Atam Valves Limited Dividend TDS Intimation to Shareholders

Date: August 29, 2026

The Board of Directors, at its meeting held on May 25, 2026, recommended a dividend of ₹0.35 per equity share of face value ₹10 each for the Financial Year ended March 31, 2026.
The dividend payment is subject to approval by shareholders at the ensuing Annual General Meeting (AGM) scheduled for September 24, 2026.
The dividend will be payable to shareholders whose names appear in the Register of Members or depository records as of the record date (which is not explicitly stated in the document but implied to be set for AGM).

TDS will be deducted at 10% under Section 393(1) read with Section 393(4) of the Income-tax Act, 2025 if shareholders have registered a valid PAN.
TDS will be deducted at 20% under Section 397(2) if shareholders do not have PAN, have an invalid PAN, PAN not linked with Aadhaar, or are classified as a specified person.
No TDS will be deducted for resident individuals if the total dividend during FY 2026-27 does not exceed ₹10,000 or if they provide Form 121 (declaration of nil tax liability) or an exemption certificate from the Income-tax Department.
Resident non-individuals (e.g., insurance companies, mutual funds, AIFs, NPS Trust) must submit self-declarations and supporting documents (as per Annexure 2) to claim exemption from TDS.
Lower or nil TDS deduction is possible if shareholders provide a certificate under Section 395(1) of the Act.

TDS will be withheld at 20% (plus applicable surcharge and cess) under Sections 393(2) and 207(1) of the Act.
Non-residents can opt for beneficial rates under the Double Tax Avoidance Agreement (DTAA) if they submit:
Self-attested PAN copy (or name, email, contact number, tax ID, and address in country of residence if PAN not available)
Self-attested Tax Residency Certificate (TRC) for calendar year 2026 or tax year 2026-27
Form 41 filled electronically on the income tax portal
Self-declaration of no Permanent Establishment/fixed base in India (as per Annexure 4)
For FIIs/FPIs, SEBI registration certificate
For Singapore residents, evidence demonstrating non-applicability of Article 24 (Limitation of Relief) under India-Singapore DTAA
The company is not obligated to apply DTAA rates and will do so only upon satisfactory review of documents submitted.

PAN-Aadhaar linking is mandatory. If PAN is inoperative due to non-linking, TDS will be deducted at 20%.
Shareholders with multiple accounts under different statuses/categories but a single PAN (or without PAN) will have TDS applied at the highest applicable rate on their entire holding.
Shareholders must submit all required documents (Forms 121, declarations, certificates) via email to cs@atamfebi.com on or before September 15, 2026. Documents received after this date may not be considered.
If TDS is deducted at a higher rate due to lack of documentation, shareholders can claim a refund by filing an income tax return.

Update tax residential status, PAN, email address, mobile numbers, and other details with depositories through depository participants before the record date.
Ensure bank account details are updated in demat accounts to facilitate direct credit of dividend.
Submit all required TDS-related documents by the deadline of September 15, 2026.

The communication is not tax advice. Shareholders should consult tax professionals for their tax matters.
The company will not be liable for any claims regarding TDS deducted.

Annexure 1: Form 121 for declaration under Section 393(6) for receipt of income without TDS deduction
Annexure 2: Declaration regarding category and beneficial ownership of shares (for resident non-individuals)
Annexure 3: Information required under Rule 217(2) for relaxation from higher TDS deduction (for non-residents without PAN)
Annexure 4: Letter for declaration of no Permanent Establishment in India (for non-residents claiming DTAA benefits)
Annexure 5: Declaration under Rule 203 for cases where income is assessable in the hands of a person other than the deductee