Maithan Alloys Limited has fixed Friday, May 22, 2026, as the record date to determine the eligibility of shareholders entitled to receive the interim dividend for the financial year 2025-2026. The Board of Directors had earlier approved the payment of an interim dividend of ₹11 per equity share of face value ₹10 each at their meeting held on May 16, 2026.

The interim dividend is subject to the deduction of tax at source (TDS) as per the provisions of the Income-tax Act, 2025. The company has outlined that the rate of TDS will vary based on the residential status and category of the shareholders. For Non-Resident Shareholders, the withholding tax is generally 20% plus surcharge and cess, unless they opt for benefits under the Double Tax Avoidance Agreement (DTAA) by providing necessary documentation. Resident Shareholders, such as Mutual Funds and Insurance Companies, are subject to a TDS rate of 10%, unless specific exemptions apply.

Shareholders are required to submit any necessary declarations or documents to avail of lower or nil TDS rates. Scanned copies of these documents must be sent via registered email to contact@mdp1corporate.com , with a copy to rajesh@maithanalloys.com , on or before Monday, May 25, 2026. The company emphasized that no communication regarding TDS determination or deduction will be entertained after this cut-off date.

The dividend will be paid electronically to the shareholders' bank accounts. Those holding shares in physical form and who have not updated their bank details are requested to do so with the Company's Registrar and Transfer Agents. Shareholders are advised to ensure their PAN details are valid and linked with Aadhaar to avoid higher TDS deduction.

The Board of Directors of Maithan Alloys , at its meeting held on 16th May, 2026, approved the re-appointment of auditors for the financial year 2026-2027. The board meeting commenced at 12:30 P.M. and concluded at 6:45 P.M. The appointments were made in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Appointments at a Glance

The Board approved two key auditor appointments for FY 2026-2027, as summarised below:

Internal Auditor: M/s. Akhileshwar Prasad & Co.

M/s. Akhileshwar Prasad & Co., Chartered Accountants, has been appointed as the sole internal auditor of Maithan Alloys for FY 2026-2027 under Section 138 of the Companies Act, 2013. This appointment follows the sale of all assets of the Byrnihat Unit of the Company. The firm brings over 30 years of professional experience and is registered with the Institute of Chartered Accountants of India under Firm Registration No. 323011E.

The firm's service portfolio includes:

• Audit & assurance
• Risk advisory
• Internal audit
• Tax consulting
• Business process re-engineering
• Ind-AS consultancy

Cost Auditor: M/s. S.K. Sahu & Associates

M/s. S.K. Sahu & Associates, Cost Accountants (Firm Registration No.: 100807), has been re-appointed as the Cost Auditor of Maithan Alloys for FY 2026-2027. The firm's remuneration has been fixed at Rs 60000/-, subject to approval of shareholders at the ensuing Annual General Meeting. The firm has over 17 years of experience in cost audit across multiple sectors, including Steel, Jute, Engineering, Chemical, Road & Infrastructure, and Health Care. It also undertakes verification and issuance of various certificates relating to Cost of Production and Local Content for industries and service sectors.

Regulatory Compliance

The disclosures pertaining to these appointments have been made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026. Neither of the appointed firms has any disclosed relationship with the directors of the Company.