TCS made an initial public offer in July 2004 and its shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India on August 25, 2004. The shares of the Company were issued at a face value of Re 1 per share and a share premium of Rs 849 per share. There has been no follow-on offering from the Company.

TCS’ equity shares are listed in India on the National Stock Exchange (NSE: TCS) and the Bombay Stock Exchange (BSE: 532540).

TCS’ ISIN code is INE467B01029

As of December 31, 2022, TCS had 3,659,051,373 shares outstanding.

The history of bonus issues (stock splits) at TCS is listed below :

The history of buyback at TCS is listed below :

* Price not adjusted for subsequent bonus issue.

The annual dividend history at TCS, not adjusted for the two stock splits, since listing is given below:

* Includes Special Dividend of ₹10,₹8, ₹40 and ₹40 for FY2010, FY2012, FY2015 and FY2020 respectively

You can find the record date / payment date for the dividends announced by us in the "Dividend Payment Details" section of the Investor page on our website. These details are also notified to the stock exchanges on the same day of the announcement of the dividend and available on the BSE and NSE websites.

The quiet period at TCS begins ten days before the end of every quarter and lasts until the day of that quarter’s earnings release. During this period, the company’s management refrains from communicating with market participants.

The Annual General Meeting (AGM) is typically held in end-June / early-July. The formal announcement will be published on the Investors page of our website, closer to the event. If you are a shareholder, you will receive a formal notice of the meeting, containing details of the date, time and venue, alongside the Annual Report.

TCS’ shares can be purchased on the open market in India through either a stock broker or any financial institution that provides brokerage services at the BSE or NSE. TCS does not offer a direct stock purchase plan.

No. The Company does not have any such program at present.

No. The Company does not accept fixed deposits.

For physical holdings, please send a letter, duly signed by the first holder, stating the new address and folio numbers of the shares you own to our Share Registrar, M/s TSR Darashaw Consultants Private Limited (mailing address in the Investor Contacts section). A computerized acknowledgement will be sent to your new address confirming the updation of the change in our records.

In the case of dematerialized holdings, please write to your Depository Participant (DP) intimating them of the change and ask for a confirmation that their records reflect the new address.

Please write to our Share Registrar, M/s TSR Darashaw Consultants Private Limited (mailing address in the Investor Contacts section) with details of folio numbers (in the case of physical holdings) or the DP ID and account number in the case of dematerialized holdings. After verification, they will issue a fresh cheque.

To avoid this problem in the future, you can use the ECS facility in which the dividend amount is automatically credited to the bank account of your choice. To avail of this facility, give your request to M/s TSR Darashaw Consultants Private Limited in writing. 

Also, you might consider dematerializing your holdings through a reliable Depository Participant. This would not only eliminate the issues of storage and risk of loss of paper certificates but also ensure automatic crediting of dividends to your bank account. Click on the links to the see the list of Depository Participants empaneled with each of the two depositories in India – NSDL and CDSL.

Statutory information detailed in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, are available here:

Pursuant to the applicable provisions of the Companies Act, 2013, the dividend declared by the Company, which is not claimed by the shareholders within 30 days from the date of the declaration, is required to be transferred to the Unpaid Dividend Account and the details of the shareholders, whose dividend is transferred, is required to be uploaded on the website of the Company. The dividend lying in this Unpaid Dividend Account can be claimed by the shareholders by writing to  the Registrar and Transfer Agent - M/s TSR Consultants Private Limited (mailing address in the Investor Contacts section) with details of folio number (in case of physical holdings) or the DP ID/Client ID (in case of dematerialized holdings). 

The details of the shareholders whose unclaimed dividends were transferred to Unpaid Dividend Account are available here:

Pursuant to the applicable provisions of the Companies Act, 2013 and the provisions of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“the Rules”) notified by the Ministry of Corporate affairs effective September 7, 2016, all unpaid or unclaimed dividends are required to be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by the Central Government, after completion of seven years. The Rules, inter alia, contain provisions for transfer of all shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more in the name of IEPF suspense account. Prior to transfer of shares, the Company is required to inform the shareholder concerned regarding transfer of shares three months before the due date of transfer of shares and also simultaneously publish a notice in the leading newspaper in English and regional language having wide circulation informing the concerned that the names of such shareholders and their folio number or DP ID - Client ID are available on their website. For details of the reminder letters sent to shareholders and copy of advertisement published, please click here.

