Maithan Alloys Limited has announced that its Board of Directors, at their meeting held on May 16, 2026, declared an interim dividend of ₹11 per equity share. The company has fixed Friday, May 22, 2026, as the record date to determine the eligibility of shareholders for this dividend payment.

The dividend of ₹11 per share is on a face value of ₹10 each, amounting to 110%. The payment will be made to members whose names appear in the Register of Members or the list of beneficial owners maintained by NSDL and CDSL as on the record date. The company stated that the interim dividend will be paid on or after Friday, May 29, 2026.

Additionally, the Board of Directors recommended a final dividend of ₹6 per equity share of ₹10 each, equivalent to 60%, for the Financial Year 2025-26. This recommendation is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The company will intimate the record date for the final dividend and the date of the AGM after they are fixed by the Board. If approved, the final dividend shall be paid within 30 days of the conclusion of the AGM.

Tax Deduction Details

The company has notified shareholders that the dividend is taxable in their hands. Consequently, tax will be deducted at source (TDS) at applicable rates. The TDS rate varies based on the residential status and category of the shareholder, as well as the documents submitted.

Shareholders seeking lower or nil TDS rates are required to submit necessary declarations or documents via registered email to contact@mdpncorporate.com , with a copy to rajesh@maithanalloys.com , on or before Monday, May 25, 2026. The company specified that no communication regarding tax determination or deduction will be entertained after this deadline.

Maithan Alloys has announced two significant changes to its senior management structure, following a Board of Directors meeting held on 16th May, 2026. Acting on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. B. Venugopal Rao to Senior Management and the elevation of Mr. Amar Modi to the same level, both with effect from 16th May, 2026. The disclosures have been made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Senior Management Changes

The Board meeting, which commenced at 12:30 P.M. and concluded at 6:45 P.M., resulted in the formal recognition of two executives as members of the Company's Senior Management. The changes reflect the Company's ongoing efforts to strengthen its operational and commercial leadership. Both appointments are effective from the same date and carry terms lasting until retirement, resignation, or termination of employment, whichever occurs earlier.

The following table summarises the key details of both appointments:

Profile: Mr. B. Venugopal Rao

Mr. B. Venugopal Rao holds a diploma in Metallurgy and brings 25 years of overall experience in production management within the ferro alloys sector. He has been appointed as Senior General Manager (Operations) and will serve as Plant Head of Maithan Alloys' Visakhapatnam Unit. His appointment to Senior Management is in terms of Regulation 16(1)(b) of the Listing Regulations.

Profile: Mr. Amar Modi

Mr. Amar Modi is a member of The Institute of Chartered Accountants of India (ICAI) and possesses more than 18 years of experience spanning liaising, logistics, commercial operations, import documentation, accounting, and administrative activities. His elevation to Senior Management as DGM Commercial is also in terms of Regulation 16(1)(b) of the Listing Regulations. Neither executive has any disclosed relationship with the directors of the Company.