Ratnamani Metals & Tubes has fixed Tuesday, August 11, 2026, as the record date to determine shareholder eligibility for a dividend of ₹10.00 per equity share. The dividend, recommended by the Board of Directors on May 15, 2026, amounts to 500% of the face value of ₹2.00 each and is payable for the Financial Year ended March 31, 2026. The payout is scheduled for on or before September 17, 2026, pending approval by shareholders at the 42nd Annual General Meeting on Tuesday, August 18, 2026.

In accordance with the provisions of the Income Tax Act, 2025, the company will deduct tax at source (TDS) on dividend payments. No tax will be deducted for resident individual shareholders if the total dividend distribution during the Financial Year 2026-27 does not exceed ₹10,000. The applicable TDS rate will vary based on the shareholder's category and residential status, relying on details available in the Register of Members or Beneficiary Position as on the record date.

Tax Deduction Rates for Residents

For resident shareholders, the TDS rate is determined by the validity of the Permanent Account Number (PAN) and specific exemptions. The following table outlines the applicable rates:

Certain resident entities, such as insurance companies, mutual funds, and Category I and II Alternative Investment Funds (AIFs), are eligible for nil TDS deduction upon submission of specific self-declarations and documentary evidence to the Registrar and Transfer Agent (RTA).

Guidelines for Non-Resident Shareholders

Non-resident shareholders face different withholding tax rates depending on their classification and documentation. Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) are subject to a 20% rate plus applicable surcharge and cess, or the tax treaty rate, whichever is beneficial. Alternative Investment Funds (Category III) located in International Financial Services Centres attract a 10% rate.

Sovereign wealth funds, pension funds, and subsidiaries of the Abu Dhabi Investment Authority notified under Schedule V to Section 11 of the Income Tax Act are eligible for nil deduction. Shareholders in Notified Jurisdictional Areas face a 30% tax rate. To avail of beneficial treaty rates, non-residents must provide a Tax Residency Certificate valid for the period April 1, 2026, to March 31, 2027, and digital Form 41.

Compliance and Document Submission

Shareholders must ensure their PAN, email address, mobile number, and bank account details are updated with their Depository Participant or the company's RTA. The company relies on the details available on the record date for tax compliance. Documents such as Form 121, Tax Residency Certificates, and self-declarations must be uploaded via the specified link on or before Monday, August 3, 2026. Communications received after this date will not be considered.

For the transfer of tax credit to beneficial owners, declarations under Rule 203 of the Income Tax Rules, 2026, must be submitted by August 3, 2026. The company has advised clearing members to ensure no shares remain in their accounts on the record date to facilitate direct credit to shareholder accounts.

Ratnamani Metals & Tubes promoters declared that no encumbrance was created over shares held by them during the financial year ended March 31, 2026. The confirmation was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure ensures that the shareholding structure remains free from pledged assets for the specified period.

The declaration was made by Shanti M. Sanghvi on behalf of the promoters and persons acting in concert. The filing addressed the BSE Ltd and the National Stock Exchange of India Ltd, confirming compliance with the regulatory requirement to disclose any encumbrance on promoter holdings.

The submission covered the promoter group entities listed in the annexure to the filing. The entities included individual promoters and a Hindu Undivided Family (HUF) entity.

The letter was addressed to the stock exchanges on April 3, 2026. A copy was also forwarded to the Audit Committee of the Board and the registered office of the company via email.