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Re:

Special Dividend Stocks: What’s Verified for TCS, JSW Dulux, Premco Global and Honda India Power

TCS and JSW Dulux special dividends are confirmed by company records, but the reported payouts for four other named Indian firms need qualification.
From TheFinanceBase Team3 min to read
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The headline promising five Indian firms offering extra payouts names six companies in its body and table—and two of its claims need qualification. Official records confirm TCS’s ₹46 special dividend and JSW Dulux’s ₹156 special interim dividend. The reviewed filings do not confirm the reported special-dividend amounts for Premco Global, Honda India Power Products, Indo Borax & Chemicals or Majestic Auto.

Which special dividend claims are confirmed?

Dividend type and status matter: an interim dividend is not automatically a special dividend, and a proposed final dividend is not yet a declared payout. The records below distinguish confirmed declarations from claims that remain unverified.

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Company What the reviewed records establish Status and record-date details
Tata Consultancy Services (TCS) ₹46 per share special dividend, separate from an ₹11 per share interim dividend in Q3 FY2025-26. Declared and paid; record date 17 January 2026, actual payment date 3 February 2026. TCS dividend history and NSE corporate actions distinguish the two dividend types.
JSW Dulux (formerly Akzo Nobel India Limited) ₹156 per share special interim dividend for FY2025-26. A separate ₹50 per share final dividend was recommended. The special interim dividend is recorded in the company’s FY2025-26 annual report. The proposed final dividend remains subject to shareholder approval; together, the two amounts make a recommended annual total of ₹206 per share. See the annual report and 13 May 2026 board outcome.
Premco Global The reviewed 30 July 2025 filing records a ₹4 per share first interim dividend. It does not establish the reported special dividend. Filing records 8 August 2025 as the record date for the first interim dividend; the special-dividend amount and date are unverified. The secondary report is internally inconsistent, giving ₹35 in its table and ₹36 in its text. See the company filing dated 30 July 2025.
Honda India Power Products The reviewed filing declares a ₹100 per share interim dividend for FY2025-26, not the reported ₹10 special dividend. Record date: 21 August 2025. The ₹10 special-dividend claim was not verified and could refer to a separate event. See the board outcome dated 12 August 2025.
Indo Borax & Chemicals Named in the report, but no corresponding primary declaration was confirmed in the records reviewed. Special-dividend amount, declaration status, record date and payment date are unverified.
Majestic Auto Named in the report, but no corresponding primary declaration was confirmed in the records reviewed. Special-dividend amount, declaration status, record date and payment date are unverified.

The Mint report’s title says five firms, while its body and table name six: TCS, JSW Dulux, Indo Borax & Chemicals, Premco Global, Majestic Auto and Honda India Power Products. Its company list is a lead, not sufficient evidence for every dividend type or amount. Read the report.

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What the confirmed payouts mean

TCS: special and interim are separate payments

TCS’s dividend history records both a ₹46 special dividend and a separate ₹11 interim dividend for Q3 FY2025-26. The ₹46 figure is not the quarter’s entire dividend when both events are considered. TCS describes its usual pattern as quarterly interim dividends, year-end final dividends and occasional special dividends.

JSW Dulux: separate declared and proposed amounts

JSW Dulux’s ₹156 special interim dividend should not be conflated with its ₹50 proposed final dividend. The company’s 13 May 2026 board outcome described ₹206 per share as the recommended total for FY2025-26, combining the special amount with the proposed final amount. The latter is subject to shareholder approval. Chairman Parth Jindal said the special dividend, “together with the special dividend of ₹156/- per share, takes the recommended total dividend for the financial year 2025-26 to ₹206/- per share.”

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How to check a special dividend before relying on a headline

Use the company or stock exchange corporate-action notice as the authority for the payout. Check these details before treating a figure as confirmed:

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  1. Dividend type: Confirm whether the filing calls it special, interim or final. Do not infer “special” from a large amount or a news headline.
  2. Amount per share: Match the declared figure to the primary notice. If reports disagree—as they do for Premco Global—do not choose one without the original declaration.
  3. Declaration status: Separate an approved or declared payout from a proposed dividend that still requires shareholder approval.
  4. Record date: Check the date specified by the company for determining eligible shareholders; a record date for one dividend does not establish a different dividend event.
  5. Payment date: Where the company reports it, distinguish the payment date from the record date.

For the less-verified company claims, the exact special-dividend amount, declaration date, record date and payment date are not established by the filings described here. An official company or exchange announcement is needed to confirm those particulars.

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