Veedol Final Dividend ₹22 per Share TDS Notice

Date: 16th July, 2026

Dividend Declaration

The Board of Directors, at its meeting held on 20th April 2026, recommended a final dividend of ₹22.00 per equity share (face value ₹2 each) for the financial year ended 31st March 2026. This dividend is subject to approval by shareholders at the ensuing Annual General Meeting (AGM) scheduled for 24th August 2026. If approved, the dividend will be paid electronically to shareholders of record as of 17th July 2026 (the record date).

Tax Deduction at Source (TDS) Procedures

For Resident Shareholders

• TDS will be deducted at 10% under Section 393(1) and 393(4) of the Income-tax Act, 2025, provided a valid PAN is furnished.
• If no PAN is provided, the PAN is invalid, or it is not linked with Aadhaar (making it inoperative), TDS will be deducted at 20% under Section 393(1) and 397(2).
• No TDS will be deducted if the aggregate dividend paid to a resident individual during the financial year does not exceed ₹10,000.
• Shareholders can submit Form 121 (replacing the old Forms 15G/15H) to claim nil deduction, provided all eligibility conditions are satisfied. All fields in the form are mandatory.
• Certain resident non-individual entities (like insurance companies, mutual funds, AIFs, NPS Trust) can submit specific self-declarations and documents to claim a nil TDS rate.
• A valid certificate for lower or nil deduction issued under Section 395 of the Act can also be submitted.

For Non-Resident Shareholders (including FPIs)

• TDS will be withheld at 20% plus applicable surcharge and cess under Section 393(2) and 207(1) of the Act.
• To avail a beneficial rate under a Double Tax Avoidance Agreement (DTAA), shareholders must submit all required documents, including:
• PAN card (if available) or details per Rule 217 (name, email, contact, address, Tax Residency Certificate, Foreign TIN).
• A valid Tax Residency Certificate (TRC) for the period April 2026 to March 2027.
• A digitally filed Form 41 from the income tax portal.
• A self-declaration meeting DTAA eligibility and beneficial ownership requirements.
• For FPIs, a SEBI registration certificate and a declaration on the investment route (FDI or FPI).
• For Singapore tax residents, additional evidence demonstrating non-applicability of Article 24 (Limitation of Relief) of the India-Singapore DTAA.
• A certificate for lower or nil deduction issued under Section 393/395 can also be submitted.
• Shareholders who are tax residents of a Notified Jurisdictional Area will be subject to TDS at 30% plus surcharge and cess.

Submission Deadline and Important Notes

• All relevant documents (Form 121, self-declarations, certificates, etc.) must be submitted to the Registrar and Transfer Agent (RTA), Maheshwari Datamatics Private Limited, via email at contact@mdplcorporate.com on or before the cut-off date of 19th August 2026. Submissions after this date will be accepted at the sole discretion of the Company.
• The Company will rely on online functionality from the Income Tax department to verify PAN status.
• The final TDS deduction by the Company is conclusive, and no claims shall lie against it for any higher deduction. Shareholders can claim a refund for excess tax deducted when filing their income tax returns.
• Shareholders are indemnily responsible for any tax demands arising from misrepresentation or omission in the information they provide.

Payment and KYC Details

• Pursuant to SEBI mandates, all dividend payments will be made only through electronic mode. No physical cheques or warrants will be issued.
• Demat shareholders must ensure their bank account details (including MICR and IFSC codes), PAN, contact number, and email address are updated with their respective Depository Participants.
• Physical shareholders must provide these details to the RTA, Maheshwari Datamatics Private Limited, at 23, R N Mukherjee Road, 5th Floor, Kolkata - 700 001 (Phone: 033 22435029 / 22482248, Email: contact@mdplcorporate.com).
• Failure to update bank details will result in non-payment of the dividend. Physical folios without complete KYC (PAN, contact, bank details, signature) will not be eligible for services or grievance lodging until updated.

Other Operational / Legal / Strategic Disclosures

Not Specified

KMP / Board / Auditor Changes

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified