Maithan Alloys Limited informed that the Board of Directors of the Company at its meeting held on May 23, 2023 have recommended a dividend of INR 6 per equity share of INR 10 each (i.e. @60%), for the financial year 2022-23. The dividend as recommended by the Board of Directors of the Company is subject to the approval of shareholders at the upcoming Annual General meeting (AGM) of the Company scheduled to be held on September 26, 2023. The dividend, if approved at the upcoming AGM shall be paid, subject to deduction of tax at source, to the shareholders on or after September 26, 2023.

The Board of Directors of the Company decided to close the Register of Members and Share Transfer Books of the Company from September 20, 2023 to September 26, 2023 (both days inclusive) for the purpose of payment of dividends and the AGM for the financial year ended 31 March 2023.