Dividend Recommendation and Key Dates

The Board of Directors, at its meeting held on 27th May 2026, recommended a final dividend of Rs. 3.00 per equity share (face value Rs. 10 each) for the year ended 31st March 2026. This is subject to approval by shareholders at the ensuing Annual General Meeting (AGM) scheduled for 20th August 2026.

  • The Register of Members and Share Transfer Books will be closed from Friday, 14th August 2026, to Thursday, 20th August 2026 (both days inclusive) to determine eligibility for the dividend.
  • The dividend will be paid to members whose names are on the company's register as of Thursday, 13th August 2026, and to beneficial owners as per details from NSDL and CDSL as of the close of business on that same date.
  • If approved, the dividend will be paid within 30 days from the date of the AGM (20th August 2026).

TDS Applicability and General Provisions

As per the Income Tax Act, 2025 (amended by the Finance Act, 2026), dividend income is taxable in the hands of shareholders, and the company is obligated to deduct TDS at applicable rates.

SEBI mandates that all dividend payments to security holders (in physical form) be made only through electronic mode effective from 1st April 2024. This requires shareholders to furnish PAN, nomination choice, contact details, mobile number, bank account details, and specimen signature. Dividend will be withheld if KYC details are not updated.

Shareholders holding shares in physical form must update their KYC with the company's Registrar and Transfer Agent (RTA), M/s. Maheshwari Datamatics Pvt. Ltd., 23 R.N. Mukherjee Road, 5th Floor, Kolkata-700001, by sending duly completed Forms ISR 1, ISR 2, and Choice of nomination with a signature attested by their banker, along with a cancelled cheque leaf. If the name is not printed on the cheque, a bank-attested copy of the passbook or statement is required.

Dematerialized shareholders must keep their bank details updated with their Depository Participants (DPs).

Detailed TDS Rates and Documentation Requirements

1. For Resident Members

| Srl | Particulars | Rate | Documents Required |

| (a) | Dividend amount does not exceed Rs. 10,000 in aggregate during the financial year. | NIL | None |

| (b) | With PAN (dividend exceeding Rs. 10,000) | 10.0% | PAN, updated/verified residential status. To be updated with depositories (demat) or with RTA Maheshwari Datamatics (physical). Link: https://mdpl.in |

| (c) | Without PAN/Invalid PAN | 20% | None specified |

| (d) | PAN not linked with Aadhaar | 20% | None specified |

| (e) | Submitting Form 12B (for individuals over 60 years claiming exemptions) | NIL | Declaration in Form No. 12B. Link: https://mdpl.in |

| (f) | Submitting Order under Section 197 of the Income Tax Act, 2025 | Rate provided in the Order | Lower/NIL withholding tax certificate from tax authority. Link: https://mdpl.in |

| (g) | Mutual Funds specified under clause (23D) of Section 10 | NIL | Self-declaration of eligibility under Section 10(23D), self-attested PAN copy, and registration certificate. Link: https://mdpl.in |

| (h) | An Insurance Company exempted under Sec. 194 of the Income Tax Act, 2025 | NIL | Self-declaration of beneficial ownership and documentary evidence per Explanation 1 of section 115UB, plus declaration that dividend income is exempt under Section 10(23FBA) and that they are a Category I or II AIF. Link: https://mdpl.in |

| (i) | New Pension System Trust | NIL | Self-declaration as NPS trust with income eligible for exemption under section 393(9), along with self-attested PAN copy. Link: www.mdpl.in |

| (k) | Other Resident shareholders exempted via statutory circular/notification | As per exemption | Self-attested copy of supporting exemption evidence along with self-attested PAN copy. Link: www.mdpl.in |

  • Valid PAN is mandatory. An invalid PAN will result in TDS at 20% under Section 206AA.
  • Aadhaar must be linked with PAN as per prescribed timelines; failure will render PAN inoperative and trigger a 20% TDS rate.
2. For Non-Resident Members

| Srl | Particulars | Applicable Rate | Documents Required |

| (a) | General | 20% (plus applicable surcharge and cess) | Update/verify PAN and residential status. |

| (b) | Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) | 20% (plus applicable surcharge and cess) | Self-Attested Copy of SEBI Registration Certificate. |

| (c) | Other Non-resident Shareholders opting for DTAA benefits | Tax Treaty Rate (whichever is less) | 1) Copy of Indian PAN. 2) Tax Residency Certificate (TRC). 3) Form 10F. 4) Self-declaration covering tax residency, DTAA eligibility, beneficial ownership, and no permanent establishment in India. For Singapore residents, evidence demonstrating non-applicability of Article 24 of India-Singapore DTAA. Link: https://mdpl.in |

| (d) | Submitting Order under Section 197 of the Income Tax Act, 2025 | Rate provided in the Order | Lower/NIL withholding tax certificate from tax authority. Link: https://mdpl.in |

  • The company is not obligated to apply beneficial DTAA rates automatically; it depends on a satisfactory review of submitted documents.
  • TDS for FIIs/FPIs is fixed at 20% (plus surcharge and cess) and will not be reduced by DTAA or lower tax deduction orders.

Submission Deadlines and Procedures

All documents (PAN, Form 12B, Form 10F, self-declarations, etc.) must be submitted exclusively through the provided links on the RTA's portal (https://mdpl.in or www.mdpl.in).

  • Deadline: All links will be disabled after 23:59 hours on 13th August 2026.
  • Documents submitted via email, hand delivery, or any other method will not be considered.
  • For joint holdings, the first-named shareholder must furnish the requisite documents.
  • Documents must be submitted for the current financial year (2026-27) even if submitted previously; prior submissions will not be considered.
  • Scanned copies of self-attested documents (with "certified true copy of the original" statement) are accepted. The company may request originals later.
  • For shareholders with multiple accounts under a single PAN, the highest applicable tax rate among the statuses will be applied to the entire holding.

Post-TDS Process and Disclaimers

  • The company will email a soft copy of the TDS certificate to the member's registered email ID post-dividend payment.
  • TDS credit will be visible in Form 26AS, available for download from https://www.incometax.gov.in.
  • TDS will be deducted based on records from NSDL, CDSL, or the RTA. No requests for revision of the TDS return will be entertained.
  • If tax is deducted at a higher rate, shareholders can claim a refund by filing their income tax return. No claim shall lie against the company.
  • As per Rule 37BA of the Income Tax Rules, 1962, if dividend income is assessable in the hands of a person other than the deductee, a declaration must be filed with the company.
  • This communication is a summary of tax provisions and not exhaustive. Shareholders are advised to consult their own tax advisors.

Registrar and Transfer Agent (RTA) Details

M/s. Maheshwari Datamatics Pvt. Ltd.

23 R.N. Mukherjee Road, 5th Floor

Kolkata - 700001