Shares of TIM S.A. (TIMB) surged 5.35% in intraday trading on Tuesday, following an announcement regarding a recent Fiscal Council meeting that discussed key financial matters, including potential shareholder equity distribution.

The Brazilian telecommunications company revealed that its Fiscal Council convened on May 5, 2025, to deliberate on several crucial agenda items. While specific details were not fully disclosed, the meeting reportedly covered tax-related issues and discussions about shareholder equity distribution, which likely sparked investor interest and drove the stock's significant uptick.

This positive market reaction suggests that investors are optimistic about the potential outcomes of the Fiscal Council's decisions, particularly regarding any forthcoming shareholder benefits. As TIM S.A. continues to navigate the competitive telecommunications landscape in Brazil, such financial decisions could play a crucial role in maintaining investor confidence and supporting the company's long-term growth strategy.