Mangalam Cement Limited has disseminated a letter containing the web-link to its Annual Report for the financial year ended March 31, 2026 (FY26), to shareholders who have not registered their email addresses with the company or depositories. This disclosure, made on July 29, 2026, is in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move ensures all equity holders have access to the company’s financial performance and governance details ahead of the upcoming Annual General Meeting.

The 50th Annual General Meeting (AGM) is scheduled for Friday, August 21, 2026, at 2:00 PM IST via Video Conference or Other Audio-Visual Means (VC/OAVM). Shareholders can access the Annual Report through the company’s website at mangalamcement.com under the Investor Relations section. The notice for the AGM has been sent electronically to members with registered email IDs, while physical letters with the web-link were dispatched to others.

The Board of Directors proposes a final dividend of ₹1.50 per equity share of face value ₹10 each for FY26. The record date for determining dividend entitlement is fixed for Friday, August 14, 2026. Shareholders are advised to submit tax exemption forms online by this date to avoid tax deductions at source. The dividend is expected to be paid on or after Tuesday, August 25, 2026.

In accordance with SEBI regulations effective April 1, 2024, shareholders holding shares in physical form must ensure their PAN, KYC details, and nomination choices are updated to receive dividends electronically. Pawan Kumar Thakur, Company Secretary & Compliance Officer, emphasized that folios lacking these updates will only be eligible for electronic dividend credits. Physical shareholders are requested to update their details via ISR forms submitted to the Registrar and Transfer Agent, MAS Services Ltd., before the cut-off date.

What the Numbers Show

The dissemination of the Annual Report provides transparency into Mangalam Cement’s operational and financial health for FY26. While specific revenue and profit figures are detailed within the report itself, the declaration of a ₹1.50 per share final dividend signals management’s confidence in cash flows. The strict adherence to SEBI’s digital dividend mandate underscores a broader industry shift towards dematerialization and streamlined shareholder servicing, reducing administrative overheads associated with physical cheques.

Shareholder Instructions

Remote e-voting will be available from Tuesday, August 18, 2026, at 9:00 AM IST until Thursday, August 20, 2026, at 5:00 PM IST via the NSDL e-voting platform. The cut-off date for voting eligibility is August 14, 2026. Members are advised to update their PAN and bank details with their Depository Participants or the RTA to avoid delays in dividend payment. Physical attendance is not permitted; all participation must occur through the VC/OAVM facility.

Mangalam Cement Ltd has detailed the Tax Deduction at Source (TDS) implications for the final dividend of Rs 1.50 per equity share recommended for the financial year 2025-26. The dividend, amounting to 15% of the paid-up equity capital, is subject to shareholder approval at the Annual General Meeting scheduled for August 21, 2026. The Board has fixed August 14, 2026, as the record date to determine eligibility, with payment scheduled on or after August 25, 2026.

Under the Income Tax Act, 2025, dividends are taxable in the hands of shareholders, and the company is mandated to deduct tax at source. The applicable TDS rates vary based on the shareholder's residential status and the submission of valid documentation. Shareholders must submit necessary forms, including PAN and specific declarations, to the Registrar and Transfer Agent by August 14, 2026, to ensure the correct tax rate is applied.

Resident shareholders with a valid Permanent Account Number (PAN) are subject to a 10% TDS rate, while those without PAN will face a 20% deduction. Certain categories are eligible for nil TDS, including resident individuals with total dividend income not exceeding Rs 10,000 in the financial year and those submitting valid exemption forms like Form 121. Resident non-individuals such as insurance companies, mutual funds, and Alternative Investment Funds (AIF) can also claim exemption by providing specific self-declarations and registration certificates.

Non-resident shareholders are subject to a withholding tax of 20% plus applicable surcharge and cess under domestic tax laws. However, they may claim benefits under Double Tax Avoidance Agreements (DTAA) by submitting a Tax Residency Certificate, PAN, and Form 41. For specified funds under Schedule VI of the IT Act, the TDS rate is 10%. The company emphasized that it is not obligated to apply beneficial DTAA rates unless the documents submitted are complete and satisfactory.

Failure to provide valid documentation or link PAN with Aadhaar may result in a higher TDS deduction of 20%. The company stated it is obligated to deduct tax based on records available with depositories or the Registrar and Transfer Agent and will not entertain requests for TDS revisions once processed. Shareholders are advised to ensure bank account details are updated in their demat accounts or physical folios to facilitate timely dividend credit.