Updates

PPFL/SE/2026-2027/030 September 04, 2026 BSE Limited National Stock Exchange of India Ltd. 25th Floor, P.J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 542907 Scrip Symbol: PRINCEPIPE Dear Sir/Madam, Sub: Communication in respect of TDS on Final Dividend for FY 2025-26 Pursuant to the provisions of the Income-tax Act, 2025, please find enclosed herewith an email communication which has been sent on September 03, 2026 to all the shareholders having their email IDs registered with the Company/ Depositories explaining the process of deduction of tax at source at the prescribed rates on dividend along with the necessary details. This is for your information and dissemination. This is for your information and records. Thanking you, Yours Faithfully, For Prince Pipes and Fittings Limited Jyoti Sancheti Company Secretary & Compliance Officer FCS: 9639 Corp. Off.: The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India. T: 022-6602 2222 F: 022-6602 2220 E: info@princepipes.com W: www.princepipes.com Regd. Off.: Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235. CIN: L26932DN1987PLC005837 Printed on 100% Recycled Paper ♻ PRINCE PIPES AND FITTINGS LIMITED CIN: L26932DN1987PLC005837 Regd Off: Survey No. 132/1/1/3, Athal Road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli - 396235 Corp Off: 8th Floor, The Ruby, 29, Senapati Bapat Marg, (Tulsi Pipe Road), Dadar West, Mumbai 400028 Tel No.: 022-6602 2222 | Fax No.: 022 6602 2220 Email id.: investor@princepipes.com | Website: www.princepipes.com Communication of Tax Deducted at Source on Dividend (Under Section 393(1) Sl. No. 7/Section 393(2) Sl. No. 17 of the Income Tax Act, 2025 (corresponding to Section 194/195 of The Income Tax Act 1961) September 03, 2026 Dear Shareholder, The Board of Directors at its meeting held on May 19, 2026 have recommended a dividend as under: Type of Dividend % of Dividend per share Amount of Dividend Dividend for the Financial Year 10% per Equity share of Rs. Rs. 1/- per share ended March 31, 2026 10/- each The above dividend is subject to approval of the Members at the 39th Annual General Meeting of the Company to be held on Wednesday, September 16, 2026. In accordance with provisions of the Income-tax Act, 2025 (“Act”) dividend declared and paid by the Company is taxable in the hands of its shareholders, and accordingly the Company is required to deduct tax at source (“TDS”) at the applicable rates. However, no TDS shall be deducted on the dividend payable to a resident individual if the total dividend to be received by them during Tax Year (TY) 2026-27 does not exceed INR 10,000/-. In view of the above, the Company would be deducting TDS as per the applicable provisions and TDS rates, while paying the dividend for the said Tax Year. The details of the tax deduction rates and the document requirements are listed below for each category of shareholder: Category of Tax Exemption applicability/ Documentation requirement shareholder Deduction Rate For Resident Shareholders A. Shareholders with duly registered valid Permanent Account Number (PAN) Any resident 10% Update the PAN if not already done with depositories (in shareholder case of shares held in Demat mode) and with the Company’s Registrar and Transfer Agent – MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) in case of shares held in physical mode. No deduction of taxes in the following cases - • If dividend income to a resident Individual shareholder during TY 2026-27 does not exceed INR 10,000/-; • If the shareholder is exempted from TDS provisions through any circular or notification and provides an attested copy of the PAN along with the documentary evidence in relation to the same. Resident NIL Shareholders providing Unified Form 121 (Corresponding individuals to Form 15G/ 15H (applicable to resident individuals) - submitting along with the copy of self-attested PAN. Incomplete Form 121 Forms will be considered/liable to be rejected. [corresponding to Form 15G/15H under Income Tax Act Order under Rate Lower/NIL withholding tax certificate obtained from section 395 of provided in Income Tax authorities. Income Tax Act the order 2025 (corresponding to Section 197 of Income Tax Act 1961) Insurance NIL Documentary evidence that the provisions of Section Companies: 393(1), Table Sl. No. 7 of the Income Tax Act, 2025 Public & Other (corresponding to Section 194 of the Income tax Act 1961) Insurance are not applicable. Companies Corporation NIL Documentary evidence that the person is covered under established by section 393(5) of Income Tax Act 2025 (corresponding to or under a Section 196 of Income Tax Act 1961). Central Act which is, under any law for the time being in force, exempt from income- tax on its income. Mutual Funds NIL Documentary evidence that the person is covered under covered under section 393(5) of Income Tax Act 2025 (corresponding to Section 196 of Income Tax Act 1961). Self-attested Copy of valid SEBI registration Certificate. Alternative NIL Documentary evidence that the person is covered by Investment Notification No. 51/2015 dated June 25, 2015. Self- fund (Category-I attested Copy of valid SEBI registration Certificate. and Category-II) B. Shareholders WITHOUT duly registered valid Permanent Account Number (PAN) Other resident 20% Update the PAN if not already done with depositories (in shareholders case of shares held in Demat mode) and with the without Company’s Registrar and Transfer Agent – MUFG Intime registration of India Private Limited (in case of shares held in physical PAN or having mode). Invalid PAN For Non-Resident Shareholders Any Non- 20% / Tax Non-resident shareholders may opt for tax rate under the resident Treaty rate Double Taxation Avoidance Agreement (“Tax Treaty”). The shareholder, whichever Tax Treaty rate shall be applied for tax deduction at source Foreign is lower on submission of the following documents to the Institutional (increased company: Investors, by Foreign surcharge Self-attested copy of Tax Residency Certificate (TRC) (of TY Portfolio and cess 2026-27 or calendar year 2026), valid as on date of Investors (FII, wherever declaration of dividend obtained from the tax authorities FPI) applicable) of the country of which the shareholder is resident. Self-declaration confirming not having a Permanent Establishment in India and eligibility to Tax Treaty benefit (of TY 2026-27 or calendar year 2026). Electronically Filed Form 41 (corresponding to Form 10F of Income Tax Act 1961) on Income Tax Portal as per Notification No. 03/2022 dated July 16, 2022 issued by the Income Tax Department. TDS shall be recovered at 20% (plus applicable surcharge and cess) if any of the above-mentioned documents are not provided. Further, please provide a copy of the PAN Card, if registered with the Indian tax authorities. The Company is not obligated to apply the Tax Treaty rates at the time of tax deduction/withholding on dividend amounts. Application of Tax Treaty rate shall depend upon the completeness of the documents submitted by the non- resident shareholder and are in accordance with the provisions of the Act. Submitting Rate Lower/NIL withholding tax certificate obtained from Order under provided in Income Tax authorities. Section 395 of the Order Income Tax Act 2025 (corresponding to Section 197 of Income Tax Act 1961) Important Notes: 1. Recording of the valid Permanent Account Number (PAN) for the registered Folio/DP ID- Client ID is mandatory. In absence of a valid PAN, the tax will be deducted at a higher rate of 20% as per Section 397 of Income Tax Act 2025 (corresponding to section 206AA of Income Tax Act 1961). 2. Shareholders holding shares under multiple accounts under different status/category and single PAN, may note that, higher of the tax as applica [Showing first 8,000 characters — download PDF for full document]