TBZ Communicates FY26 Dividend TDS Procedures

Date: 18th August, 2026

Board of Directors recommended dividend of Rs. 2.50 (25%) per equity share on face value of Rs. 10 each for Financial Year ended 31st March, 2026
Dividend recommendation was made at Board Meeting held on Wednesday, 27th May, 2026
Dividend payment is subject to approval of Shareholders at the 19th Annual General Meeting to be held on Wednesday, 9th September, 2026
Record date for dividend payment: Wednesday, 2nd September, 2026

TDS applicable at 10% on dividend amount for resident shareholders
TDS applicable at 20% if valid PAN not provided or PAN-Aadhaar not linked
No TDS if total dividend payable to resident individual shareholder does not exceed Rs. 10,000 per year
No TDS if shareholder provides duly filled and signed Form 121 with valid PAN and meets eligibility conditions

Specific categories and requirements for resident shareholders:

Insurance Companies: Nil TDS with self-declaration (Annexure 1), self-attested PAN copy, and self-attested IRDAI Registration Certificate
Government, RBI, Specified Corporations, Mutual Funds: Nil TDS with self-declaration (Annexure 1), self-attested PAN copy, and relevant registration documents
Alternative Investment Fund Category-I & II: Nil TDS with self-declaration (Annexure 1), self-attested PAN copy, and SEBI AIF registration certificate
Shareholders exempted from TDS provisions: Nil TDS with self-declaration (Annexure 1), self-attested PAN copy, and documentary evidence supporting exemption status
All resident shareholders: Rate specified in lower or nil deduction certificate under Section 395(1) of the Act with Company TAN: MUMT14057B

For FII/FPI: TDS at 20% or applicable DTAA rate, whichever lower
For other Non-Resident Shareholders: TDS at 20% or applicable DTAA rate, whichever lower
Lower/Nil rate possible with certificate under Section 395 of the Act with Company TAN: MUMT14057B

Documentation required for non-resident shareholders:

Self-attested copy of PAN or self-declaration if PAN not allotted
Self-attested copy of Tax Residency Certificate (TRC) for tax year 2026-27, translated and notarized if not in English
Self-declaration in online filed Form 41 for tax year 2026-27
Self-declaration (Annexure 2) regarding eligibility for tax treaty benefits, no permanent establishment in India, and beneficial ownership of dividend income

All TDS rates enhanced by applicable surcharge and cess
Shareholders in dematerialized form must update details with depository participants
Highest tax rate applicable across multiple accounts under single PAN will be considered
Declaration (Annexure 3) required where dividend received by one person but assessable by another
Company will rely on information as on record date (2nd September, 2026)
Documents must be submitted by Monday, 31st August, 2026 at https://ris.kfintech.com/form15/forms.aspx?q=0
No communication on tax determination entertained after deadline
Shareholders responsible for any income tax demands arising from misrepresentation
This communication not treated as tax advice
Company will verify PAN-Aadhaar linking status through Income Tax website functionality

Form 41, Form 121, Annexure 1, Annexure 2, and Annexure 3 provided as downloadable links