Updates

September 16, 2026 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C-1, Block-G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400051 Mumbai – 400001 NSE Symbol: MANYAVAR BSE Scrip Code: 543463 Madam / Sir, Sub: Intimation regarding communication sent to shareholders on deduction of tax at source (TDS) on Dividend pertaining to FY 2025-26 Ref: Information under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) In accordance with the provisions of the Income-tax Act, 2025 ("the IT Act"), dividend payable by the Company for the Tax Year 2026-27 is taxable in the hands of its shareholders and the Company is required to deduct tax at source (“TDS”) from dividend paid to the shareholders at the applicable rates. To this effect, a communication to shareholders regarding deduction of tax at source on dividend (“TDS Communication”), explaining the process and applicable requirements relating to TDS on the dividend and including the relevant annexures and documents to be submitted by eligible shareholders, has been sent to those shareholders whose e-mail IDs are registered with the Company or the RTA or the Depositories. A copy of the said TDS Communication is enclosed herewith for ready reference and is also available on the website of the Company, viz., www.vedantfashions.com. The above is for your information and records. Thanking you. For Vedant Fashions Limited Navin Pareek Company Secretary & Compliance Officer Membership No.: F10672 Encl – As above Vedant Fashions Limited Registered Office: 19, Canal South Road, Paridhan Garment Park, SDF-1. 4th Floor, A501-A502, Kolkata: 700015, Phone: +91 3361255353 Email: info@vedantfashions.com | Website: www.vedantfashions.com | CIN: L51311WB2002PLC094677 Registered Office: A501-A502, SDF-1, 4th Floor, Paridhan Garment Park, 19 Canal South Road,Kolkata-700 015, WB (IN) CIN: L51311WB2002PLC094677 Phone: 033-61255353 E mail Id: secretarial@manyavar.com Website:www.vedantfashions.com Date: September XX, 2026 Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Subject: Communication on deduction of tax at source on dividend Dear Shareholder(s), We are pleased to inform you that the Board of Directors of Vedant Fashions Limited ('the Company'), at its meeting held on May 08, 2026, inter-alia, recommended a Final Dividend of ₹ 7.75/- (Indian Rupees Seven and Seventy-Five Paisa only) per equity share (face value of ₹ 1/- each) for the Financial Year ('FY') ended March 31, 2026, subject to the approval of the shareholders at the ensuing 24th Annual General Meeting ('AGM') scheduled to be held on Monday, September 28, 2026. The dividend of ₹ 7.75/- per equity share, if approved by the shareholders in the AGM, will be paid to the shareholders on the basis of the details of beneficial ownership furnished by the Depositories and, in respect of shares held in physical form, to those Members whose names appear on the Register of Members of the Company as at the close of business hours on Monday, September 21, 2026 ('Record Date'). The dividend is proposed to be paid on or after Tuesday, September 29, 2026. In accordance with the provisions of the Income-tax Act, 2025 ("the IT Act"), dividend declared and paid by the Company is taxable in the hands of the shareholders for Tax Year 2026-27 (FY 2026-27). The Company shall, therefore, be required to deduct tax at source ('TDS') at the applicable rates on the dividend payable to its shareholders as prescribed under the IT Act, read with the applicable Double Taxation Avoidance Agreements ('Tax Treaties'), wherever applicable. The rate of TDS will vary depending on the residential status of the shareholder and the documents submitted to, and duly accepted by, the Company. Accordingly, the above-referred Final Dividend will be paid after deducting TDS as under for Tax Year 2026-27 and the shareholders are required to furnish the relevant documents / information as per the details below for the period April 1, 2026, to March 31, 2027: A. Resident Shareholders Applicable Particulars Applicability and documents required (if any) Rate Valid PAN 10% • TDS would not be deducted on payment of dividend to a Resident Individual Shareholder, if the total dividend paid / payable to such shareholder during Tax Year 2026-27 does not exceed ₹ 10,000. No / Invalid PAN 20% • Shareholders are requested to update their PAN, if not already done, with the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agent ('RTA') - KFin Technologies Limited ('KFin') (in case of shares held in physical mode). • Shareholders may visit https://ris.kfintech.com/form15 and register their PAN / Email ID / Mobile Number before the Record Date, so that TDS is deducted at 10% (where applicable). • Alternatively, the aforesaid documents may be sent by email to the Company at complianceofficer@manyavar.com with a copy to the RTA at einward.ris@kfintech.com. PAN is not linked with 20% • Where a shareholder, being an individual eligible to obtain an Aadhaar as required under Aadhaar number, has not linked such Aadhaar number with his / her section 262(6) (Inoperative PAN in accordance with section 262(6) read with Rule 162 of the PAN) Income-tax Rules, 2026 ['the IT Rules'] before the Record Date, such PAN would be treated as inoperative for the purposes of deduction of tax at source and tax will be deducted at 20%. As per section 262(6) of the IT Act, every person who has been allotted a PAN and who is eligible to obtain Aadhaar is required to link the PAN with Aadhaar, except persons exempted vide Notification No. 37/2017 issued under the Income-tax Act, 1961 (now, the Income-tax Act, 2025). In case of failure to comply, the PAN allotted shall be deemed to be inoperative and tax shall be deducted at higher rates as prescribed under the IT Act. Submission of Form 121 by Nil • Shareholders to submit a copy of valid PAN card along with a resident individual declaration in Form No. 121 at https://ris.kfintech.com/form15. shareholder Refer Annexure A for the format of Form 121. • Alternatively, the aforesaid documents may be sent by email to the Company at complianceofficer@manyavar.com with a copy to the RTA at einward.ris@kfintech.com. • Resident Individual Shareholders may alternatively submit Form 121 (declaration for receipt of dividend without deduction of tax) through their depository participants, i.e. National Securities Depository Limited (NSDL) or Central Depository Services (India) Limited (CDSL), both of which have been enabled to accept Form 121 electronically. With the Income-tax Act, 2025 and the Income-tax Rules, 2026 coming into effect from April 1, 2026, a single form, Form 121, has been prescribed in place of the erstwhile Forms 15G and 15H. Accordingly, individual shareholders are requested to submit Form 121 for Tax Year 2026-27. Any declaration submitted in the erstwhile Forms 15G / 15H will not be accepted for Tax Year 2026-27. Please note that all fields in the Form are mandatory and the Company may reject forms which do not fulfil the requirements of law. Availability of lower / NIL Rate • Shareholders to submit a copy of the valid lower / NIL withholding deduction certificate provided in tax certificate obtained from the tax authorities. issued under section 395 the • The required documents can be submitted online at of the IT Act certificate https://ris.kfintech.com/form15. • Alternatively, the aforesaid documents may be sent by email to the Company at complianceofficer@manyavar.com with a copy to the RTA at einward.ris@kfintech.com. Note: The certificate should be valid for Tax Year 2026-27 and should cover the dividend income from the Company. Mutual Funds specified at Nil • A self-declaration in the format prescribed [Showing first 8,000 characters — download PDF for full document]