Date: 29th June 2026

Dividend Declaration

The Board of Directors at its meeting held on 20th May 2026 recommended a dividend of Rs. 10 (Rupees Ten only) per equity share of the face value of Rs. 2 (Rupees Two only) each, i.e., at 500%, for the financial year ended 31st March 2026. This is subject to approval of the shareholders at the ensuing 79th Annual General Meeting of the Company and will be paid to the shareholders holding equity shares of the Company as on the record date/book closure dates.

TDS Procedures and Rates

For Resident Shareholders

  • Tax will be deducted at source @ 10% on the amount of dividend payable under Section 393(1) [Table Sr. No. 7] read with Section 393(4) [Table Sr. No. 10] of the Income-tax Act, 2025, unless exempted.
  • For Individuals, TDS will not apply if the aggregate total dividend paid during the tax year 2026-27 does not exceed Rs. 10,000/-.
  • No tax will be deducted if a shareholder provides a duly signed Form 121 under section 393(6), provided eligibility conditions are met.
  • NIL/lower tax deduction is available for specific categories upon submission of self-declaration and supporting documents (Annexure B):
  • i. Insurance companies
  • ii. Mutual Funds
  • iii. Alternative Investment Fund (AIF) established in India
  • iv. National Pension System Trust & other Shareholders
  • v. Corporation established by or under a Central Act exempt from income-tax
  • vi. Recognized Provident funds/ Approved Superannuation fund/Approved Gratuity Fund
  • vii. Business Trust
  • viii. Shareholders with a valid certificate under Section 395(1) for lower/nil deduction
  • If PAN is not available, invalid, or inoperative, tax shall be deducted @ 20% as per section 397.

For Non-Resident Shareholders (including FIIs and FPIs)

  • Withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) under Section 393(2) [Table Sr. No. 15 and 17].
  • Lower/nil rates are possible with a certificate issued under Section 395.
  • Non-resident shareholders can opt for DTAA benefits if more beneficial, by providing:
  • a. Self-attested copy of PAN (or details for non-availability)
  • b. Self-attested copy of valid Tax Residency Certificate (TRC) for 2026-27
  • c. Electronically filed Form 41 for the period 1st April 2026 to 31st March 2027
  • d. Self-declaration (Annexure D) certifying tax residency, beneficial ownership, DTAA eligibility, no PE in India, etc.
  • e. For FIIs/FPIs, self-attested SEBI registration certificate
  • f. For Singapore residents, evidence demonstrating non-applicability of Article 24 of India-Singapore DTAA
  • NIL/lower tax is available for:
  • a. Subsidiary of Abu Dhabi Investment Authority (ADIA) upon self-declaration (Annexure E)
  • b. Notified Sovereign Wealth Funds and Pension funds upon self-declaration (Annexure F(I) and F(II))
  • c. AIF Category III in IFSC upon self-declaration (Annexure G)
  • d. FPIs Category I upon self-declaration (Annexure H)

TDS Summary Table

| Sr. No. | Particulars | Rate of TDS |

| 1. | Resident individual shareholders receiving dividend up to Rs. 10,000/- | Nil |

| 2. | Resident individual shareholders submitting Form 121 and PAN | Nil |

| 3. | Other resident shareholders with valid PAN | 10% |

| 4. | Resident shareholders without PAN / PAN not linked with Aadhaar | 20% |

| 5. | Non-resident shareholders submitting relevant documents | Rate based on documents |

| 6. | Non-resident shareholders not submitting documents | 20% (plus surcharge and cess) |

| 7. | Submission of certificate under Section 395 | Lower/NIL rate |

General Instructions and Deadlines

  • Shareholders must provide all required details and documents not later than 31st July 2026.
  • Documents must be uploaded to KFin Technologies Limited at https://ris.kfintech.com/form15 or mailed to einward.ris@kfintech.com.
  • For joint shareholders, the first-named shareholder must furnish the documents.
  • No communication on tax determination/deduction will be considered after 31st July 2026.
  • Shareholders with multiple accounts under a single PAN will have the highest applicable tax rate applied to their entire holding.
  • Shareholders are urged to update their PAN, bank details, signature, mobile number, email ID, address, residential status, and category with their depositories or the RTA.
  • The company will rely on records from Depositories (demat) and RTA (physical) for TDS deduction.
  • Shareholders are responsible for indemnifying the company against any tax demands arising from misrepresentation.

Annexures

The communication includes numerous annexures available on the company's website (https://www.grasim.com/investors/tds-on-dividend):

  • Annexure A: Form 121 (Declaration under section 393(6))
  • Annexure B: Self-declaration format for Resident shareholders
  • Annexure C: Self-declaration for non-availability of PAN (Non-resident)
  • Annexure D: Self-declaration (Non-resident shareholder)
  • Annexure E: Self-declaration for wholly owned subsidiaries of Abu Dhabi Investment Authority
  • Annexure F(I): Self-declaration for NR Sovereign Wealth Funds
  • Annexure F(II): Self-declaration for NR Pension Funds
  • Annexure G: Self-declaration for AIF Category III in IFSC
  • Annexure H: Self-declaration for FPIs Category I
  • Annexure I: Beneficial Owner declaration under Rule 203

Other Operational / Legal / Strategic Disclosures

Not Specified

KMP / Board / Auditor Changes

Not Specified

Financial Results

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified

Board Meeting Outcomes

Not Specified