StockWatch
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Ferro & Silica Manganese
Dividend18 May 2026, 03:56 pm

Maithan Alloys: TDS on Interim Dividend FY26

AI Summary

Maithan Alloys Ltd announced details regarding Tax Deducted at Source (TDS) on the interim dividend for the financial year 2025-2026. The Board declared an interim dividend of ₹1 per equity share (face value of ₹10 each). The record date for determining eligible shareholders is May 22, 2025. The company will deduct TDS at prescribed rates based on the residential status and category of shareholders, as per the Income-tax Act, 2025. Non-resident shareholders can avail benefits under the Double Tax Avoidance Agreement (DTAA) by submitting required documents.

Key Highlights

  • Interim dividend of ₹1 per share declared for FY26.
  • Record date for interim dividend is May 22, 2025.
  • TDS will be deducted as per Income-tax Act, 2025.
  • Non-resident shareholders can claim DTAA benefits.
  • TDS rate for FIIs/FPIs is 20% plus surcharge and cess unless SEBI registration is provided.