Maithan Alloys Limited Announces Interim Dividend of ₹1.00 Per Share for FY 2025-2026
Maithan Alloys Limited announced the declaration of an interim dividend of ₹1.00 per equity share, which has a face value of ₹10 each, for the financial year 2025-2026. The dividend was declared by the Board of Directors during a meeting held on May 16, 2026.The company fixed May 22, 2025, as the record date for the purpose of determining the names of persons entitled to the interim dividend. The dividend will be paid to members whose names appear in the Company's Register of Members, or to persons whose names are provided as the Beneficial Owner by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as of the record date.
Tax Implications and TDS Deduction
The payment of the interim dividend is subject to Tax Deducted at Source (TDS) according to the provisions of the Income-tax Act, 2025. The applicable TDS rate depends on the residential status and category of the shareholder.The rate of TDS varies significantly for Non-Resident and Resident shareholders, as detailed below.
TDS Applicable to Non-Resident Shareholders
For non-resident shareholders, the tax withholding rate is determined based on the shareholder's category:| Category of Shareholders | TDS Rate/Exemption Applicability |
|---|---|
| Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs) | TDS is required to be withheld/deducted at 20% (plus applicable surcharge and cess) on the amount of dividend, unless a valid self-attested copy of the SEBI registration certificate is provided. |
| Any entity entitled exemption from TDS | TDS is not required if valid self-attested documentary evidence (such as a relevant copy of a registration order from Indian tax authorities) is submitted and acceptable to the Company. |
| Other Non-resident Shareholders (including Foreign Companies, NRI, Foreign Nationals and other Foreign Entities) | TDS is generally required at a rate of 20% (plus applicable surcharge and cess). To benefit from a favorable Double Tax Avoidance Agreement (DTAA) treaty rate, shareholders must provide required documents such as a self-attested Tax Residency Certificate and an electronically generated Form-41. |
TDS Applicable to Resident Shareholders
The TDS deduction for resident shareholders is governed by the following structure:| Category of Shareholders | TDS Rate/Exemption Applicability |
|---|---|
| Mutual Funds | TDS is required to be deducted at the rate of 70%. No TDS is required if a self-declaration is provided stating eligibility or exemption under Schedule VII of Section 11, along with supporting SEBI and PAN certificates. |
| Insurance Companies | TDS is required to be deducted at the rate of 10%. No TDS is required if a self-declaration confirming full beneficial interest is provided, along with supporting IRDAI and PAN certificates. |
| Category I and II Alternative Investment Fund (AIF) | TDS is required to be deducted at the rate of 10%. No TDS is required if a self-declaration confirms establishment as a Category I or Category II AIF and eligibility under Schedule V of Section 11. |
| Other Resident Shareholders | TDS is generally required to be deducted at the rate of 10% on the amount of dividend payable, unless exempt. NIL or lower TDS may be deducted based on submitting valid declarations, including those supporting exemption or a valid certificate issued under section 395(1) of the Act. |
Payment Details
The dividend will be paid electronically into the shareholders' bank accounts. Shareholders are advised to ensure their bank details are updated with their depository participants for timely credit of the dividend.MAITHANALL Stock Price Movement
Maithan Alloys Limited shares closed today, shedding ₹33.80 or 3.38% to settle at ₹964.9. The equity recorded a trading volume of 45,670 shares, finishing near its intra-day low of ₹951.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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