Company Disclosure: Dividend TDS Procedures

Dividend Declaration

  • The Board of Directors recommended payment of dividend of ₹1.50 (30%) per equity share of face value ₹5 each
  • Dividend will be paid after declaration at the ensuing Annual General Meeting
  • Record date for dividend payout is not specified in this document

Tax Treatment

  • Dividend declared and paid by the Company is taxable in the hands of members under Income Tax Act, 2025 as amended by Finance Act, 2026
  • Effective date: April 1, 2026
  • Company is required to deduct tax at source from dividend paid to members at prescribed rates

SEBI Mandate for Electronic Payments

  • SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2021/655 dated November 3, 2021 (with subsequent amendments)
  • Mandates electronic dividend payments for physical shareholders effective April 1, 2024
  • Requires PAN, nomination choice, contact details, mobile number, bank account details, and specimen signature
  • Dividend will be withheld if KYC details are not updated

TDS Rates for Resident Members

| Category | TDS Rate | Requirements |

| Resident individuals (dividend ≤ ₹10,000 annually) | NIL | - |

| Resident individuals (dividend > ₹10,000) with PAN | 10.0% | Update PAN and residential status |

| Without PAN/Invalid PAN | 20% | - |

| Non-linking of PAN and Aadhaar | 20% | - |

| Submitting Form 121 | NIL | Declaration for specific exemptions |

| Certificate under Section 395 | Certificate rate | Lower/NIL withholding certificate |

| Mutual Funds under Section 393(5) | NIL | Self-declaration + PAN + SEBI registration |

| Insurance Companies under Section 393(4) | NIL | Self-declaration + registration certificate + PAN |

| Alternative Investment Funds (AIF) | NIL | Declaration + SEBI AIF registration + PAN |

| New Pension System Trust | NIL | Self-declaration + supporting documents + PAN |

| Other exempt entities | NIL | Documentary evidence + PAN |

TDS Rates for Non-Resident Members

| Category | TDS Rate | Requirements |

| General Non-resident shareholders | 20% + surcharge + cess | - |

| FIIs/FPIs | 20% + surcharge + cess | SEBI registration certificate |

| Non-residents claiming DTAA benefits | Lower of 20% or treaty rate | PAN/contact details/TRC/TIN/Form 41/self-declaration |

| Certificate under Section 393/395 | Certificate rate | Lower/NIL withholding certificate |

| Residents of Notified Jurisdictional Area | 30% + surcharge + cess | - |

Critical Deadlines

  • All tax relief documents must be submitted by Thursday, 10th September, 2026 at 23:59 hours
  • Documents submitted after this deadline will not be considered for TFY 2026-27
  • Documents are valid for entire financial year (April 2026-March 2027) unless status changes

Submission Procedures

  • Documents must be submitted through https://mdpl.in/login
  • Only scanned copies accepted with self-attestation as "certified true copy of the original"
  • Physical documents also accepted via post, courier, or hand delivery
  • For joint shareholders, the first-named shareholder must submit documents
  • Company reserves right to reject incomplete or discrepant documents

Registrar and Transfer Agent

  • M/s. Maheshwari Datamatics Pvt. Ltd.
  • Address: 23 R.N. Mukherjee Road, 5th Floor, Kolkata-700001
  • Physical shareholders must submit ISR 1, ISR 2, nomination form with bank attestation

Additional Provisions

  • Higher TDS rate applicable across all holdings if multiple accounts under single PAN
  • Shareholders responsible for any tax demands arising from misrepresentation
  • Company not obligated to apply DTAA benefits without complete documentation
  • Shareholders can claim refunds via income tax returns if excess TDS deducted
  • Rule 203 of Income Tax Rules 2026 requires declaration if dividend assessable by non-registered member

Disclaimer

This communication summarizes tax provisions and does not constitute complete tax analysis. Shareholders should consult their tax advisors.