Details of shareholders' dividend outstanding for 7 consecutive years

Pursuant to Section 124 read with Rule 7 of the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, a shareholder may claim the shares and unclaimed dividend so transferred to the IEPF Authority by making an application in form IEPF 5.

The procedure to claim the share(s) and dividend(s) is available here.

Pursuant to the amendment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is mandatory to transfer or sell securities in dematerialized form from April 1, 2019.For more details, kindly refer to our page on "Mandatory Dematerialization of shares" here.

As per SEBI circular dated November 3, 2021 below forms are required to be submitted to our Registrar and Transfer Agents (RTA), TSR Darashaw Consultants Private Limited (mailing address in the Investor Contacts section):

SEBI Circular

ISR 1 - Register/ Change PAN and KYC Details

ISR 2 - Confirmation of signature of securities holder by Bank

ISR 3 - Declaration for opting out of Nomination

ISR 4 – Request for issue of Duplicate Certificate and other Service Requests

SH 13 – Registration of Nomination

SH 14 – cancellation or variation of Nomination

Please use any one of the following mode for submission of documents to the RTA:

• Hard copies: Above forms duly filled and signed along with self-attested and dated  supporting documents can be submitted to the RTA across the counter/ by post/  through courier; or
• Soft copies: Through e-mail address already registered with the RTA, with e-sign of scanned copies of documents. The forms and supporting documents e-signed with date should be sent at kyc@tcplindia.co.in

Shareholders are also requested to link their PAN with Aadhaar card before March 31, 2022 or any other date as may be notified in this regard by Central Board of Direct Taxes. PAN linked to Aadhaar is only considered as valid and will be registered.  

As per SEBI circular, the folios wherein any one of the cited document / details are not available on or after April 01, 2023, shall be frozen by the RTA.

Effective April 1, 2020, dividend income is taxable in the hands of shareholders. Accordingly, if any resident individual shareholder is in receipt of dividend exceeding ₹5,000 in a fiscal year, entire dividend will be subject to TDS @ 10%, provided you have updated your Permanent Account Number (PAN) with the depository, else the TDS rate will be 20%.

Tax deduction would not be applicable to resident individual shareholder if total dividend to be paid during a financial year does not exceed ₹5,000. If dividend already paid in the financial year was below ₹5,000, however with subsequent dividend in the same financial year exceeds ₹5,000, then applicable rate of TDS on the dividend/s paid would be deducted, while paying the subsequent dividend/s.

Example 1, Ms. A is entitled for the following dividends from the Company in a financial year, TDS applicability will be as under:

^{All figures in (₹)}

Example 2, Mr. X is entitled for the following dividends from the Company in a financial year, TDS applicability will be as under:

^{All figures in (₹)}

Yes, the entire dividend will be subject to TDS for non-individual resident shareholders without any threshold limit. The tax deduction rate will be 10% provided the PAN is updated with the company or the depository and you are not falling under ‘specified person’ category as defined u/s 206AB of the Act as stated above, otherwise the TDS rate will be 20%.

In case of resident shareholders, the rate of TDS would not be increased by surcharge and cess.

Yes, you can approach to the company for non-deduction of tax at source. You will have to furnish a declaration in Form No. 15G/15H, as the case may be, to TCS-Exemptforms2223@tcplindia.co.in to the effect that the tax on his estimated total income of the previous year after including the income on which tax is to be deducted will be nil.

Please download form 15G/15H here:

• 15G
• 15H

Please submit the duly completed and signed form to TCS-Exemptforms2223@tcplindia.co.in

Please submit the duly complete and signed forms atleast 2 days before the Record date fixed for payment of dividend in order to verify and record the exemption from deduction of tax on source on dividend.

If the exemption forms are not submitted within the aforesaid time (Refer Investor Calendar / Dividend Payment Details), the same will be recorded for the subsequent dividends that may be declared by the Company during the year.

