CIE Automotive India Recommends ₹7 Dividend, Shareholders Must Meet Tax Deadline

CIE Automotive India Limited has recommended a dividend of ₹7 per equity share, pending shareholder approval at the company's upcoming Annual General Meeting (AGM).

Shareholders looking to benefit from lower Tax Deducted at Source (TDS) rates must submit necessary documentation, including their Permanent Account Number (PAN), updated Know Your Customer (KYC) details, and relevant declarations, by April 24, 2026. This submission is crucial for ensuring tax is deducted at the applicable, lower rates.

The company has set April 22, 2026, as the record date for determining eligible shareholders. The formal approval for the dividend payout is scheduled for the AGM on April 29, 2026.

Failure to provide the required documents by the April 24, 2026 deadline means shareholders will face higher TDS rates, potentially 20% or more including surcharge and cess. In such cases, any excess tax deducted will need to be claimed back by the shareholder through their individual income tax returns, as the company is not obligated to adjust late submissions.

CIE Automotive India is a significant player in the automotive components sector, known for producing metal, plastic parts, and lighting solutions. It operates as part of the global CIE Automotive group. The company competes in the Indian auto ancillary market alongside other key players such as Samvardhana Motherson International Ltd, Uno Minda Ltd, and Sona BLW Precision Forgings Ltd, where consistent shareholder returns are a common practice.