Mangalam Cement Board Recommends ₹1.50 Dividend for FY26

The Board of Directors of Mangalam Cement Ltd has recommended a dividend of ₹1.50 per equity share (15%) for FY 2025-26. This recommendation awaits shareholder approval at the Annual General Meeting on August 21, 2026. The Record Date for determining eligible shareholders is August 14, 2026, with payment expected on or after August 25, 2026, if approved. The company also detailed the tax deduction at source (TDS) implications, noting that dividends are taxable in shareholders' hands. TDS will be 10% for shareholders with a valid PAN and 20% for those without. Exemptions are available for resident individuals with dividends below ₹10,000 or by submitting Form 121, and for specific resident non-individual entities like Insurance Companies, Mutual Funds, AIFs, and NPS Trust, provided they submit required documentation.