General Updates

tutARurrwSsuzurl MSIL: COS: NSE&BSE: 2026107 05 lOth July 2026 Vice President General Manager National Stock Exchange of India Limited Department of Corporate Services "Exchange Plaza", Bandra - Kurla Complex BSE Limited Bandra (E), Phiroze Jeejeebhoy Towers Mumbai - 400 051 Dalal Street, Mumbai - 400 001 Subiect: Communication on deduction of Tax at Source Dear Sir(s), In terms of the provisions of the Income Tax Act, 2025 (*lT Act"), as amended from time to time, dividend declared by the Company is taxable in the hands of the Members and the Company is required to deduct tax at source ("TDS") on dividend at the applicable rates. In this regard, please find enclosed herewith an email communication which has been sent to the eligible members on 10th July 2026, indicating the process and documentation required to comply with the applicable TDS provisions. Kindly take the same on record Thanking You, Yours truly, ForMaruti Suzuki India Limited Sanjeev Grover Executive Officer & Company Secretary MARUTI SUZUKI INDIA LIMITED Reglstered and Head Ofice: Maruti Suanki lndia Limited, 1, Nelson Mandela Road, Vasant Kuni, New Delhi - 11fl)70, lndla Tel: 011-46781000 Emall ld : contact@narutl.co.ln, www.marutlsualkl.com CIN : 134103D11981 P1C011375 Maruti Suzuki India Limited CIN: L34103DL1981PLC011375 Regd. Off: Plot No.1, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070 Tel.: +91-11-46781000 Website: www.marutisuzuki.com Email: investor@maruti.co.in 10th July 2026 Subject : Maruti Suzuki India Limited ("MSIL" / "the Company") - Dividend for the Financial Year ("FY") 2025 – 26 – Communication on deduction of tax at source Dear Member, We wish to inform you that the Board of Directors ("Board") of the Company has, in its meeting held on 28th April 2026, recommended a final dividend of Rs. 140/- per equity share having a nominal value of Rs. 5/- each for the FY ended on 31st March 2026. The dividend on equity shares for the FY ended 31st March 2026, if declared at the ensuing Annual General Meeting, will be paid to those Members whose names appear in the register of members / beneficial owners as at the close of business hours on Friday, the 7th August 2026. In accordance with the provisions of the Income Tax Act, 2025 ("IT Act"), as amended from time to time, dividend declared by the Company is taxable in the hands of the Members and the Company is required to deduct tax at source ("TDS") on dividend at the applicable rates. Please take note of the below TDS provisions and information/document requirements for each Member: A. Resident Members: A.1 No tax shall be deducted on payment of dividend to the resident individual Members, if the total dividend for a financial year does not exceed Rs. 10,000 (Rupee Ten Thousand), subject to availability of PAN of Member. A.2 Tax shall be deducted from Dividend payable to Resident Members (other than category prescribed under A.1 above) as per the details provided below: Applicable Declaration/ documents Particulars Rate of Tax required Where valid PAN is updated with 10% Not applicable the Depository Participant (in case shares are held in dematerialized form) or with Company's Registrar and Transfer Agent ("RTA") i.e., KFin Technologies Limited (in case shares are held in physical form) and no exemption is sought by the resident Member No PAN/ Invalid PAN/ Inoperative 20% Not applicable PAN* and no exemption sought by Member Note: In case of a Member being resident individual eligible for obtaining Aadhaar Number have not linked the Aadhar Number allotted with its PAN (as on the date of payment of such dividend), such PAN would be treated as inoperative for the provisions of deduction of TDS. Where lower tax deduction Rate specified in • Copy of PAN card certificate is issued by Income Tax Lower tax • Copy of lower tax Department under Section 395(1) withholding withholding certificate of the IT Act certificate obtained from Income Tax obtained from Department Income Tax Department Note: The certificate should be valid for the financial year 2026 – 27 and should cover the dividend income from the Company. *As per Section 262 of the IT Act, every person who has been allotted a PAN and who is eligible to obtain Aadhaar, shall be required to link the PAN with Aadhaar, except person exempted as per Notification No. 37/2017. In case of failure to comply to this, the PAN allotted shall be deemed to be inoperative and tax shall be deducted at higher rates as prescribed under the IT Act. A.3 No tax shall be deducted on Dividend to Resident Members if the Members submit documents mentioned in the below table with the RTA: Particulars Documents required (if any) Individual furnishing • Copy of PAN card Form 121 • Form 121, provided that all the required eligibility conditions are met. Format of Form 121 is given in the link below. Submitting NIL • Copy of PAN card withholding tax • NIL withholding tax certificate obtained from tax Certificate under Section authority. 395(1) of the IT Act Note: The certificate should be valid for the financial year 2026 - 27 and should cover the dividend income from the Company. Members covered u/s • Copy of PAN card 393(4) [Table: Sl No. 10] • Self-declaration (refer format SD1 given in the link of the IT Act [e.g. LIC, below) along with adequate documentary evidence GIC] (e.g., registration certificate) to the effect that no tax withholding is required pursuant to the provisions of Section 393(4) [Table: Sl No. 10] of the IT Act. Category I and II • Copy of PAN card Alternative Investment • Self-declaration (refer format SD1 given in the link Fund (AIF) below) that the AIF is registered with SEBI as per SEBI Regulations along with copy of registration certificate along with the confirmation that their income is exempted from tax in terms of notification no. 51/2015 issued by CBDT. Persons covered under • Copy of PAN card Section 393(5) of the IT • Self-declaration (refer format SD1 given in the link Act (e.g. Mutual Funds below) along with documentary evidence (e.g., specified under Schedule registration certificate) that the person is covered VII (Table: Sl. No. 20/21) under said Section 393(5) of the IT Act. of the IT Act, RBI, Govt.) Other Members exempt • Copy of PAN card as per IT Act including • Self-declaration (refer format SD1 given in the link those mentioned in below) along with documentary evidence to the effect Circular No. 18/2017 that no tax withholding is required. issued by CBDT viz. • Copy of the lower TDS certificate obtained from New Pension System Income Tax Department (except those covered by Trust governed by Circular 18/2017). Schedule VII (Table: Sl. No. 41) and relevant Schedules of IT Act for Recognized Provident Fund, Approved Superannuation Fund or Approved Gratuity Fund B. Non-Resident Members: As per Section 159 of the IT Act, the Non-Resident Member has the option to be governed by the provisions of the Double Taxation Avoidance Agreement ("Tax Treaty") between India and the country of tax residence of the Member, if they are more beneficial to them. Please refer to the below table for the details of documents to avail Tax Treaty benefits: Applicable Particulars Documents required (if any) Rate Non-Resident 20% plus If the Member wants to avail the tax rates as per Members (including applicable the Tax Treaty, following documents would be Foreign Institutional surcharge and required: Investors (FIIs) / cess • Self-attested copy of the Permanent Foreign Portfolio Account Number (PAN) allotted by the Investors FPIs)) OR Indian Income Tax authorities. except if specifically • Self-attested copy of Tax Residency falling under any of Tax Treaty Certificate (TRC) issued by the the below categories Rate competent authority of the country of Member's residency, evidencing and (Whichever is certifying the tax residency status of the lower) Member in the country of residency during the Financial Year 2026 - 27. • Electronically generated Form 41 from the link htt [Showing first 8,000 characters — download PDF for full document]