Ador Welding Limited has recommended a dividend of ₹23 per equity share, or 230% of the face value of ₹10 each, for the financial year ended March 31, 2026. The recommendation was made by the Board of Directors at its meeting held on April 29, 2026. This payout is subject to the approval of shareholders at the ensuing 73rd Annual General Meeting scheduled for July 23, 2026. The dividend will be paid to shareholders holding shares in electronic or physical form as on the record date of July 16, 2026.

The company has communicated the applicable Tax Deduction at Source (TDS) provisions under the Income-tax Act, 2025, as amended by the Finance Act, 2026. For resident shareholders with a valid Permanent Account Number (PAN), tax will be deducted at 10% on the dividend amount. If the PAN is invalid, inoperative, or not registered, the TDS rate increases to 20% under Section 397 of the Act. Resident individuals are exempt from TDS if the total dividend during FY26-27 does not exceed ₹10,000 or if they furnish Form 121, provided eligibility conditions are met.

Resident non-individual entities such as insurance companies, mutual funds, and Alternative Investment Funds (AIFs) can claim exemption by submitting specific declarations and registration documents. For non-resident shareholders, the withholding tax rate is 20% plus applicable surcharge and cess. They may opt for lower or nil withholding by providing a certificate under Section 395 of the Act or by availing benefits under the Double Tax Avoidance Agreement (DTAA), subject to the submission of a Tax Residency Certificate and other required documents.

To facilitate the determination of the appropriate withholding tax rate, shareholders must submit necessary documents, such as Form 121 and declarations under Section 393(5), by July 3, 2026. The company specified that documents received after this cut-off period may not be accepted. Shareholders seeking lower withholding certificates must ensure the certificate is issued against the company's TAN, MUMA20507E.

Ador Welding also highlighted that tax will be deducted at a higher rate of 20% if the PAN is not linked with Aadhaar, as per Section 262 of the Income Tax Act. Shareholders can view their tax credit in Form 168 on the TRACES portal or the Income Tax Department's e-filing website. Additionally, the company advised shareholders to update their bank account details in their demat accounts or physical folios to ensure timely dividend credit, noting that dividends for physical shareholders are mandated to be paid only via electronic mode from April 1, 2024.

Applicable TDS Rates for Shareholders

Pravena Krishna Mathur, a promoter of Ador Welding , has confirmed that she and persons acting in concert have not created any encumbrance, either directly or indirectly, on the shares held by them during the financial year 2025-26. This disclosure ensures that the promoter's shareholding remains free from charges or liens, which is critical for maintaining transparency in shareholding patterns.

The confirmation was submitted to the stock exchanges on April 1, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on their holdings to safeguard shareholder interests.

The filing was addressed to BSE Ltd. and the National Stock Exchange of India Ltd., with a copy marked to the Chairman of the Audit Committee of Ador Welding Limited. The confirmation covers both direct and indirect encumbrances, providing a comprehensive view of the promoter's financial commitments regarding the company's shares.