Ador Welding Limited has scheduled its 73rd Annual General Meeting for FY 2025-26. The meeting will be held on Thursday, July 23, 2026, at 11:30 AM IST through the electronic mode of Video Conferencing (VC). This decision aligns with regulatory directives issued by the Ministry of Corporate Affairs (MCA) regarding virtual meetings.

The company has complied with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by submitting copies of the newspaper publications to the exchanges. The advertisements conveying the meeting details were published in Business Standard (English) and Navshakti (Marathi).

Meeting Details

The regulatory submission references multiple General Circulars issued by the MCA, including No. 20/2020 and subsequent circulars dated May 5, 2022, April 13, 2020, and others through September 2025. These circulars govern the conduct of meetings through electronic means.

Vinayak M. Bhide, Company Secretary, confirmed the submission of the necessary documents to BSE Ltd. and the National Stock Exchange of India Ltd.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE045A01017/4f0edbb9ef1f46b8.pdf

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