General Updates

GARWARF TECHNICAL FIBRES GTFL:SEC:2026 July 09, 2026 BSE Limited Corporate Relationship Department, New Trading Ring, Rotunda Building, P. J. Towers, Dalai Street, Fort, Mumbai 400001. (Company code: 509557) National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, 'G' Block, Bandra-Kurla Complex, Bandra East, Mumbai 400051. (Symbol: GARFIBRES, Series: EQ) Dear Sir / Madam, Sub:- Communication to Shareholders - Deduction of tax at source ("TDS") on payment of Dividend Pursuant to Regulation 30 read with Schedule III Para A Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that on 09th July, 2026 the Company has sent communication to all shareholders whose email addresses are registered with the Company / Depositories with respect to deduction of tax at source ("TDS") on payment of Dividend for the Financial Year 2025-26. This communication is also uploaded on the Company's website i.e., www.garwarefibres.com. Kindly acknowledge. Thanking You, Yours faithfully, For GARWARE TECHNICAL FIBRES LIMITED ScrffirAla-rwal Company Secretary M. No. FC56407 Encl.: as above Registered Office Garware Technical Fibres Ltd. (Formerly Garware-Wall Ropes Ltd.): Plot No. 11, Block D-1, M.I.D.C., Chinchwad, Pune 411 019, India. T+91 20 2799 0000/0306 E pune_admin@garwarefibres.com www.garwarefibres.com CIN: L25209MH1976PLC018939 GAI IWAl I E TECHNICAL FIBRES Garware Technical Fibres Limited Corporate Identification Number (CIN): L25209MH1976PLC018939 Registered Office: Plot No. 11, Block No. D-1, MIDC, Chinchwad, Pune 411 005 Tel.: +91- (20) 27990000; E-mail: secretarial@garwarefibres.conn; Website: www.garwarefibres.com Date: 09/07/2026 Name: DP ID and Client ID! Folio Number: Dear Members Sub.: Deduction of tax at source ("TDS") on payment of Dividend We are pleased to inform you that the Board of Directors at their Meeting held on Wednesday, 20th May, 2026 has recommended a final dividend of Rs. 1/- per share (10%) on 9,76,48,345 Equity Share of Rs.10/- each for the financial year 2025-26, subject to the approval of the Members of the Company, at the ensuing Annual General Meeting of the Company. The final dividend, as recommended by the Board of Directors, and if approved by the Members at ensuing Annual General Meeting, will be paid to those eligible Members holding the equity shares of the Company either in demat form or in physical form, as on the record date that will be fixed for determining eligibility of the Member to receive dividend. As you are aware, as per the provisions of the Income Tax Act, 2025 ('Ace), dividend paid or distributed by a company shall be taxable at the hands of shareholders. Therefore, the Company is required to deduct tax at source at the rates applicable on the amount distributed to the shareholders. This communication provides a brief on the applicable Tax Deduction at Source ('TDS') provisions under the Act for Resident and Non-Resident shareholder categories. I. For Resident Shareholder Catego Appli Applicability and documents required ry of cable Sha re h Rate olders Reside 10% (a) No tax shall be deducted on the dividend payable to resident individuals if: lndivid Total dividend amount to be received by them during the tax year 2026-27 does uals not exceed Rs.10,000/- or having The shareholder provides online filed Form 121 (applicable to Individuals below valid and above the age of 60 years and person for receipt of certain incomes without deduction of tax), provided that all the required eligibility conditions are met. Please note that all fields are mandatory to be filled up and Company may at its sole discretion reject the form, if the prescribed requirements under the Act are not fulfilled. The template of Form 121 is attached as Annexure 1. Exemption certificate is issued by the Income tax department, if any. In case, shareholders provide certificate under section 395(1) of the Act, for lower/NIL withholding of taxes, rate specified in the said certificate shall be considered, on submission of self-attested copy to the Company. Depositories have enabled mechanism for electronic submission and simplified the process for submitting Form 121 for resident shareholders holding shares in dematerialized form. The form can be submitted through your Depository i.e. Central Depository Services (India) Limited (CDSL) or National Securities Depositories Limited (NSDL) for all demat holdings linked to your PAN. In such cases, there is no requirement to submit the form separately to the Company or RTA. The details for submission of Form 121 - Part A through CDSL and NSDL are as under: Partic CDSL NSDL ulars Submi CDSL Electronic SPEED-e Mobile App or IDeAS ssion Submission platform Platfo Web https://www.cdslindia.com/Form Visit the NSDL portal and register link to 121/Form121Login.aspx for NSDL e-Services (IDeAS), if access not already registered. https://eservices.nsdl.com/Secur eWeb/HomeLogin.isp Upon successful registration, log in as a SPEED-e Users. From the left-hand menu, select "Form 121-Part A submission", enter the required details, and submit the form. Reside 20% In case, shareholders do not have PAN/ invalid PAN/PAN is not linked with nt Aadhar/not registered their valid PAN details in their account, TDS at a higher rate of lndivid 20% shall be applicable as per section 397(2) of the Act. uals having PAN / discrep ancy in Reside Nil Insurance Companies: Self declaration that it qualifies as 'Insurer' as per section nt Non- 2(7A) of the Insurance Act, 1938 and has full beneficial interest with respect to lndivid the ordinary (equity) shares owned by it along with self-attested copy of PAN uals card and certificate of registration with Insurance Regulatory and Development Authority ORDAWLIC/GIC Mutual Funds: Self-declaration that it is registered with SEBI and is qualifying for exemption under Schedule VII [Table: SI. No. 20 or 21] to section 11 of the Act, along with self-attested copy of PAN card and certificate of registration with SEBI. Alternative Investment Fund (AlF): Self-declaration that its income is exempt under Schedule V [Table: SI. No. 1] to section 11 of the Act, and they are registered with SEBI as Category I or Category II AIF along with self-attested copy of the PAN card and certificate of AIF registration with SEBI. New Pension System (NPS) Trust: Self-declaration that it qualifies as NPS trust and income is eligible for exemption under Schedule VII [Table: SI. No. 41] to section 11 of the Act and being regulated by the provisions of the Indian Trusts Act, 1882 along with self-attested copy of the PAN card. Template of self-declaration is enclosed as Annexure 2. Other non-individual shareholders: Self-attested copy of documentary evidence supporting the exemption along with self-attested copy of PAN card. (0 In case shareholders provide certificate under section 395(1) of the Act for lower/NIL withholding of taxes, rate specified in the said certificate shall be considered on submission of self-attested copy of certificate to the Company. II. For Non-resident Shareholders Category of Applicable Applicability and documents required Shareholders Rate Non - residents 20% (Plus Surcharge & Cess as As per domestic tax law: applicable) Taxes are required to be withheld in accordance with the provisions of section 393(2) [Table SI. No 17] read with section 207(1) [Table SI. No. 1] of the Act. The withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable. In case non-resident shareholders provide a certificate issued under section 395(1) of the Act for lower/NIL withholding of taxes, rate specified in the said certificate shall be considered. As per Double Tax Avoidance Agreement (DTAA): As per Section 159 of the Act, the non-resident shareholder has the option to be governed by the provisions of the DTAA between India and country of tax residence of the shareholder, if they are more ben [Showing first 8,000 characters — download PDF for full document]