Tata Chemicals Limited announces that the Board of Directors at their Meeting held on May 3, 2023 have declared a Final Dividend of INR 17.50/- per Ordinary Share of INR 10/- each (175%) for the Financial Year ended March 31, 2023. As you are aware, the Income Tax Act, 1961 (`the IT Act'), as amended by the Finance Act, 2020, mandates that dividends paid or distributed by a company after April 1, 2020 shall be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source at the time of making the payment of the Final Dividend, if declared at the Annual General Meeting of the Company to be held on Monday, June 26, 2023.