Motherson Final Dividend Re 0.25 per Share TDS

Dividend Recommendation and Key Dates

The Board of Directors of Samvardhana Motherson International Limited, at its meeting held on Wednesday, May 20, 2026, recommended a Final Dividend of Re. 0.25 (Twenty-Five Paise only) per equity share (face value of Re. 1/- each) for the Financial Year ended March 31, 2026. This dividend is subject to approval by shareholders at the 39th Annual General Meeting (AGM) scheduled to be held on July 30, 2026. The dividend will be paid/dispatched after the conclusion of the AGM in compliance with the Companies Act, 2013.

TDS Framework and Deadline for Documentation

Pursuant to the Income-tax Act, 2025 (IT Act), dividend declared and paid by the Company is taxable in the hands of shareholders for Tax Year 2026-27 (FY 2026-27). The Company is required to deduct TDS at applicable rates on dividend payable to shareholders. The rate of TDS varies depending on the residential status of the shareholder and the documents submitted.

Shareholders are required to furnish the relevant documents/information for the period April 01, 2026 to March 31, 2027. The absolute deadline for submission of all required declarations and documents to the Company's Registrar and Transfer Agent (RTA), KFin Technologies Limited, is Tuesday, July 14, 2026, by 1700 Hours (IST). Any communication received after this date shall not be considered.

Detailed TDS Procedures for Resident Shareholders

For resident shareholders, the applicable TDS rates and requirements are as follows:

• Valid PAN: 10% TDS. However, TDS will not be deducted if the aggregate dividend paid/payable to a Resident Individual Shareholder for FY 2026-27 does not exceed Rs. 10,000.
• No/Invalid PAN: 20% TDS. Shareholders must update their PAN with depositories (demat) or RTA (physical).
• Inoperative PAN (Not linked with Aadhaar): 20% TDS, as per section 262(6) of the IT Act.
• Form 121 Submission: Resident individual shareholders can submit Form 121 (which replaces erstwhile Forms 15G/15H) to avail nil deduction. The form must be submitted online at https://ris.kfintech.com/form15.
• Exempt Entities: Several entities are eligible for nil deduction, including specified members under section 393(4) (e.g., insurance companies), persons under section 393(5) (e.g., Govt., RBI), Category I & II Alternative Investment Funds (AIFs), and other entities exempt under sections 393/400. These entities must submit a self-declaration (Annexure B format) along with a copy of valid PAN and relevant exemption certificates.

Detailed TDS Procedures for Non-Resident Shareholders

For non-resident shareholders, the applicable TDS rates and requirements are as follows:

• General Rate: 20% (plus applicable surcharge and cess). Non-residents may apply for a lower treaty rate by submitting a self-declaration (Annexure C format) and other documents like a SEBI registration certificate (for FIIs/FPIs).
• Notified Jurisdictional Area Residents: 30% TDS.
• Category III AIF in IFSC: 10% (plus surcharge and cess), requires valid PAN and self-declaration (Annexure D).
• Category I FPIs: 10% (plus surcharge and cess) with valid PAN, requires self-declaration (Annexure E).
• Sovereign Wealth/Pension Funds (Notified u/Schedule V): Nil deduction, requires valid PAN, copy of CBDT notification, and self-declaration (Annexure F & G).
• ADIA Subsidiaries: Nil deduction, requires valid PAN and self-declaration (Annexure H).
• Lower/Nil Tax Certificate: Shareholders can submit a certificate issued under section 395 of the IT Act specifying a lower rate.

The application of beneficial Tax Treaty rates is not automatic and depends on the completeness of documents submitted. The Company reserves the right to deduct tax at the maximum rate if documents are incomplete.

Additional Important Notes for All Shareholders

1. If the dividend income is assessable in the hands of a person other than the registered shareholder, a declaration under Rule 203(2) of the Income-tax Rules, 2026 (format in Annexure I) must be submitted by the deadline.

2. All documents must be uploaded as a single PDF on KFintech's portal (https://ris.kfintech.com/form15/forms.aspx?q=0) or sent physically to their Hyderabad address.

3. Documents must be self-attested as "certified true copy of the original."

4. In case of ambiguous or incomplete information, tax will be deducted at the maximum applicable rate.

5. Valid PAN recording is mandatory. Without it, tax will be deducted at 20%.

6. The withholding tax rate is subject to verification of shareholder details as on the Record Date.

7. Shareholders with multiple accounts under a single PAN will be subject to the highest applicable rate across all accounts.

8. PAN category (based on the fourth letter) will determine the shareholder category for tax rate application.

9. Shareholders can claim refunds by filing income tax returns if tax is deducted at a higher rate.

10. TDS certificates (Form 16A) will be made available, and credit can be seen in the e-filing account.

11. Shareholders are responsible for indemnifying the Company against any tax demands arising from misrepresentation.