Maithan Alloys outlines final dividend TDS details for FY2024-2025

Maithan Alloys Limited has communicated its final dividend for the financial year 2024-2025, recommending ₹6 per equity share of face value ₹10. The record date for determining eligible shareholders is Friday, September 19, 2025. The Register of Members and Share Transfer Books will be closed from Saturday, September 20, 2025, to Saturday, September 27, 2025.

Tax will be deducted at source (TDS) from this dividend. For non-resident shareholders, TDS will be at 20% (plus applicable surcharge and cess) or the Double Taxation Avoidance Agreement (DTAA) rate, whichever is lower, subject to the submission of required documents by Tuesday, September 30, 2025. These documents include a self-attested Tax Residency Certificate, Indian Tax Identification Number (PAN) or Rule 37BC declaration, Form 10F, and a self-declaration regarding permanent establishment and beneficial ownership.

Resident shareholders will face a 10% TDS, with exemptions for Mutual Funds and Insurance Companies upon self-declaration and submission of relevant registration certificates and PAN. Individual resident shareholders may also be exempt if their aggregate dividend does not exceed ₹10,000, or upon furnishing valid Form 15G/15H. A higher TDS rate of 20% will apply if a valid PAN is not available or linked with Aadhaar. All necessary documents must be sent via email to mdpldc@yahoo.com with a copy to rajesh@maithanalloys.com by September 30, 2025.