General Updates

IMIL/DIV/TDS/0626 June 20, 2026 By online submission BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, E x change Plaza, 5th Floor ,Plot No.C/1, G-Block, 1st Floor, New Trading Ring, Bandra Kurla Complex, Bandra (East), Rotunda Building, P J Towers, M u m b a i 4 00 051 Dalal Street, Fort, Email [cmlist@nse.co.in] Mumbai 400 001 Stock Code : IGARASHI Email [corp.relations@bseindia.com] Stock Code : 517380 Dear Sir, Subject: Communication sent to shareholders regarding deduction of tax at source on dividend for the FY 2025-26. Ref: Scrip Code 517380 (BSE) / Symbol IGARASHI (NSE) Please find enclosed the communication being sent to the Company's shareholders regarding the deduction of tax at source (TDS) on the final dividend for the Financial Year 2025–26, dated June 20, 2026. This communication is being sent to those shareholders whose email IDs are registered with the Company/Registrar and Share Transfer Agent (RTA) or with the Depositories. The said communication is also available on the Company's website at www.igarashimotors.com Kindly take note of the above information and take the same on record. Thanking You. Yours Faithfully, For Igarashi Motors India Limited P. Dinakara Babu Company Secretary & Compliance Officer IGARASHI MOTORS INDIA LIMITED Reg. Off & Plant 1: Plot B12 to B15, Phase II, MEPZ-SEZ, Tambaram, Chennai- 600 045, India CIN : L29142TN1992PLC021997, e-mail: investorservices@igarashimotors.co.in, Website: www.igarashimotors.com, Tel: +91-44-42298199/22628199 Igarashi Motors India Limited PLOTS NO. B-12 TO B-15 PHASE II, MEPZ - SEZ, TAMBARAM, CHENNAI - 600045. TAMILNADU, INDIA Corporate Identity Number: L29142TN1992PLC021997 Phone No : +91-44 2262 8199 Email id: investorservices@igarashimotors.co.in, website : www.igarashimotors.com 20th June, 2026 Dear Shareholder, FOLIO_DP_ID_CL_ID : XXXXXXXXXXXXXXXX NAME : XXXXXXXXXXXXXXXXXXXXXXXXXX Sub: Igarashi Motors India Limited - Final Dividend - Financial Year 2025-26 - Information required on TDS (under Section 393(1)/393(2)/393(5) of the Income-tax Act 2025) We hope this communication finds you safe and in good health. We are pleased to inform you that the Board of Directors at their Meeting held on May 21, 2026, have recommended Final Dividend of Rs. 1.30/- (Rupees One Rupee and Thirty Paisa only) per Equity Share of face value of Rs. 10/- (Rupees Ten Only) each for the financial year 2025-26, subject to approval of the shareholders at the ensuing 34 th Annual General Meeting (AGM) of the Company to be held on Friday, August 07, 2026. The Record date fixed for determining the eligibility of shareholders for the payment of final dividend is Friday, July 31, 2026. The final dividend would be paid to the eligible shareholders on or after Friday, August 7, 2026 but within a period of 30 days from the date of AGM. As you are aware that pursuant to changes in the Income-tax Act, 2025 ("the Act"), the Company is required to withhold taxes at the prescribed rates on the dividend paid to its shareholders effective from 01 April 2026. The withholding tax rate varies depending on the residential status of the shareholder and the documents submitted by them and accepted by the Company. TDS rate may vary depending on the residential status of the shareholder and the documents submitted to the Company in accordance with the provisions of the Act. A. TDS on Dividend payment to Resident Shareholders: For Resident Shareholders, Tax shall be deducted at source ("TDS") @ 10%* under Section 393(1) of the Act on the amount of dividend declared and paid by the Company during the Tax Year (‘TY’) 2026-27. In case of resident individual shareholder, where he/she is in receipt of dividend not exceeding Rs. 10,000/- in a financial year from the Company, there shall be no TDS deduction on the same: *TDS deduction is, however, subject to the following: S No. Particulars Rate of TDS applicable Section under the Act 1 PAN is not available/Invalid 20% 397(2) PAN/Inoperative Non-linking of