Updates

SCL/SE/2026-27/ 10th July, 2026 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (East) Dalal Street, MUMBAI – 400 051 MUMBAI – 400 001 SCRIP CODE: SHREECEM EQ SCRIP CODE 500387 Debt Segment NCD ISIN: INE070A07061 Debt Segment NCD ISIN: INE070A07061 Attn: Listing Department Sub: - Communication to Shareholders regarding Tax Deduction on Dividend Dear Sir/Madam, Pursuant to the provisions of the Income Tax Act, 1961 and the rules framed thereunder, as amended by the Finance Act, 2020, with effect from 1st April, 2020, the Dividend Distribution Tax is abolished and dividend income is taxable in the hands of the Shareholders. In view of the same, please find enclosed herewith, an email communication which has been sent to all Shareholders whose email addresses are registered with the Company/Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates along with necessary annexures. This is for your information and record. Thanking you, Yours faithfully, For SHREE CEMENT LIMITED (S.S. KHANDELWAL) COMPANY SECRETARY Shree Cement Limited Corporate office: DLF Epitome, Building No. 5, Tower B, 9th Floor, DLF Cyber City, Gurugram, Haryana - 122002 Tel.: +91-124-4699200 I www.shreecement.com I CIN: L26943RJ1979PLC001935 Registered Office: Bangur Nagar, Beawar, Rajasthan -305901 I Tel.: 01462-228101-06 I shreebwr@shreecement.com Group Corporate Office: 21 Strand Road, Kolkata, West Bengal - 700001 SHREE CEMENT LIMITED Registered Office: Bangur Nagar, Beawar-305 901, Rajasthan Phone: EPABX +91-1462-228101-6 E-Mail: investor@shreecement.com; Website: www.shreecement.com CIN: L26943RJ1979PLC001935 THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Date: July 09, 2026 Dear Member(s), Sub: - Deduction of tax at source on dividend We are pleased to inform you that the Board of Directors of Shree Cement Limited (‘the Company’), at its meeting held on May 06, 2026, recommended a Final Dividend of Rs. 70/- per Equity Share of Rs. 10/- each (i.e. 700%) for the financial year ended 31st March, 2026. The Final Dividend will be paid after approval by the shareholders at the Annual General Meeting of the Company scheduled to be held on Friday, 31st July, 2026. We are pleased to inform you that the Board of Directors of Shree Cement Ltd. (‘the Company’) at its meeting held on May 06, 2026 recommended a Final Dividend of Rs. 70/- per Equity Share of Rs. 10/- each (i.e. 700%) for the financial year ended March 31, 2026 and the amount of the said Final Dividend will be payable upon approval of the shareholders at the Annual General Meeting of the Company to be held on Friday, 31st July, 2026. The said dividend, if approved by the shareholders, would be paid within stipulated timelines prescribed under Companies Act, 2013, to all those Shareholders whose names appear on the Company's Register of Members as on the Record Date i.e. Friday, 17th July, 2026. Under the Income-tax Act, 2025 (‘the Act’), dividend income is taxable in the hands of shareholders. Accordingly, if the Final Dividend is approved by shareholders at the Annual General Meeting, the Company will deduct tax at source, wherever applicable, at the time of payment. The applicable TDS rate will depend on the shareholder’s residential status, category and documents submitted to the Company/Registrar and Transfer Agent. The table below provides a summary of the applicable TDS provisions and the documents required for resident and non-resident shareholders. # Category of Shareholder TDS Rate (%) Note ref. Documents A. RESIDENT SHAREHOLDERS: 1 Any Individual Shareholder 10 - Note: No deduction of tax in the following cases: 1. If dividend income from the Company to a NIL - resident Individual Shareholder during FY 2026-27 does not exceed Rs. 10,000/- and it is paid by any mode other than cash 2. If Shareholder is exempted from TDS provisions NIL 1 on the basis of any circular(s) or notification(s) 3. Individual Shareholder submitting Form 121 NIL 2 2 Insurance Companies- NIL 3 means Life Insurance Corporation of India, General Insurance Corporation of India, National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited, United India Insurance Company Limited and any other insurer as per Section 2(28BB) of the Act 3 Mutual Funds specified under Section 11 - NIL 3 Schedule VII (Table: SI. No. 20 or 21) 4 Corporation established by or under a Central Act NIL 3 which is, under any law for the time being in force, exempt from income-tax on its income 5 Alternative Investment Fund NIL 3 6 New Pension System (NPS) Trust NIL - 7 Any Shareholder who has obtained Order u/s. Rate mentioned in - 395(1) of the Act the order 8 Other resident shareholder without PAN/ Invalid 20 - PAN/ In-operative PAN (i.e., PAN-Aadhaar not linked) B NON-RESIDENT SHAREHOLDERS: 1 Any non-resident Shareholder Lower of- 20% - (plus applicable surcharge and cess) or Tax Treaty rate. 2 Foreign Institutional Investors, Foreign Portfolio Lower of- 20% - Investors (FII, FPI) (plus applicable surcharge and cess) or Tax Treaty rate. 3 Shareholder submitting Order under section Rate mentioned in - 395(1) of the Act the order DOCUMENTS TO BE SUBMITTED: RESIDENT SHAREHOLDERS: Resident shareholders may be eligible for NIL or lower TDS, as applicable, if the required documents are submitted in time and are found complete and valid. The documents required will depend on the shareholder category. 1. Reference is drawn to CBDT Circular No. 18/2017 dated 29.05.2017 as regards requirement of tax deduction at source in case of entities whose income is exempt and covered under Schedule VII to Section 11 of the Income-tax Act, 2025 and statutorily not required to file its Return of Income as per Section 263 or 349 of the Act . The said circular can be downloaded from the link given at the end of this communication. (Circular available at download link - 1) In case shareholder falls within the ambit of Circular No. 18/2017, documentary evidence in relation to the same should be submitted. In absence of such evidence, TDS will be deducted as stated above. 2. No tax if resident individual shareholder provides duly signed Form No.121 (including individual above the age of 60 years), provided that the eligibility conditions are met. The CBDT has revised Form 121, incorporating additional disclosures. Accordingly, shareholders are requested to carefully review the revised requirements and ensure that all columns are duly completed in the updated Form 121. Further, shareholders are required to fully complete Part-A (including the declaration therein) and Part-B (Sr. Nos. 8,9, 11 to 18 only). The Company-specific details in Part-B have been pre-filled for ease of reference. Please note that all fields mentioned in the forms are mandatory and the Company may reject the forms submitted, if not filled up correctly. Form 121 can be downloaded from the link given at the end of this communication. [Format available at download link - 2] 3. In case of any other insurer other than insurance companies mentioned here-in-above, self-attested copy of registration to be provided to the Company. If shares are not owned but has full beneficial interest, then, a declaration to that effect is required to be furnished to the Company. [Format available at download link - 3] 4. No TDS u/s. 393 of the Act if declaration is provided that it is a Mutual Fund specified u/s. in Section 11 - Schedule VII (Table: SI. No. 20 or 21) of the Act along with self-attested copy of registration certificate or notification, as the case may be. [Format available at download link - 3] 5. No TDS u/s. 393 of the Act if declaration is provided that it is a corporation established by or under a Central Act whereby income-tax is exempt on the income along with self- attested copy of registration certificate and relevant extra [Showing first 8,000 characters — download PDF for full document]