Updates

Ref.: ML/Compliance/2026-27/31 July 08, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 506261 Symbol: MODISONLTD Dear Sir/Madam, Subject : Shareholders Communication- Tax deduction on Dividend, if declared and payable during financial year 2026-27 We wish to inform you that the Company has circulated an e-Notice to all its shareholders outlining the detailed procedure to be followed with respect to the applicability of Tax Deducted at Source (TDS) and the formalities required to be completed by shareholders to enable the correct deduction of tax on any dividend that may be declared and paid during the financial year 2026–27. A specimen copy of the e-Notice circulated to the shareholders is enclosed herewith for your reference and record. Shareholders are advised to carefully review the e-Notice and complete the requisite formalities, wherever applicable, within the prescribed timelines to ensure the correct deduction of tax at source (TDS) on any dividend that may be declared and paid during the financial year 2026–27. The above information is also being made available on the website of the Company at https://www.modisonltd.com/investors/modison-tds-forms We request you to kindly take the above information on record. Thanking you. Yours faithfully, For Modison Limited Pooja Birendra Sinha Company Secretary & Compliance Officer ACS65836 Encl: As Above IN: L51900MH1983PLC029783 Registered Office: 33-Nariman Bhawan,227-Nariman Point Mumbai-400 021 India Telephone: +91-22 22026437 | Website: www.modison.com | Email: shareholder@modison.com URGENT & IMPORTANT Dear Shareholder(s), We are pleased to inform you that, the Board of Directors, in their meeting held on Friday, May 22, 2026, has declared an final dividend of Rs. 3/- per Equity Share of Rs 1/- each (300%) for the Financial Year 2025-26 and the said Final Dividend will be payable consequent upon the approval of the Shareholders at the ensuing Annual General Meeting (AGM) of the Company which is schedule to be held on Tuesday, July 21,2026 at 5.30 p.m. (IST). As per the Indian Income Tax Act, 2025 (“the Act”), dividend paid and distributed by a company is taxable in the hands of shareholders. Therefore, the Company is required to deduct taxes at source (TDS) at the rates applicable on the amount distributed to the shareholders. TDS rate may vary depending on the residential status of the shareholder and the documents submitted to and accepted by the Company under the provisions of the Act. For Resident Shareholders, tax will be deducted at source under Section 393(1) read with 393(4) of the Act at the rate of 10% on the amount of dividend payable which exceeds Rs. 10,000/- unless exempt under any of the provisions of the Act subject to fulfilment of the following conditions: (a) Valid Permanent Account Number (PAN) as per section 262 of the Income Tax Act, 2025, every person who has been allotted a PAN and who is eligible to obtain Aadhaar, shall be required to link the PAN with Aadhaar. In case of failure to comply with this, the PAN allotted shall be deemed to be invalid/inoperative and tax shall be deducted at higher rates as prescribed under the Act. The Company will rely on the reports downloaded from the reporting portal of the income tax department for checking validity of PANs / inoperative PANs. (b) In case the PAN is invalid/ inoperative as defined in point (a) above Tax shall be deducted at a higher rate provided in Section 397(2) of the Act, i.e., 20% of tax deduction at source. If there is any change in the above information, you are requested to update your records such as tax residential status, PAN and register your email address, mobile numbers and other details with your relevant depositories through your depository participants in case you are holding shares in dematerialized form. If you are holding shares in physical mode, you are requested to furnish details to the Company’s Registrar and Transfer Agent, M/s. Purva Sharegistry Private Limited. Apart from the above, specific provisions applicable to Resident Shareholders – Individuals and Resident Shareholders – Other than Individuals are given below for ready reference. Table 1: Resident Shareholders Category of Tax Exemption applicability/ Documentation shareholder Deduction requirement Rate Individual 10% In the case of resident individual shareholders, tax will be deducted at source (TDS) where the aggregate dividend paid or payable by the Company in respect of all folio(s) held by the shareholder during the financial year 2026- 27 exceeds Rs. 10,000. If a valid PAN is updated with the Depositories (in case of shares held in Demat mode) and with the Company's Registrar and Transfer Agent M/s. Purva Sharegistry (India) Private Limited (in case of shares held in physical mode) and you wish to avail exemption from TDS on the dividend income subject to conditions, then you are requested to submit the following forms or documents attached as annexures to the Company; a. Form 121 - Declaration for receipt of dividend without deduction of Tax (Annexure-1) b. Any other documents as prescribed under the Income Tax Act, 2025, for lower withholding of taxes c. Documentary evidence if you are exempt from obtaining PAN Resident Individual Shareholders can alternatively submit Form 121 (Declaration for receipt of dividend without deduction of Tax) through their depository participants i.e. National Securities Depository Limited (NSDL) or Central Depository Services (India) Limited (CDSL). NSDL and CDSL have been enabled to accept Form 121 electronically. Insurance Nil Declaration by shareholder qualifying as Insurer as per Companies Section 2(7A) of the Insurance Act, 1938 - Annexure -2 (Annexure 2). Mutual Funds Nil Declaration by Mutual Fund shareholder as specified at Schedule VII (Table: Sl. No 20 or 21) of the Income Tax Act, 2025 (Annexure 3). Alternate Nil Declaration by Category I/II Alternate Investment Fund Investment Fund (AIF) registered with SEBI specified at Schedule V (Annexure 4) (AIF) Category I and Other - Resident As applicable In case your income is subject to a lower rate of TDS, or Company / Firm / is exempt under the Income Tax Act, 2025, you are HUF / AOP / Trust requested to submit the following forms or documents attached as Annexures if eligible as per the relevant provisions of the Income Tax Act, 2025, duly signed by the authorized signatory on or before Friday, July 17, 2026 : a) Lower withholding tax certificate for the Tax Year 2026-27 if any, obtained from the Income Tax authorities. b) In case you have tax exemption status under any provisions of the Income Tax Act, submit the documentary evidence along with declaration for the same. (Annexure 5) c) Any other documents as prescribed under the Income Tax Act if applicable. (Annexure 6) Table 2: Non-resident Shareholders Non-Resident Shareholders can avail the provisions of certain Double Tax Avoidance Agreement (DTAA), provided they satisfy conditions such as non-applicability of the General Anti-Avoidance Rule (GAAR), read with Multilateral Instrument (MLI), between India and the country of tax residence of the shareholders. (a) Copy of Tax Residency Certificate (TRC) for the tax year 2026-27 obtained from the revenue or tax authorities of the country of tax residence, duly attested by shareholders/ authorized signatory. (b) Form 41 (for claiming Tax Treaty Relief). Form 41 can be obtained electronically through e- filing portal of income tax website at https://www.incometax.gov.in/iec/foportal the procedure for the same is detailed here. (c) Copy of the PAN card allotted by the Indian Income Tax authorities duly attested by the shareholders/ authorized signatory. In case of non-availability of PAN, information under sub- rule 2 of Rule 217 of Income Tax Rules, 2026 (Annexure 7) (d) Self-declaration of bene [Showing first 8,000 characters — download PDF for full document]