Deduction of Tax at Source from the Final Dividend for the Financial Year Ended 31st March, 2026

The Board of Directors of the Company ('the Board') at the Meeting held on 27th April, 2026, as you are aware, have recommended a Final Dividend of ₹ 5.50/- per Equity Share of ₹ 10/- each for the financial year ended 31st March, 2026.

The Final Dividend is subject to declaration by the Members at the ensuing 45th Annual General Meeting of the Company, convened for 25th August, 2026; such Dividend, if declared, will be paid between 26th August, 2026 and 1st September, 2026.

Pursuant to the provisions of the Income-tax Act, 2025, dividend income is taxable in the hands of the shareholders and the Company is required to deduct Tax at Source (TDS), as applicable, from the dividend amount payable to shareholders.

This communication is to inform shareholders about the applicable provisions relating to deduction of TDS on dividend and related matters.

I. Resident Shareholders

1. No TDS shall be deducted from dividend payable to:

• Individual Shareholders:
  • (a) if the amount of dividend payable by the Company during the Tax Year, in aggregate, does not exceed ₹10,000/-; or
  • (b) their income is below the taxable limit and a declaration is received by the Company in Form 121.

Click here to download the Form 121

• Insurance Companies, Mutual Funds, domestic Alternative Investment Funds and other non-individual resident shareholders, subject to receipt of required documents from them by the Company.

Click here to download / view documents

2. TDS shall be deducted from dividend:

• @ 10% where a valid Permanent Account Number (PAN), linked to Aadhaar, has been furnished to the Depository Participant (in case shares are held in dematerialised form) or MCS Share Transfer Agent Limited, Registrar and Share Transfer Agent of the Company (RTA) (in case shares are held in certificate form).
• @ 20% where a valid PAN has not been furnished.

II. Non-Resident Shareholders

1. Non-resident shareholders may avail the benefit of tax treaty rate subject to eligibility under the applicable tax treaty and receipt of required documents by the Company.

Click here to download / view documents

2. TDS shall be deducted from dividend @ 20% plus applicable surcharge and health & education cess or the applicable tax treaty, whichever is lower.

III. General Instructions / Information

1. The Shareholders may send Form 121 or the Forms & Documents for availing the benefit of tax treaty rate to the Company / RTA on or before 17th August, 2026 at
   
   Investor_TH@ith.co.in / helpdeskdelhi@mcsregistrars.com
   
   The aforesaid forms or documents, if found to be incomplete or received after 17th August, 2026, shall not be considered.
2. No claim shall lie against the Company in respect of any taxes deducted at source in accordance with the applicable law.
3. Where the dividend income as on the Record Date, i.e. 31st July, 2026, is assessable to tax in the hands of a person other than the registered shareholder, such as where shares are held by a clearing member, broker etc. on behalf of the actual beneficial owner, the registered shareholder shall furnish to the Company, on or before 17th August, 2026, a declaration in accordance with Rule 203 of the Income-tax Rules, 2026, providing details of the person to whom credit for TDS is to be given.
   
   No request in this regard shall be considered after 17th August, 2026.
   
   Click here to download the declaration

In case of any queries, please contact the Registrar and Transfer Agent of the Company at:

MCS Share Transfer Agent Limited
Unit: International Travel House Limited
179-180, 3rd Floor, DSIDC Shed,
Okhla Industrial Area, Phase-I,
New Delhi – 110020

Phone : 011-41406149
Email : helpdeskdelhi@mcsregistrars.com

Should you have any query or require any assistance in the matter, please get in touch with the Company at Investor_TH@ith.co.in or the Registrar & Transfer Agent at helpdeskdelhi@mcsregistrars.com .

This communication should not be treated as tax advice from the Company. Shareholders are advised to consult their own tax advisor for determining the tax implications relating to dividend income.