Maithan Alloys details TDS on ₹6 final dividend for FY26
- Final dividend of ₹6 per share declared for FY26
- Record date fixed as September 21, 2026
- Standard TDS rate is 10% for residents, 20% for non-residents
- Document submission deadline for TDS claims is October 1, 2026
- Higher 20% TDS applies if PAN is invalid or unlinked with Aadhaar
*this image is generated using AI for illustrative purposes only.
Maithan Alloys has communicated the tax deducted at source (TDS) provisions for its final dividend of ₹6 per share for FY26. The record date for determining eligible shareholders is September 21, 2026.
The company is required to deduct TDS from the dividend payment as per the Income-tax Act. The applicable rate varies based on the shareholder's residential status and category. Non-resident shareholders are subject to a 20% withholding tax rate, plus applicable surcharge and cess, unless they provide valid documentation to claim benefits under a Double Tax Avoidance Agreement (DTAA).
TDS rates for resident shareholders
For resident shareholders, the standard TDS rate is 10%. However, exemptions apply under specific conditions. Individual shareholders with a valid PAN will not face TDS if their aggregate dividend income during the financial year does not exceed ₹10,000. Mutual funds, insurance companies, and Category I and II Alternative Investment Funds (AIFs) are also subject to a 10% TDS rate unless they submit valid self-declarations and registration certificates proving exemption eligibility.
| Shareholder Category | TDS Rate | Exemption Condition |
|---|---|---|
| Resident Individuals | 10% | Nil if dividend ≤ ₹10,000 with PAN |
| Mutual Funds | 10% | Nil with valid SEBI cert & declaration |
| Insurance Companies | 10% | Nil with IRDAI cert & beneficial interest proof |
| Category I & II AIFs | 10% | Nil with SEBI reg cert & declaration |
| Non-Resident Shareholders | 20% | DTAA rates apply with valid docs |
Compliance deadlines and documentation
Shareholders seeking lower or nil TDS must submit required documents via email to the company's registered email IDs by October 1, 2026. This includes Tax Residency Certificates for non-residents, Form-41, and self-declarations for DTAAs. For residents, valid Form-121 or certificates issued under Section 395(1) of the Act must be provided.
Failure to provide a valid PAN, or having an invalid PAN not linked with Aadhaar, will result in TDS deduction at a higher rate of 20%. The company emphasized that no communication regarding tax determination will be entertained after the October 1 deadline. Dividend payments will be made electronically to bank accounts updated with depository participants or the registrar.
Historical Stock Returns for Maithan Alloys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | -4.87% | +1.83% | +6.38% | -14.98% | +6.17% |
How might the upcoming dividend payout influence Maithan Alloys' cash flow position and subsequent capital expenditure plans for FY27?
What impact will the October 1 documentation deadline have on the trading volume and price volatility of Maithan Alloys shares leading up to the September 21 record date?
How are institutional investors likely to adjust their portfolio allocations in Maithan Alloys given the specific TDS exemption requirements for Mutual Funds and AIFs?
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