Dividend Declaration

The Board of Directors of Gillette India Limited, at its meeting held on May 27, 2026, declared a final dividend of ₹60 per equity share (face value of ₹10 each) for FY 2025-26. This dividend payment is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The dividend will be payable to shareholders whose names appear in the Register of Members or in the records of the Depositories as beneficial owners as on the Record Date (which is to be announced).

TDS Framework

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

Key Deadlines

Shareholders must submit all required forms and documents to claim exemption or lower TDS rates by August 14, 2026 (5 PM). Incomplete or late submissions will not be considered.

TDS Procedures for Resident Shareholders

The company provided a detailed table outlining TDS rates and document requirements for resident shareholders:

| Particulars | Applicable Rate | Documents Required |

| Total dividend ≤ ₹10,000 | Nil | None |

| Valid Form 121 furnished | Nil | Duly signed Form 121, meeting eligibility conditions |

| PAN available | 10% | Updated PAN details with depository/RTA |

| PAN not available/Invalid | 20% | None |

| LIC, GIC, Other Insurers | Nil | Self-attested copy of valid IRDAI registration certificate |

| Persons covered u/s 393 (e.g., Mutual Funds, Govt.) | Nil | Self-attested SEBI registration/evidence of coverage u/s 393 |

| Lower/NIL withholding certificate u/s 395 | Rate in Order | Certificate from tax authority |

| Category I & II Alternative Investment Fund | Nil | Self-attested copy of valid SEBI registration certificate |

Important Note on Form 121: The new Form 121 (earlier Form 15G/15H) requires individual shareholders to provide details of income tax returns filed for the previous two tax years, including acknowledgement numbers and returned income.

TDS Procedures for Non-Resident Shareholders (including FII/FPI)

The standard TDS rate for non-resident shareholders is 20% plus applicable surcharge and cess. However, they can avail a lower rate under the Double Taxation Avoidance Agreement (DTAA) by submitting the following documents:

1. Self-attested copy of Indian PAN card (or a substitute** if no PAN).

2. Self-attested copy of a Tax Residency Certificate (TRC).

3. Copy of Form 41 filed electronically on the Indian Income Tax Portal.

4. A self-declaration (draft provided) covering:

  • Tax residency status.
  • Eligibility for DTAA benefits.
  • Beneficial ownership of dividend income.
  • That income is not connected to a Permanent Establishment (PE) in India.

Substitute for PAN: Tax Identification Number (TIN) from the country of residence. If unavailable, a unique identification number issued by the government.

The company clarified that applying beneficial DTAA rates is contingent upon a satisfactory review of the completeness of submitted documents.

TDS in Specified Cases (PAN-Aadhaar Linking)

As per section 262 of the Income Tax Act, if a PAN is deemed invalid/inoperative due to non-linking with Aadhaar, TDS will be deducted at the higher of: the relevant provision rate, the rates in force, or 20%.

The company will use the Income Tax Department's compliance check utility to validate PANs.

Declaration under Rule 203

If dividend income is assessable in the hands of a person other than the registered shareholder (deductee), a declaration under Rule 203 must be filed with the company by August 14, 2026, to enable the company to report TDS in the name of the beneficial owner.

General Instructions & SEBI Directives

  • Shareholders must update their details (tax residency status, PAN, email, mobile number) with their Depository Participants (demat holders) or the Registrar and Transfer Agent (RTA), MAS Services Limited (physical holders).
  • The RTA's email for submission is investor@masserv.com.
  • TDS certificates will be emailed to registered email IDs. Credit will be visible in Form 168 on the e-filing portal (https://incometaxindiaefiling.gov.in).
  • In line with SEBI directives, shareholders holding physical shares must update their PAN, contact details, bank account details, and specimen signatures with the RTA. Without these KYC details, they will only be eligible to receive payments via electronic mode.
  • The company disclaims any liability for higher TDS deductions due to non-receipt of documents and directs shareholders to claim refunds via their income tax returns. Shareholders are responsible for indemnifying the company against any demands arising from misrepresentation.

RTA Contact Information

MAS Services Limited

T-34, 2nd Floor, Okhla Industrial Area, Phase – II

New Delhi - 110020

Company Contact: investorgil.im@pg.com

Disclaimer

The communication is not tax advice, and shareholders are advised to consult tax professionals.