mumbai tata motors shareholders have questioned the companys leadership on goals for dividend payments even as they lauded the managements commitment to make the company debtfree by fiscal 2024 the flagship of indias largest conglomerate the tata group hasnt paid dividends to shareholders for the last five fiscals at tata motorss 76th agm on friday shareholder hiranand kotwani asked when the company would pay dividends though it is heartening to know that the company is sticking to its target of bringing the automotive debt to zero by fiscal 2024 are we going to get dividends then kotwani asked another shareholder smita shah remarked that the companys share price is doing good but please think about dividends too longtime shareholder adil irani said i do mind if i dont get a dividend responding to the shareholders tata motors chairman n chandrasekaran said we understand your concerns about dividend we too have that concern we want to make tata motors a dividendpaying company companies pay dividends out of profits or from reserves of accumulated profits to pay dividends from the reserves of accumulated profits shareholders approval is required tata motors was in the red for the last three fiscals at last years shareholder meeting tata motors had declared that it would become debtfree by fiscal 2024 though tata motors has managed to reduce the net automotive debt by rs 7300 crore to rs 40900 crore in fiscal 2021 its financial obligations shot up to rs 61300 crore by juneend but the management is confident of reducing the debt as it expects improved cash flows from the business as the impact of the pandemic recedes with more people getting vaccinated we expect demand to remain strong with consumer preference shifting towards personal mobility the chairman informed shareholders the supply situation however is expected to be adversely impacted for the next few months due to disruptions from covid lockdowns in india and semiconductor shortage worldwide chandrasekaran said adding that this will impact production volumes sales and margins in the near term we expect the situation to improve in the second half of fiscal 2022