Date: June 29, 2026

Dividend Declaration

The Board of Directors at their meeting held on May 26, 2026, recommended a final dividend of Re. 1/- per equity share having face value of Rs. 2/- each for the financial year ended on March 31, 2026. This is subject to approval of shareholders at the 31st Annual General Meeting (\"AGM\") to be held on Thursday, July 30, 2026, through Video Conferencing (\"VC\"). The dividend will be paid to shareholders holding shares as on the record date of Friday, July 17, 2026.

Tax Deduction at Source (TDS) Procedures

Pursuant to amendments in the Income Tax Act, 2025, the Company will withhold taxes at prescribed rates on the dividend paid to shareholders. The withholding tax rate varies depending on residential status, category of shareholder, and documents submitted.

A. Resident Shareholders

  • Resident Shareholder with valid PAN linked with Aadhar: 10% TDS rate. Must update valid PAN with depositories (demat mode) or with RTA KFin Technologies Limited (physical mode).
  • Resident Shareholder without/invalid/inoperative PAN: 20% TDS rate.
  • Resident individuals submitting Form 121: NIL TDS rate. Requires declaration in Form No. 121 fulfilling certain conditions.
  • Lower/nil tax deduction certificate u/s 395: Rate specified in certificate. Requires self-attested copy of PAN Card and self-attested copy of lower/NIL withholding tax certificate.
  • Insurance Companies (Public and Other): NIL TDS rate. Requires documentary evidence that provisions of Section 393 are not applicable and declaration as per Annexure 1.
  • Persons covered under Section 393 (e.g., Mutual Funds, Business Trust, AIF, Govt.): NIL TDS rate. Requires documentary evidence of coverage under Section 393 and declaration as per Annexure 1.

*Notwithstanding the above, tax would not be deducted on payment of dividend to Resident Individual Shareholder if total dividend to be received during tax year 2026-27 does not exceed ₹10,000.

B. Non-Resident Shareholders

  • Any Non-Resident Shareholder, Foreign Institutional Investors, Foreign Portfolio Investors (FII, FPI): 20% (plus surcharge and education cess as applicable) or DTAA rate, whichever is lower, provided requisite documents are submitted.

Non-Resident Shareholders may opt for DTAA rate by submitting:

  • Self-attested copy of Tax Residency Certificate (TRC) for current financial year
  • Self-declaration in Form 41 if details are not mentioned in TRC (electronic Form 41 must be generated from Indian Income tax e-filing portal)
  • Self-attested copy of PAN Card if available
  • Self-declaration in relevant annexures certifying: tax residency status, eligibility for DTAA benefits, no impairment of DTAA claim, ultimate beneficial ownership of shares, and no taxable presence/permanent establishment in India for FY26

Specific annexures required:

  • FII/FPI: Annexure 2
  • AIF located in IFSC: Annexure 3
  • Non-resident shareholder (except tax residents of Notified Jurisdictional Area): Annexure 4
  • Sovereign Wealth Fund claiming exemption under schedule V(7): Annexure 5
  • Pension Funds claiming exemption under schedule V(7): Annexure 6
  • Wholly owned subsidiary of Abu Investment Authority exemption under schedule V(7): Annexure 7
  • Submitting Order under section 395: Rate provided in the Order. Requires lower/NIL withholding tax certificate from Income Tax authorities.

Documentation Deadline

All required documents must be submitted online with RTA KFin Technologies Limited by Monday, July 20, 2026, to determine appropriate TDS/withholding tax rate. In case of discrepancy, the Company will deduct tax at the higher applicable rate without further communication. No claims shall lie against the Company for taxes deducted. No communication or documentation will be entertained after July 20, 2026.

Updation of Bank Account Details

Pursuant to SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026, final dividend to shareholders holding physical shares shall be paid only through electronic mode. Such payment requires furnishing of PAN, Choice of Nomination (optional), Contact Details (Postal Address with PIN and Mobile Number), Bank Account Details, and Specimen Signature to the Company or RTA KFin Technologies Limited.

Shareholders holding demat shares must intimate changes in address and/or bank mandate to their Depositary Participants only.

Shareholders with Multiple Folios/Demat Accounts

Shareholders holding shares in multiple accounts with different status/category under a single PAN will have TDS deducted at the applicable higher rate on the entire shareholding.