Maithan Alloys Limited has informed the Exchange regarding Tax Deducted at Source (TDS) on Second Interim Dividend for the Financial Year 2024-2025.
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Maithan Alloys has informed the exchange about the tax deducted at source (TDS) provisions applicable on its second interim dividend for FY 2024-2025. The board, at its meeting on 28th May 2025, declared a dividend of ₹7 per equity share on the face value of ₹10. The record date for identifying eligible shareholders is fixed as Friday, 6th June 2025. The filing details TDS rates for various shareholder categories: 20% for non-resident shareholders (or DTAA rate, whichever is lower), 10% for resident shareholders and mutual funds, and nil TDS for shareholders submitting valid Form 15G/15H or whose total dividend for the year does not exceed ₹10,000. Shareholders must submit required documents by 5th June 2025 to claim beneficial TDS treatment.
This is a routine compliance filing informing shareholders of tax withholding on the declared dividend. Investors should review the TDS rates and ensure PAN/Aadhaar linkage and bank details are updated before the record date to avoid higher tax deduction at 20%.