Date: 22 September, 2026

Dividend Declaration

  • Board recommended final dividend of ₹6 per equity share (face value ₹10) for financial year 2025-2026
  • Dividend subject to approval at 41st Annual General Meeting (AGM)
  • Record date fixed for Monday, 21 September, 2026 to determine eligible shareholders
  • Dividend will be paid electronically to shareholders' bank accounts

TDS Framework Overview

  • Dividend taxable in hands of shareholders under Income-tax Act, 2025
  • Company required to deduct TDS at prescribed rates
  • Rates vary based on residential status, shareholder category, and documents submitted
  • Deadline for document submission: Thursday, 1 October, 2026
  • No communication on tax determination/deduction entertained after 1 October, 2026

TDS for Non-Resident Shareholders

Foreign Institutional Investors/Foreign Portfolio Investors (FIIs/FPIs)

  • TDS deducted at 20% plus applicable surcharge and cess
  • Exemption if valid self-attested SEBI registration certificate provided

Entities Entitled to Exemption

  • No TDS if valid self-attested documentary evidence of exemption submitted
  • Evidence must include relevant registration order from Indian tax authorities

Other Non-Resident Shareholders (Foreign Companies, NRI, Foreign Nationals)

  • Default withholding tax at 20% plus applicable surcharge and cess
  • To avail DTAA benefits, must provide:
  • Self-attested Tax Residency certificate from country of residence
  • Self-attested Indian PAN (if allotted)
  • Electronically generated Form-41 from income tax portal
  • Self-declaration of DTAA eligibility and beneficial ownership
  • For Singapore tax residents: Additional requirement to furnish letter/evidence demonstrating non-applicability of Article 24 (Limitation of Relief) under India-Singapore DTAA
  • Form 47 in digital format mandatory for non-residents with PAN in India or required to obtain PAN

TDS for Resident Shareholders

Mutual Funds

  • TDS rate: 10%
  • Exemption if self-declaration of eligibility under Schedule VII of Section 11 of Act provided, along with self-attested SEBI registration certificate and PAN card

Insurance Companies

  • TDS rate: 10%
  • Exemption if self-declaration of full beneficial interest provided, along with self-attested IRDAI registration certificate and PAN card

Category I and II Alternative Investment Fund (AIF)

  • TDS rate: 10%
  • Exemption if self-declaration of establishment as Category I/II AIF under SEBI Regulations and eligibility for exemption under Schedule V of section 11 provided, along with self-attested registration certificate and PAN card

New Pension System Trust

  • No TDS if declaration provided with valid self-attested documentary evidence of exemption under Act and regulation under Indian Trusts Act, 1882, along with self-attested PAN card

Other Entities Entitled to Exemption

  • No TDS if valid self-attested documentary evidence of TDS exemption submitted

Other Resident Shareholders

  • TDS rate: 10% on dividend payable unless exempt under Act provisions
  • No TDS if aggregate dividend during financial year to individual shareholders does not exceed ₹10,000/- and PAN card provided/available
  • No TDS on furnishing valid Form-12B along with self-attested PAN card (if eligibility conditions satisfied)
  • NIL/lower TDS on submission of self-declaration with supporting documentary evidence and self-attested PAN card
  • NIL/lower TDS on submission of valid certificate issued under section 395(1) of Act for lower/nil deduction or exemption certificate from income tax authorities along with declaration

PAN Compliance Requirements

  • TDS deducted at 20% for shareholders without PAN, invalid PAN, PAN not linked with Aadhaar, or PAN not registered in account
  • Company relies on information verified through Income Tax website utility
  • Shareholders without updated PAN considered 'specified persons'
  • Shareholders must ensure Aadhaar linked with PAN as per prescribed timelines
  • Unlinked PAN considered inoperative, resulting in 20% TDS rate
  • For multiple accounts under single PAN: Highest applicable tax rate applied to entire holding

Shareholder Actions Required

  • Documents must be sent via registered email ID to contact@mdplcorporate.com with copy to lajesh@maithanalloys.com by 1 October, 2026
  • For dividend income assessable to person other than registered shareholder: Declaration with details of actual person (name, address, PAN) and reasons must be provided by 1 October, 2026
  • Demat shareholders must update bank details with depository participants
  • Physical shareholders must update bank details with Registrar and Transfer Agent: M/s. Maheshwari Datamatics Pvt. Ltd., 23 R.N. Mukherjee Road, 5th Floor, Kolkata - 700001 using forms ISR-1 and ISR-2 available at https://www.maithanalloys.com/share-transfer/

Disclaimer and Liability

  • Communication provides summarized tax provisions only, not complete analysis
  • Shareholders should consult own tax advisors
  • No claim against Company for taxes deducted
  • Shareholders responsible for indemnifying Company against any income tax demands arising from misrepresentation, inaccuracy, or omission of information