PAN with Aadhaar (refer Note 1) 20% 397(2) Availability of lower/nil Tax deduction certificate issued by the Income Tax Rate specified in the Department under Section 395(1) of the 395(1) certificate Note 1: As per Section 262 of the Act read with Rule 162(3)(c) of the Income-Tax Rules, 2026("the Rules"), PAN is mandatorily required to be linked with Aadhaar. If PAN is not linked with Aadhaar, such PAN will be deemed in-operative and TDS will be required to be deducted at higher rates under Section 397(2) of the Act. No TDS shall be deducted on dividend payments to resident shareholders if following documents are submitted to the Company/Cameo/ on or before July 24, 2026. S No. Category TDS rate Documents required 1 Resident shareholder having NIL Form 121 (applicable to resident individuals and valid PAN linked attached as Annexure 1 , provided that the eligibility conditions are being met. Acceptance of Form 121 shall be subject to completeness and review by the Company. 2 Shareholders to whom NIL  Copy of PAN card section 393(1) of the Act does not apply, such as LIC, GIC,  Self-declaration (Please download the Link Business Trust (REIT, InVIT) given as Annexure-2, at the end of this etc communication), along with adequate documentary evidence (e.g., registration certificate), to the effect that the no tax withholding is required as per provisions of section 393(1) of the Act. 3 Shareholder covered under NIL  Copy of PAN card Section 393(5) of the Act such as Government, RBI,  Self-declaration (Please download he Link corporations established by given as Annexure-2, at the end of this Central Act & mutual funds. communication), along with adequate documentary evidence, substantiating applicability of 393(5) of the Act. 4 Category I and II Alternate NIL  Copy of PAN card Investment Fund specified under Schedule V to section  Self-declaration (Please download the Link 11 of the Act given as Annexure-2, at the end of this communication) that AIF’s income is exempt under Schedule V to Section 11 of the Act and they are governed by SEBI regulations as applicable to Category I or Category II AIFs, along with copy of registration certificate. 5 Mutual Funds specified under NIL  Copy of PAN card Schedule VII Table: Sl. No. 20 or 21 to Section 11 of the Act  Self-declaration (Please download the Link given as Annexure-2, at the end of this communication), along with adequate documentary evidence, substantiating applicability of 393(5) of the Act. 6 New Pension System (NPS) NIL Self-declaration with respect to category selection as Trust per format along with documentary evidence for coverage under Schedule VII Table Sl. No. 41 to Section 11 of the Act 7  Recognised NIL Necessary documentary evidence as per the Circular provident funds No. 18/2017 issued by the Central Board of Direct Taxes (CBDT)  Approved superannuation fund  Approved gratuity fund 8 Any resident shareholder NIL Necessary documentary evidence substantiating exempted from TDS exemption from deduction of TDS deduction as per the provisions of the Act or by any other law or notification B. TDS on Dividend payment to Non-Resident Shareholders: For Non-resident shareholders, TDS is required to be withheld in accordance with the provisions of Section 393(2) of the Act at the rates in force plus applicable surcharge and cess. The table below gives the TDS rates applicable to non-resident shareholders subject to documents mentioned thereunder. These documents need to be shared on or before Friday, July 24, 2026. In case, the documents mentioned below are not furnished, TDS shall be deducted at 20% plus applicable surcharge and cess: Particulars TDS Rate Documents 1 Foreign Institutional Investors 20% (plus 1. FPI registration certificate in case (FIIs) / Foreign Portfolio applicable of FIIs / FPIs. Investors (FPIs) / Other Non- surcharge and Resident shareholders cess) or Tax 2. To avail beneficial rate of Tax treaty rate, tre [Showing first 8,000 characters — download PDF for full document]