In case the shares are held in Demat form then the PAN needs to be updated with your Depository Participant, and in case shares held in Physical form with TSR Darashaw Consultants Private Limited at
csg-unit@tcplindia.co.in.

Shareholders can use the “View Your Tax Credit” (Form 26AS) facility available at www.incometax.gov.in. Please note the credit in form 26AS shall be reflected after TDS statement filed by company on a quarterly basis is processed by tax authority. Below are the navigation steps to be followed:

1. Go to the 'My Account' menu, click 'View Form 26AS (Tax Credit)' link.
2. Read the disclaimer, click 'Confirm' and the user will be redirected to TDS-CPC Portal.
3. In the TDS-CPC Portal, Agree the acceptance of usage, and click on ‘Proceed’.
4. Click 'View Tax Credit (Form 26AS)'

For non-resident shareholders, the rate of withholding tax is 20% (plus applicable surcharge and cess) as per the Act. In case of dividend to a non-resident shareholder having permanent establishment in India, falling under ‘specified person’ category u/s 206AB of the Act, will be subject to withholding at twice the applicable rate. However, where non-resident shareholder is eligible to claim the tax treaty benefit and the tax rate provided in respective tax treaty is beneficial than rate as per tax treaty would be applied. In order to avail tax treaty benefits, non-resident shareholders would be required to submit certain documents.

Please note that there is no threshold provided for which no tax will be withheld. Entire dividend is subject to withholding of tax.

Yes, in case of non-resident shareholders the rate of 20% would be increased by applicable Surcharge and Cess based on the status of the non-resident.

The rate of surcharge depends upon the status of the non-resident and its income.

For Non-resident Individuals the rate of surcharge is as under:

For Non-resident other than Individuals the rate of surcharge is as under:

Non-resident shareholders (including FIIs/FPIs) who are tax residents of countries which have signed Double Taxation Avoidance Agreement with India are eligible for a relief of concessional rate of TDS as per the Tax Treaty (if any).

Following documents are required for availing the concessional rate of withholding tax: 

• Tax Residency Certificate for the year in which dividend is received (to be issued by Revenue / Tax authorities of home country)
• Form 10F as per the format specified under Income Tax Act, 1961

(In pursuance of Notification no. 03/2022 dated 16th July 2022, non-resident shareholders are required to furnish Form 10F electronically on income tax portal with their login credentials at eportal.incometax.gov.in.

Non-resident shareholders who are not having Permanent Account Number (‘PAN’) in India or who are not required to obtain PAN in India is exempted from mandatory electronic filing of Form 10F, however they are required to submit the manual Form 10F duly signed along with a declaration of not having PAN or not required to obtain PAN in India in the attached format.)

Self Declaration for the year in which dividend is received. Principally, following should be covered in the self declaration

• Non-resident is eligible to claim the benefit of respective tax treaty
• Non-resident receiving the dividend income is beneficial owner of such income
• Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India.

Specimen of Form 10F and self declaration are attached below:

• Form 10F
• Steps to file Form 10F on income tax portal
• Declaration of not having PAN
• No PE and Beneficial Ownership Declaration – Corporate Shareholder
• No PE and Beneficial Ownership Declaration – Non-Corporate Shareholder

A non-resident willing to claim concessional rate benefit under the Treaty should submit the documents at the starting of every year or atleast 2 days before the Record date fixed for payment of dividend (Refer Dividend Payment Details) in order to verify and record the exemption from deduction of tax on source on dividend.

If the required documents are not submitted by the aforesaid time the same will be recorded for the subsequent dividends that may be declared by the Company during the year.

Shareholders can use the “View Your Tax Credit” (Form 26AS) facility available at www.incometax.gov.in. Please note the credit in form 26AS shall be reflected after TDS statement filed by company on a quarterly basis is processed by tax authority. Below are the navigation steps to be followed:

1. Go to the 'My Account' menu, click 'View Form 26AS (Tax Credit)' link.
2. Read the disclaimer, click 'Confirm' and the user will be redirected to TDS-CPC Portal.
3. In the TDS-CPC Portal, Agree the acceptance of usage, and click on ‘Proceed’.
4. Click 'View Tax Credit (Form 26AS)'