General Updates

BSL/SEC/2026-27/22 17th July, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza Bandra–Kurla, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai–400051 (Maharashtra) (Maharashtra) Scrip Code : 503722 Symbol : BANSWRAS Sub: Communication to Shareholders: Intimation of Tax Deduction at Source (TDS) / withholding tax on Dividend for FY 2025-26 Dear Sir/Madam, Pursuant to Regulation 30 read with Sub-para 12 of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), please find enclosed an email communication which is being sent to all the Shareholders; whose email addresses are registered with the Company / Company's Registrar to an Issue and Share Transfer Agent viz. Computech Sharecap Limited or Depositories; inter alia indicating the process and documentation required for claiming tax exemption on dividend for FY 2025 - 26. The above information is also available on the website of the Company at www.banswarasyntex.com. This is for your information and records. Yours faithfully For BANSWARA SYNTEX LIMITED SHALEEN TOSHNIWAL Managing Director DIN : 00246432 Encl. As above CIN: L24302RJ1976PLC001684 Regd Office: Industrial Area, Dahod Road, Post Box No. 21, Banswara – 327 001, Rajasthan. Contact: +91(2962)240692, 257694, 257680 Corporate Office: 4-5th Floor, Gopal Bhawan, 199, Princess Street, Mumbai – 400 002 Phone: +91 22 66336571-76 Email: secretarial@banswarasyntex.com Website: www.banswarasyntex.com THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Intimation of Tax Deduction at Source (TDS) / Withholding Tax on Dividend for Financial Year 2025- Date: 17th July 2026 User ID / Folio Number / Beneficiary ID Number: Name of Investor: Dear Shareholder, We are pleased to inform you that the Board of Directors of the Company, at its Meeting held on May 19, 2026 has recommended a dividend of Re. 1 (20%) per equity share of face value of Rs. 5 each for the Financial Year ended March 31, 2026. The Board has fixed Thursday, July 23, 2026, as the record date for determining entitlement of members to receive the dividend. The dividend, if approved by the Members, will be paid within the prescribed period of 30 days from the date of the forthcoming Annual General Meeting (“AGM”) scheduled to be held on Thursday, July 30, 2026. As per the Income Tax Act, 2025 (“Act”), dividends paid and distributed by a Company shall be taxable in the hands of the Shareholders. The Company shall, therefore, be required to deduct tax at source (“TDS”) at the time of making the payment of the dividend at the rates applicable on the amount distributed to the shareholders, if approved at the forthcoming AGM. All shareholders are requested to ensure that the details such as Permanent Account Number (PAN), residential status, category of shareholder (e.g. Domestic Company, Foreign Company, Individual, Firm, LLP, HUF, Foreign Portfolio Investor (FPI), Foreign Institutional Investor (FII), Government, Trust, Alternate Investment Fund - Category I, II or III, etc.), email id and address, bank mandate are updated, in their respective demat account(s) maintained with the Depository Participants. Please note that these details as available on the Record Date i.e. July 23, 2026, will be relied upon by the Company for the purpose of complying with the applicable withholding tax provisions. As per the SEBI notification dated November 18, 2025 read with Master Circular for Registrar to an Issue and Share Transfer Agents (“RTA”) dated February 6, 2026 companies are required to pay dividends to shareholders only through electronic mode. Accordingly, dividends will be withheld by the Company where bank details are inadequate or not registered for electronic remittance. Shareholders holding shares in physical folios are requested to note that SEBI vide its circular 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. The shareholders holding shares in physical form are requested to register their PAN and KYC details with the Company/ RTA for payment of dividend(s). The relevant investor service request forms in this regard are available on the website of the Company at www.banswarasyntex.com and RTA at www.computechsharecap.com This communication provides a brief of the applicable TDS / Withholding tax provisions under the Act for Resident and Non-Resident shareholder categories. I. FOR RESIDENT SHAREHOLDERS Tax is required to be deducted at source under Section 393(1) Table Sr. No. 7 of the Act at the rate of 10% on the amount of dividend, where shareholders have registered their valid PAN. In case, shareholders do not have PAN or have invalid PAN or have not registered their valid PAN details with their Depository Participant / the Company's Registrar to an Issue and Share Transfer Agent or shareholder's PAN is not linked with Aadhaar, TDS at the rate of 20% shall be deducted under Section 397(2) of the Act. a. Resident Individuals No tax shall be deducted on the dividend payable to resident individuals if: 1. Total dividend amount to be received from the Company during the Tax Year 2026-27 does not exceed Rs. 10,000; as per Section 393(4) Table Sr. No.10; or 2. The shareholder provides Form 121 (applicable to resident individuals / including Individuals above the age of 60 years), provided that all the required eligibility conditions are met. Please note that all fields are mandatorily to be filled up and the Company may at its sole discretion reject the form, if it does not fulfil the prescribed requirement of law; or 3. Exemption certificate, if any, issued by the Income-tax Department Click here to download Form 121 (Annexure - 1) Note: Recording of PAN for the registered Folio / DP Id-Client Id is mandatory. b. Resident Non-Individual No tax shall be deducted on the dividend payable to the following resident non-individuals where they provide details and documents as per format of Declaration regarding Category and Beneficial Ownership of shares. Category of Tax Deduction Exemption Applicability/ Documents required Shareholders Rate Insurance NIL Documentary evidence that the provisions of Section 393 Companies [Table Sr. No. 10] of the Act are not applicable to them 1. PAN 2. Registration certificate 3. Self-declaration that it qualifies as 'Insurer' as per Section 2(7A) of the Insurance Act, 1938 and has full beneficial interest with respect to the ordinary shares owned by it. (Click here for Annexure - 2) Mutual Funds NIL Documentary evidence to prove that the mutual fund is a mutual fund specified under Section 11 of Schedule VII [Table Sr. No. 20] of the Act and is covered under Section 393(5) of the Act along with Self-declaration that it is registered with SEBI and is specified under Schedule VII (Table: Sr. No. 20 or 21) of the Act. (Click here for Annexure - 2) Alternative NIL Documentary evidence that the person is covered by Investment fund Notification No. 51/2015 dated June 25, 2015 by the (AIF) Ministry of Finance (CBDT) established/ (OR) incorporated in Self-declaration that its income is exempt under Section 11 - India Schedule V [Table Sr. No. 1] of the Act and they are governed by SEBI regulations as Category I or Category II AIF along with the following documents 1. Self-attested copy of the PAN card 2. Registration certificate 3. Self-declaration that its income is exempt under Schedule V (Table Sl. No. 1) of the Act and they are registered with SEBI as Category I or Category II AIF. (Click here for Annexure - 2) New Pension NIL 1. Self-attested copy of the PAN card System (NPS) 2. Self-declaration that it qualifies as NPS trust and its Trust income is eligi [Showing first 8,000 characters — download PDF for full document]