Category III or Retail Scheme / Exchange Traded Fund | 10% (plus applicable surcharge and cess) |
| Non-Resident Members from Notified Jurisdictional Area | 30% |
| Sovereign Wealth funds and Pension funds notified by Central Government | NIL |
| Foreign Portfolio Investors (FPIs) - Category I with valid PAN | 10% (plus applicable surcharge and cess) |
Documentation and Payment Instructions
All members are required to submit necessary documentation through the company’s Registrar and Transfer Agent (RTA) prior to August 7, 2026, to enable accurate TDS deduction.Members holding shares in dematerialized form must update their records regarding tax residential status, PAN, registered email ID, and mobile number with their Depository Participants. Those holding physical share certificates are directed to submit the required details to the RTA.
All dividend payments will be processed electronically, as mandated by regulatory requirements. Members who need to ensure timely payment are advised to update their bank account details with their respective Depository Participant or the RTA if shares are held in physical form.
MARUTI Stock Price Movement
Today, shares of Maruti Suzuki India Limited edged higher to close at ₹13854, gaining 1.03% in post-market trading. The stock experienced solid movement during the day, with prices ranging from a low of ₹13776 to a high of ₹13987.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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