Tata Consumer Products 63rd AGM: ₹10 Dividend Per Share Declared, All 6 Resolutions Pass
Mumbai: Tata Consumer Products Limited (BSE: 500800 | NSE: TATACONSUM) held its 63rd Annual General Meeting on Wednesday, June 10, 2026 via video conferencing, with all six resolutions on the agenda passing with requisite majority. The company filed detailed voting results with exchanges on June 11, 2026.
A total of 8,21,502 shareholders were on record as of the June 3, 2026 cut-off date, of which 166 attended via VC — 14 from the promoter group and 152 from the public.
Resolution-wise Voting Results
Resolution 1 — Adoption of Standalone Financial Statements (FY2025-26) Passed with 99.99% votes in favour. Only 17 members cast 58,635 votes against out of over 72 crore votes polled. Promoters voted 100% in favour.
Resolution 2 — Adoption of Consolidated Financial Statements (FY2025-26) Passed with 99.99% votes in favour — near-identical outcome to Resolution 1, with the same 17 dissenting members.
Resolution 3 — Declaration of ₹10 Dividend Per Share Passed with 99.9995% votes in favour — the cleanest result of the meeting. Only 15 members voted against with 3,919 votes. The ₹10 per equity share dividend on face value of ₹1 (1000%) represents a significant payout to shareholders for FY2025-26.
Resolution 4 — Re-appointment of Mr. Ajit Krishnakumar as Director Passed with 98.40% in favour — 1,946 members supported, 136 voted against with 1,15,59,801 votes. A 1.6% institutional dissent is worth noting though not alarming by governance standards.
Resolution 5 — Re-appointment of Dr. K. P. Krishnan as Independent Director (Second Term, 5 Years from October 22, 2026) This was the only Special Resolution on the agenda and required a 75% supermajority. It passed with 97.93% in favour — 1,925 members supporting versus 154 against with approximately 1.5 crore votes in opposition. Special resolutions need 75% approval; Dr. Krishnan cleared it comfortably.
Resolution 6 — Ratification of Cost Auditor Remuneration (M/s Shome & Banerjee for FY2026-27) Passed with 99.998% votes in favour — near-unanimous, with only 39 members casting 12,958 votes against.
Dividend Highlight
The ₹10 per share dividend declared at this AGM is the headline shareholder reward for FY2025-26 — representing a 1000% payout on the ₹1 face value equity share. With a total shareholder base of nearly 99 crore shares, the aggregate dividend outflow will run into thousands of crores — a reflection of the company's strong cash generation across its tea, coffee, salt, and food businesses.
Scrutinizer
The e-voting process was scrutinized by Dr. Asim Kumar Chattopadhyay, Practising Company Secretary, Kolkata. Remote e-voting ran from June 6 to June 9, 2026 via NSDL's platform, with AGM-day voting closing 15 minutes after the meeting concluded at 1:50 PM IST.