RHI Magnesita India Final Dividend ₹2.50 TDS Guidelines

Date: September 1, 2026 (Disclosure Date); August 31, 2026 (Shareholder Communication Date)

Dividend Declaration

The Board of Directors, at its meeting held on May 29, 2026, recommended a final dividend of ₹2.50 per equity share (face value Re. 1 each) for the financial year 2025-26. This dividend is subject to approval by shareholders at the ensuing Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026. The dividend will be payable to shareholders whose names appear on the Register of Members or as beneficial owners in depository records as of the close of business on Monday, September 14, 2026 (Record Date).

TDS Provisions and Shareholder Requirements

General Provisions

Pursuant to The Income Tax Act, 2025 (as amended by The Finance Act, 2026), dividend income is taxable in the hands of shareholders. The company is mandated to deduct TDS at applicable rates when distributing the final dividend, if declared. The TDS rate varies based on the shareholder's residential status and the documentation submitted and accepted under the IT Act.

Section 262 of the IT Act requires every person allotted a PAN, who is eligible for Aadhaar, to link their PAN with Aadhaar. Failure to do so will render the PAN invalid/inoperative, resulting in TDS deduction at higher prescribed rates. The company will rely on reports from the income tax department's portal to check PAN validity. Non-resident shareholders without a permanent establishment in India are excluded from this specific provision.

For Resident Individual Shareholders

• 10% TDS Rate: Applicable if the shareholder has a valid, operative PAN that is linked with Aadhaar.
• 20% TDS Rate: Applicable if the shareholder does not have a PAN, has an invalid PAN, an inoperative PAN, or a PAN not linked to Aadhaar.
• No TDS Deduction: Applicable under three conditions:

1. The total dividend received from the company during FY 2026-27 does not exceed ₹10,000.

2. The shareholder is exempt from TDS provisions via a circular/notification and provides an attested PAN copy and supporting documentary evidence.

3. The shareholder provides a duly filled Form 121 (Annexure A), subject to fulfilling conditions specified in the IT Act.

• Lower/Nil withholding tax certificates obtained from the Income Tax Department under Section 395(1) of the IT Act will also be honored.

For Resident Non-Individual Shareholders

No TDS shall be deducted if all requisite documents are provided. The required documentation varies by entity type:

• Insurance Companies, Mutual Funds, Alternative Investment Funds, Recognized Provident Funds, Approved Superannuation Funds, Approved Gratuity Funds, New Pension System Trust: Must provide a self-declaration confirming full beneficial ownership of the shares, along with a self-attested copy of their PAN card and certificate of registration (as per Annexure B).
• Corporations established by a Central Act exempt from income-tax, or any other exempt Non-Individual Shareholders: Must provide a self-attested copy of documentary evidence supporting their exemption status, along with a self-attested copy of their PAN card.

TDS will be deducted at applicable rates if any of the above documents are not provided.

Transferring Credit to Beneficial Owner: As per Rule 203, if dividend is received by one person but is assessable in the hands of another, TDS can be deducted in the name of the beneficial owner if a declaration is provided. This declaration must include the name, address, PAN, residential status of the beneficial owner, details of the payment, and the reason for the credit transfer. The format is provided in Annexure C. Such details must be provided by September 14, 2026.

For Non-Resident Shareholders

• The standard TDS rate is 20% (plus applicable surcharge and cess). Alternatively, the rate prescribed under an applicable Double Taxation Avoidance Agreement (DTAA), if lower, may be applied.
• To avail of a beneficial DTAA rate, non-resident shareholders (including FPIs and FIIs) must furnish the following documents to investors.india@rhimagnesita.com:

1. A self-attested copy of their PAN (if allotted). If no PAN, provide email address, contact number, and residential address in their country of residence with supporting evidence.

2. A self-attested copy of a valid Tax Residency Certificate (TRC) for FY 2026-27 or calendar year 2026, issued by the competent authority of their country of residence.

3. An e-filed Form 41 submitted on the Indian Income Tax portal (mandatory per Notification No. 03/2022 dated July 16, 2022).

4. A self-declaration confirming the absence of a Permanent Establishment in India and eligibility for Tax Treaty benefits for the relevant period (format in Annexure D).

• If any of these documents are not provided, TDS will be deducted at 20% (plus applicable surcharge and cess). The surcharge rate will be determined based on the dividend paid in FY 2026-27.
• The company explicitly states it is not obligated to apply beneficial DTAA rates and will do so only upon a satisfactory review of complete documentation.
• Lower/Nil withholding tax certificates obtained from the Income Tax Department under Section 395(1) will also be honored.

Submission Process and Deadlines

Shareholders are urged to update their tax residential status, PAN, registered email address, mobile number, and bank account details with their respective depositories via their Depository Participants.

For shareholders holding shares under multiple folios/demat accounts under different statuses/categories with a single PAN, the highest applicable TDS rate among those statuses will be applied to the entire holding.

All requisite tax documents must be submitted exclusively via email to investors.india@rhimagnesita.com on or before Monday, September 14, 2026. This deadline is strict; no communication regarding tax determination received after this date or through any other mode/email address will be considered.

The company notes that if TDS is deducted at a higher rate due to missing documentation, shareholders retain the option to file an income tax return and claim a refund if eligible, but no claim shall lie against the company.

Additional Information

Annexures providing the necessary declaration forms are available for download via hyperlinks in the original communication:

• Annexure A: Form 121
• Annexure B: Declaration of category of Shareholder
• Annexure C: TDS Declaration Format under Rule 203
• Annexure D: Non-Resident PE and Beneficial ownership declaration

Post-payment of the dividend, the company will email a soft copy of the TDS certificate to the shareholder's registered email ID. Shareholders can also view the TDS credit in Form 16A, downloadable from their e-filing account on https://eportal.incometax.gov.in.