The dividend per share for FY26 is set at ₹1,10,717, up 70.6% from ₹3,47,000 last year, making the total payout ₹4,478.58 crore—an increase that elevates Tata Sons to one of the top dividend‑yielding Indian conglomerates—
But the announcement comes amid a bitter clash between Tata Trusts chairman Noel Tata and Tata Sons over Chandrasekaran’s re‑appointment. A letter dated October 26, 2026, from Noel Tata declares the September 17 resolution void, citing agenda, voting, and disclosure breaches; the board counters with legal opinions from former CJI U U Lalit and former SC judge B N Srikrishna—
The dispute stalls the annual general meeting, as the Trusts’ inability to nominate a board representative hampers quorum. Without the AGM, approval of FY26 accounts and the ₹4,478.58 crore dividend could be postponed, potentially costing the Trusts about ₹55.6 lakh per day in lost investment returns—
According to Tata Trusts’ FY26 annual report, they disbursed ₹1,556.31 crore, with the Tata Sons dividend being the primary income source. A daily loss estimate of ₹55.6 lakh assumes a 7% annual return on the ₹2,900 crore earmarked for dividend—
Looking ahead, the next key dates are Noel Tata’s seven‑day reply deadline, the Charity Commissioner hearing on November 5, and the Tata Steel board meeting on November 7, where Chandrasekaran’s chairmanship could be confirmed or challenged. Resolution of the dispute will determine whether shareholders receive the dividend on schedule or face a delayed payout.