Igarashi Motors Final Dividend ₹1.30 TDS Procedures

Dividend Details

The Board of Directors at their meeting held on May 21, 2026 recommended a Final Dividend of ₹1.30 per equity share of face value ₹10 each for FY 2025-26. This is subject to approval of shareholders at the 34th Annual General Meeting to be held on Friday, August 7, 2026.

The Record Date for determining eligibility of shareholders is Friday, July 31, 2026. The final dividend will be paid to eligible shareholders on or after August 7, 2026 but within 30 days from the AGM date.

TDS Implementation Framework

Pursuant to changes in the Income-tax Act, 2025, the company is required to withhold taxes on dividend payments effective from April 1, 2026. Withholding tax rates vary depending on residential status and documents submitted by shareholders.

TDS for Resident Shareholders

For Resident Shareholders, TDS will be deducted @ 10% under Section 393(1) of the Act. However, no TDS will be deducted if dividend receipt does not exceed ₹10,000 in a financial year for resident individuals.

Higher TDS rates apply in specific cases:

• 20% if PAN is not available/invalid/inoperative
• 20% if PAN is not linked with Aadhaar (as per Section 262 of the Act read with Rule 162(3)(c) of Income-Tax Rules, 2026)

No TDS shall be deducted if appropriate documents are submitted to the Company/Cameo on or before July 24, 2026 for the following categories:

• Resident shareholders with valid PAN linked: Submit Form 121 (Annexure 1)
• Shareholders where Section 393(1) doesn't apply (LIC, GIC, Business Trusts): Submit PAN copy and self-declaration (Annexure 2)
• Shareholders covered under Section 393(5) (Government, RBI, mutual funds, etc.): Submit PAN copy and self-declaration with evidence
• Category I and II Alternative Investment Funds: Submit PAN copy, self-declaration, and registration certificate
• Mutual Funds under Schedule VII: Submit PAN copy and self-declaration with evidence
• NPS Trust: Submit self-declaration with documentary evidence
• Recognized provident funds/approved superannuation/gratuity funds: Submit evidence as per CBDT Circular No. 18/2017
• Any resident shareholder exempted from TDS: Submit documentary evidence substantiating exemption

TDS for Non-Resident Shareholders

For Non-resident shareholders, TDS will be withheld under Section 393(2) at rates in force plus applicable surcharge and cess.

For FIIs/FPIs/Other Non-Resident shareholders: TDS at 20% plus surcharge and cess or tax treaty rate, whichever is beneficial. Required documents:

• Valid Tax Residency Certificate for TY 2026-27 (April 1, 2026 to March 31, 2027)
• Digital Form 41 covering April 1, 2026 to March 31, 2027
• PAN or declaration in lieu of PAN under Section 397(2)(c)
• Self-declaration for non-existence of permanent establishment/fixed base in India and beneficial ownership (Annexure 3)

For Non-Resident shareholders who are tax residents of Notified Jurisdictional Area: TDS @ 30%

For Other Non-resident shareholders: TDS @ 20% plus surcharge and cess or tax treaty rate, whichever is beneficial. Required documents:

• PAN copy (if available)
• Tax Residency Certificate for TY 2026-27
• Digital Form 41 covering April 1, 2026 to March 31, 2027
• Self-declaration for non-existence of permanent establishment/fixed base in India (Annexure 3)
• For Singapore tax residents: Additional evidence demonstrating non-applicability of Article 24 of India-Singapore DTAA

Important Deadlines and Procedures

All tax-related documents must be submitted by 5:00 PM (IST) on Friday, July 24, 2026. Documents can be submitted via:

• Email to investor@cameoindia.com and investorservices@igarashimotors.co.in
• Online at https://investors.cameoindia.com
• Online portal https://wisdom.cameoindia.com/

Shareholders with multiple accounts under different status/category with single PAN will have higher tax rate applied to their entire holding.

Additional Requirements

• Declaration under Rule 203 required if dividend income is assessable in hands of person other than deductee (Annexure 4)
• Bank account details must be updated in demat accounts/physical folios for electronic dividend payment
• PAN details must be updated with depository participants (Demat) or with Cameo Corporate Services Limited (physical)
• Dividend payments will be made only through electronic mode as mandated by SEBI circulars