Maithan Alloys Limited has informed the Exchange about Communication regarding Tax Deducted at Source (TDS) on Interim Dividend for the Financial Year 2025-2026.
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Maithan Alloys Limited has declared an interim dividend of Rs 1 per equity share (face value Rs 10 each) for FY 2025-26. The Board approved this at their meeting on 16th May 2026, with 22nd May 2025 set as the record date to determine eligible shareholders. The company will deduct TDS on the dividend at prescribed rates varying by shareholder category: 10% for resident individual shareholders and certain entities, 20% for non-resident shareholders (FIIs, FPIs, foreign companies, NRIs), and 7-10% for specific categories like mutual funds and insurance companies. Non-resident shareholders can claim DTAA treaty benefits by submitting required documentation including Form 10F and tax residency certificates.
This is a standard procedural filing about tax withholding on dividends. The interim dividend of Rs 1 per share provides a small income return to shareholders, with the actual net dividend depending on applicable TDS rates based on shareholder category and submitted documentation.