General Updates

8th September, 2026 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) The Department of Corporate Services The Listing Compliance Department Phiroze Jeejeebhoy Towers Exchange Plaza Bandra-Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 532966 Symbol: TITAGARH Dear Sir/Madam, Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”)- Communication to Shareholders w.r.t. Tax Deduction at Source on Dividend Pay-out. We are enclosing herewith an email communication sent to all the shareholders whose email addresses are registered with the Company/ Company’s Registrar and Share Transfer Agent or Depositories stating that pursuant to the provisions of the Income Tax Act 2026 as amended and read with the Finance Act 2026 the dividend declared and paid by the Company is taxable in the hands of the shareholders. Further the communication enumerates the process and documentation required for claiming tax exemption on dividend which is self-explanatory in nature. A copy of the aforesaid announcement will also be available on the website of the Company at www.titagarh.in This is for your intimation and record. Thanking you, yours faithfully, for Titagarh Rail Systems Limited Aditya Purohit Company Secretary & Compliance Officer M. No. ACS 27825 Encl. as above CIN: L27320WB1997PLC084819 Registered Office: Poddar Point, 10th Floor, 113 Park Street, Kolkata 700016, India Corporate Office: Titagarh Towers, 756 Anandapur, E.M Bypass, Kolkata 700107, India Phone:+91 33 40190800 Fax: +91 33 40190823 Email: corp@titagarh.in; Web: www.titagarh.in TITAGARH RAIL SYSTEMS LIMITED CIN: L27320WB1997PLC084819 Regd. Office: Poddar Point, 10th Floor, 113 Park Street, Kolkata – 700016 Corp Office: Titagarh Towers, 756, Anandapur, E. M. Bypass, Kolkata - 700107 Contact: +91 33 40190800, Fax: +91 33 40190823 Website: www.titagarh.in, Email: investors@titagarh.in Date: 08.09.2026 Dear Member, Sub: Communication of deduction of Tax at Source (TDS) on Dividend for the FY 2025-26. The Board of Directors of the Company at its Meeting held on 30th May, 2026, recommended payment of dividend of Re 1 (Rupee One only) (50%) per equity share of Rs. 2/- each (Rupees Two only) for the year ended 31st March 2026. The dividend will be paid to the members of the Company after declaration of dividend at the Annual General Meeting of the Company scheduled on 30th September, 2026. The Register of Members and Share Transfer Books will remain closed from 24th September 2026 to 30th September 2026 (both days inclusive) for determining the eligibility of members for payment of dividend. Payment of dividend, if approved at the Annual General Meeting, will be made to those members whose names will be on the Company’s Register of Members on 23rd September 2026 (‘Record Date’) and to those whose names will appear as Beneficial Owners as at the close of the business hours on 23rd September 2026 as per the details to be furnished by the Depositories, viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for this purpose. In accordance with the provisions of the Income Tax Act, 2025 as amended by and read with the provisions of the Finance Act, 2026, with effect from 1st April 2026, dividend declared and paid by the Company is taxable in the hands of its members and the Company is required to deduct tax at source (TDS) from dividend paid to the members at the applicable rates. SEBI vide its Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/ CIR/2021/655 dated November 3, 2021 (subsequently amended by Circular Nos. SEBI/HO/MIRSD/MIRSD_ RTAMB/P/CIR/2021/687 dated December 14, 2021, SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 March 16, 2023, SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 November 17, 2023 and SEBI/HO/MIRSD/POD- 1/P/CIR/2024/81 dated 10th June, 2024) has mandated that with effect from April 1, 2024, dividend to security holders (holding securities in physical form), shall be paid only through electronic mode. Such payment shall be made only after furnishing the PAN, choice of nomination, contact details including mobile number, bank account details and specimen signature. If the KYC details is not updated by the shareholder, then the dividend will be withheld by the Company. Members are requested to update their KYC details with the Company’s Registrar and Transfer Agents, M/s. Maheshwari Datamatics Pvt. Ltd., 23 R.N. Mukherjee Road, 5th Floor, Kolkata-700001 in the following manner: You are requested to send them duly completed ISR 1, ISR 2 and Choice of nomination (https://mdpl.in) with signature of the holders attested by your banker along with a cancelled cheque leaf with your name, account no. and IFSC Code printed thereon. In case your name is not printed on the cheque leaf, you are requested to send additionally bank attested copy of your passbook/bank statement showing your name, account no and IFSC Code. The Members holding shares in demat form are advised to keep the bank details updated with their depository participants. This communication summarises the applicable TDS provisions in accordance with the provisions of the Income Tax Act, 2025, for various categories, including Resident or Non-Resident members. 1. For Resident Members: Srl Particulars Applicable Rate Documents required (if any) (a) No TDS shall be deducted in the NIL - case of resident individual members, if the amount of such dividend in aggregate paid or likely to be paid during the financial year does not exceed Rs.10,000. (b) With PAN 10% Update/Verify the PAN, and the (Exceeding Rs. 10,000/-) residential status as per Income Tax under section 393(1) [Table: Act, 2025 if not already done, with S.No.7] the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agents – Maheshwari Datamatics Pvt. Ltd. (in case of shares held in physical mode). Or click on the following link : https://mdpl.in/login (c) Without PAN/ Invalid PAN 20% - under section 397(2) of the Act (d) Non Linking of PAN and Aadhaar 20% - (e) Submitting Form 121 NIL Declaration in Form No. 121 (applicable to any person other than a company or a firm) / Form 121 (applicable to an Individual who is 60 years and older), fulfilling certain conditions. Please note that the shareholders are required to fill Part A of Form 121 (in full; including the declaration thereto) and Part B (at Sr. No. 8 to 18 only). Shareholders may click on the following link for claiming Exemptions. https://mdpl.in/login (f) Submitting valid Certificate under Rate provided in the Lower/NIL withholding tax certificate Section 395 of the Act Certificate obtained from tax authority to be submitted through the following link https://mdpl.in/login (g) Mutual Fund specified under NIL Self-declaration that they are Section 393(5) of the Act specified in Section 393(5) and specified at Schedule VII (Table: Sl. No. 20 or 21) of section 11 of the Income Tax Act, 2025 along with self- attested copy of PAN card and SEBI registration certificate. The said documents to be submitted through the following link: https://mdpl.in/login (h) An Insurance Company exempted NIL Self-declaration that it has a full u nder Section 393(4) of the Act beneficial interest with respect to the shares owned by it and no tax is deductible as per provisions of Section 393(4) [Table: S. No. 10] of the IT Act 2025 along with self-attested copy of registration certificate and PAN card to be submitted through the following link: https://mdpl.in/login (i) Alternative Investment Fund (AIF) NIL Declaration that the shareholder is established in India: eligible for exemption under Schedule V [Table: Sl. No. 1] of section 11 of the Act and they are established as Category I or Category II AIF under the SEBI regulations, along with copy of self-attested certificate of AIF registr [Showing first 8,000 characters — download PDF for full document]