Maithan Alloys: TDS on FY26 Final Dividend Announced

Maithan Alloys Ltd has issued a communication regarding Tax Deducted at Source (TDS) on the final dividend for the financial year 2025-2026. The Board of Directors had recommended a final dividend of ₹6/- per equity share for FY26, subject to approval at the 41st Annual General Meeting (AGM). The Record Date for determining eligible shareholders is Monday, September 21, 2026. The company will deduct TDS at prescribed rates from the dividend, as per the Income-tax Act, 2025. TDS rates will vary based on the residential status and category of shareholders. Non-Resident Shareholders will face a 20% withholding tax (plus surcharge and cess) but can opt for beneficial rates under Double Tax Avoidance Agreements (DTAA) by submitting necessary documents like a Tax Residency Certificate and Form 41.