Communication regarding Tax Deducted at Source (TDS)on Interim Dividend for the Financial Year 2025-2026.
MAITHANALL · price
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Maithan Alloys Ltd has declared an interim dividend of Rs 11 per equity share (face value Rs 10 each) for FY 2025-26, as approved by the Board on May 16, 2026. The record date for determining eligible shareholders is May 22, 2026. The company will deduct TDS on the dividend as per Income Tax Act 2025 provisions. For resident individual shareholders, standard TDS rate is 10%, but no TDS applies if total dividend for the year does not exceed Rs 10,000 and PAN is provided. Non-resident shareholders face 20% TDS (plus surcharge and cess), though DTAA treaty benefits may be available with proper documentation. Mutual funds receive 70% TDS unless exempt under Section 11, while insurance companies and AIFs are taxed at 10%. Shareholders must submit required documents by May 25, 2026 to claim lower/nil TDS rates.
Shareholders will receive the net dividend after TDS deduction. Those with proper documentation and valid PAN can reduce TDS through declarations andForm 12B submissions. Non-residents need to submit DTAA-compliant documents including Tax Residency Certificate and Form 10F to claim treaty benefits.