General Updates

September 03, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relations Department “Exchange Plaza”, P.J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip code: 532859 Symbol : HGS Dear Sir / Madam, Sub: Communication to Shareholders - Intimation on Tax Deduction on Dividend Pursuant to the provisions of the Income Tax Act, 2025 and the Rules framed there under, dividend paid or distributed, shall be taxable at the hands of the Shareholders, hence, the Company is required to deduct TDS on the Dividend. In this regard, please find enclosed herewith an e-mail communication which is being sent to all the shareholders of the Company whose e-mail IDs are registered with the Company/Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates, as may be applicable, along with the necessary annexures. The above communication is also available on the website of the Company at www.hgs.com You are requested to kindly take the above on record. Thanking you, For Hinduja Global Solutions Limited Narendra Singh Company Secretary F4853 HINDUJA GLOBAL SOLUTIONS LIMITED Corporate Office: Gold Hill Square Software Park, No. 690, 1st Floor, Hosur Road, Bommanahalli, Bengaluru - 560 068. India. Telephone: +91-80-4643 1000 / 4643 1222 Regd. Office: Tower C (1st floor), Plot C-21, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051. India. Telephone: +91-22-6136 0407, E-mail: investor.relations@hgs.com Website: www.hgs.com Corporate Identity Number: L92199MH1995PLC084610 Hinduja Global Solutions Limited CIN: L92199MH1995PLC084610 Regd. Office: Tower C (1st floor), Plot C-21, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400 051 Contact No.: 022 6136 0407 | E-mail: investor.relations@hgs.com | Website: www.hgs.com Dear Shareholder, Name of the Shareholder: Ref: Folio / DP Id & Client Id No: We are pleased to inform you that the Board of Directors in its meeting held on June 04, 2026 declared Final Dividend of INR 5/- per fully paid up Equity Share having face value INR 10/- each (@50% per equity share) for the Financial Year 2025-26. The dividend shall be paid to the shareholder whose name shall be in the Register of Members/ BENPOS on the Record Date i.e., September 18, 2026. As you may be aware, in terms of the provisions of the Income-tax Act, 2025 ('ITA 2025'), dividend income is taxable in the hands of shareholders. The applicable Tax Deduction at Source ('TDS') provisions under ITA 2025 for Resident and Non-Resident shareholder categories are as follows: A. FOR RESIDENT SHAREHOLDERS If any resident shareholder is in receipt of dividend income in a financial year, entire dividend will be subject to TDS under Section 393(1) read with section 393(4) of ITA 2025 [corresponding to Section 194 of the Income Tax Act, 1961 ('ITA 1961')] @ 10%, subject to following: Particulars Rate of TDS Section of ITA 2025 applicable PAN is not available/ Invalid 20% Section 397 [corresponding to Section PAN/ PAN is inoperative 206AA of ITA 1961] or Section 262(9) [corresponding to Section 139AA of ITA 1961] Note: Tax deduction would not be applicable to resident individual shareholder if total dividend to be paid during a financial year does not exceed Rs. 10,000. If dividend already paid in the financial year does not exceed Rs. 10,000, however, with subsequent dividend in the same financial year exceeds Rs. 10,000, then applicable rate of TDS on the dividend/s paid would be deducted, while paying the subsequent dividend/s. Separately, in cases where a Resident Individual Shareholder provides Form 121 [corresponding to Form 15G/Form 15H under ITA 1961], provided that the eligibility conditions are being met, no TDS shall be deducted. For below Resident Shareholders, Dividend will be paid after deducting the tax at source as follows: Particulars Applicable Documents required (if any) Rate Shareholder submitting order Rate Lower/NIL withholding tax certificate under Section 395 of ITA 2025 provided in obtained from tax authority along with [corresponding to Section 197 of the order self-attested copy of PAN card. ITA 1961] Mutual Funds Nil Copy of registration certificate with SEBI and PAN card along with self- declaration that the mutual fund is notified mutual fund under Schedule VII of ITA 2025 [corresponding to Section 10(23D)(ii) of ITA 1961]. Insurance Companies: Public & Nil Documentary evidence that the Other Insurance Companies provisions of Section 393(1) read with section 393(4) of ITA 2025 [corresponding to Section 194 of ITA 1961]are not applicable along with copy of PAN card and copy of the latest registration certificate issued by IRDAI. Persons covered under Section Nil Documentary evidence that the person 393(5) of ITA 2025 [corresponding is covered under section 393(5) of ITA to Section 196 of ITA 1961] (e.g., 2025 [corresponding to Section 196 of Govt., RBI, Corporations ITA 1961]along with copy of PAN card. established by Central Act and exempt from income tax) Alternative Investment fund (AIF) Nil Self-declaration that the income is (Category I and II) exempt under Schedule V (Table: S. No. 1) of ITA 2025 [corresponding to Section 10(23FBA) of ITA 1961], and that they are established as Category I or Category II AIF under the SEBI Regulations along with copy of registration documents and PAN card. B. FOR NON-RESIDENT SHAREHOLDERS Taxes are required to be withheld in accordance with the provisions of Section 393(2) (Table: S. No. 17) of ITA 2025 [corresponding to Section 195 of ITA 1961] and other applicable sections of ITA 2025, at the rates in force. The withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable. However, as per Section 159 of ITA 2025 [corresponding to Section 90 of ITA 1961], non-resident shareholders have the option to be governed by the provisions of the Double Tax Avoidance Agreement ("DTAA"), read with Multilateral Instrument ("MLI") between India and their country of tax residence, subject to providing necessary documents: 1. Copy of Tax Residency Certificate (TRC) for the financial year in which dividend is received as obtained from the tax authorities of the country of which the shareholder is resident. 2. Copy of electronically filed Form 41 [corresponding to Form 10F under ITA 1961] on the Indian Income Tax Portal 3. Copy of Valid PAN allotted by the Indian Income Tax authorities, if any. 4. Self-declaration for the financial year in which dividend is received certifying the following points: • Shareholders are and will continue to remain a tax resident of the country of their residence. • Shareholders are eligible to claim the beneficial DTAA rate. • Shareholders have no reason to believe that their claim for the benefits of the DTAA is impaired in any manner. • Shareholder is the ultimate beneficial owner of shares held in the Company and dividend receivable from the Company. • Shareholder does not have a Business Connection or a Permanent Establishment in India. • The key management and commercial decisions necessary for the conduct of the entity's business as a whole are, in substance, made in the country of residence, of which the Shareholder is a tax resident, and all Board of Directors' meetings are held in such country with a functional quorum present locally. • The Shareholder maintains adequate economic and operational substance in the country of residence, including a physical office, employment of suitably qualified personnel, and incurrence of significant local operational expenses commensurate with its business activities. In case of Foreign Institutional Investors / Foreign Portfolio Investors, tax will be deducted under Section 196D of the I-T Act @ 20% (plus applicable surcharge and cess) or the rate provided in relevant DTAA, read with MLI, whichever is more beneficial, subject to the submission of the above documents. Please [Showing first 8,000 characters — download PDF for full document]