This document is a regulatory disclosure from Sportking India Limited to its shareholders regarding Tax Deduction at Source (TDS) procedures for the proposed final dividend for Financial Year 2025-26.

The Board of Directors, at its meeting held on May 16, 2026, recommended a final dividend of ₹1 (Rupees One only) per equity share of face value ₹1 each (100%) for FY 2025-26. This dividend is subject to approval by shareholders at the ensuing 37th Annual General Meeting (AGM).

Pursuant to the Income-tax Act, 2025, as amended by the Finance Act, 2026, dividend income is taxable in the hands of shareholders, and the company is required to deduct TDS. The record date for determining shareholder eligibility is September 5, 2026.

TDS Provisions for Resident Shareholders

  • Tax will be deducted at source under Section 393(1) at 10% for shareholders with a valid Permanent Account Number (PAN).
  • If shareholders do not have a PAN, have an inoperative PAN, or have a PAN not linked with Aadhaar, TDS will be deducted at 20% under Section 397(2).
  • No TDS will be deducted for resident individuals if their total dividend for Financial Year 2026-27 does not exceed ₹10,000 or if they provide a valid Form 121 meeting all eligibility conditions.
  • Specific resident non-individual entities (Insurance Companies, Mutual Funds, Alternative Investment Funds, NPS Trust) may be exempt from TDS upon submitting a self-declaration and supporting documents, including a self-attested PAN card.
  • Shareholders can also provide a certificate under Section 395(1) for lower or nil withholding of taxes.

TDS Provisions for Non-Resident Shareholders

  • As per domestic tax law (Section 393(2)), a withholding tax of 20% (plus applicable surcharge and cess) will apply.
  • Non-resident shareholders have the option to be governed by more beneficial Double Tax Avoidance Agreement (DTAA) provisions under Section 159.
  • To claim DTAA benefits, non-resident shareholders must submit a self-attested PAN card, a Tax Residency Certificate (TRC) for FY 2026-27, file Form 41 online, and provide a self-declaration of treaty eligibility and beneficial ownership.
  • Foreign Institutional Investors and Foreign Portfolio Investors must also submit their SEBI registration certificate.
  • Specific additional documentation is required for shareholders tax-resident in Singapore regarding the non-applicability of Article 24 (Limitation of Relief) under the India-Singapore DTAA.

Important Deadlines and Procedures

  • Shareholders must submit all required documents for tax exemption or lower deduction on or before Monday, August 31, 2026. Documents submitted after this date will be accepted at the sole discretion of the company.
  • Shareholders must ensure their PAN is linked with Aadhaar as per Section 262(6) of the Income Tax Act, 2025, to avoid a higher 20% TDS rate.
  • Shareholders holding shares in dematerialized form must update their details (tax residency status, PAN, email, mobile number) with their Depository Participant.
  • Shareholders holding shares in physical form must furnish their details to the Registrar and Transfer Agent, M/s. Beetal Financial & Computer Services Pvt Ltd., at Beetal House, 3rd Floor, 99 Madangir, Near Dada Harsukhdas Mandir, New Delhi – 110062, by submitting duly completed forms ISR 1, ISR 2, ISR 3, and SH 13.

Payment and Other Information

  • Dividend will be paid electronically only, as mandated by SEBI regulations (SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2015, and Master Circular dated February 6, 2026).
  • Shareholders are responsible for any income tax demands arising from misrepresentation or omission in the information they provide.
  • The company reserves the right to reject documents submitted if discrepancies are found or if they are incomplete.
  • Shareholders who have not claimed dividends for FY 2023-24 and 2024-25 can update their KYC details with the RTA to claim them.