Updates

HITACHI June 29, 2026 The Secretary, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, 5th Floor, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543187 Scrip Symbol: POWERINDIA Dear Sir/ Madam, Subject: Communication to Shareholders in respect of deduction of Tax at source on Dividend Pursuant to the applicable provisions of the Income Tax Act, 2025, as amended by the Finance Act, 2026, dividend income is taxable in the hands of the Shareholders. In this regard please find enclosed herewith an email communication which has been sent to all the Shareholders having their email ID’s registered with the Company/Depositories, elaborating the process to be followed in respect of the applicability of tax deduction and formalities to be complied by the Shareholders to ensure appropriate deduction of tax on the dividend, if declared and payable during the financial year 2026-27. The above information is also hosted on the website of the Company at: https://www.hitachienergy.com/in/en/investor-relations. Kindly take the same on your records. Thank you, Yours faithfully, For Hitachi Energy India Limited Poovanna Ammatanda General Counsel and Company Secretary Encl.: as above Hitachi Energy India Limited Registered and Corporate Office: 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092 E-mail: investors@hitachienergy.com Phone: 080 68473700 CIN: L31904KA2019PLC121597 hitachienergy.com/in H IITACHI Hitachi Energy India Limited CIN: L31904KA2019PLC121597 Registered office: 8 Floor, Brigade Opus 70/401, Kodigehalli Main Road, Bengaluru-560092 Phone no: +91 80 6847 3700 Website: www.hitachienergy.com/in Email: investors@hitachienergy.com June 29, 2026 Dear Member, Ref: Folio / DP Id & Client Id No: Name of the Member: Subject: Communication in respect of Deduction of Tax at source on Dividend declared for the financial year ended March 31, 2026 We are pleased to inform you that the Board of Directors of Hitachi Energy India Limited ('the Company') at their Meeting held on May 25, 2026, have recommended a final Dividend of INR 8.00/- (Rupees Eight only) i.e., (400%) per equity share on face value of INR 2.00/- each for the financial year ended March 31, 2026 (i.e., April 01, 2025 to March 31, 2026). The Board has fixed August 21, 2026, as the Record Date for determining the Shareholders entitled to receive the said dividend. The said dividend payment is subject to the approval of the Shareholders at the ensuing Annual General Meeting scheduled to be held on August 28, 2026. Pursuant to the applicable provisions of the Income-tax Act, 2025 ('the Act') as amended by the Finance Act, 2026, dividend paid by a Company, shall be taxable in the hands of the Shareholders and the Company shall be required to withhold taxes at the prescribed rates on the dividend paid to its Shareholders. The withholding tax rate would vary depending on the residential status, category of the Shareholder and is subject to provision of requisite declarations / documents to the Company. However, no tax will be deducted on payment of dividend to the Resident Individual Shareholders if the total dividend for the Tax Year 2026-27, does not exceed INR 10,000/-. Shareholders are requested to take note of the Tax Deduction at Source ('TDS') rates and document(s), if any, required to be submitted to the Company on or before August 14, 2026 for their respective category, in order to comply with the applicable TDS provisions. A.RESIDENT SHAREHOLDERS: A.1 Tax deductible at source for Resident Shareholders (other than Resident Individual Shareholders receiving dividend not exceeding INR 10,000 during the Tax Year 2026-27) Sr. Declaration / Documents Particulars Tax Rate No. Required 1 Valid PAN updated with the Regis-trar and 10% N.A Transfer Agent ('RTA') in case shares are held in physical form; or depository participant in case shares are held in dematerialized form and no exemption sought by Shareholder; and Aadhaar linked with PAN. Aadhaar linking will be verified by the Company from the Government enabled online facility 2 No / Invalid PAN/ PAN invalid due to non- 20% N.A linking of Aadhar registered with the RTA in case shares are held in physical form; or depository participant in case shares are held in dematerialized form and no exemption sought by Shareholder. 3 Availability of lower/nil tax deduction Rate specified in Lower tax • Self-attested Copy of PAN certificate issued by Income Tax Department withholding certificate card u/s 395(1) of the Act. obtained from Income Tax • Copy of lower tax Department withholding certificate obtained from Income Tax Department A.2 Nil Tax Deductible at Source on dividend payment to Resident Shareholders if the Shareholders submit documents mentioned in column no.3 of the below table with the RTA Particulars Declaration / documents required 1 Resident Individual Shareholder submitting Form 121 • Self-attested Copy of PAN card (previously Form 15G / 15H) • Declaration in Form No. 121 (previously Form 15G applicable to any person other than a Company or a Firm) / Form 121 (previously Form 15H applicable to an Individual who is 60 years and above), fulfilling prescribed conditions. • Refer Annexure-1 - Form 121 2 Insurance Companies to whom Section 393(4) of the Annexure-2 Act does not apply. 3 Shareholder covered u/s 393(5) of the Act such as Annexure-2 Government (Central/State), RBI, Mutual Funds specified at Schedule VII (Sl. No. 20 or 21 of the table), corporations established by Central Act and exempt from Income Tax. 4 Category I and II Alternative Investment Fund (AIF) u/s Annexure-2 393(4) read with Notification 51/2015, issued under Income-tax Act 1961. 5 National pension scheme u/s 393(9) specified at Annexure-2 Schedule VII (Sl. No. 41 of the table) 6 Entities falling under Circular 18/2017 issued under Annexure-2 Income-tax Act 1961.- recognized PF fund, Superannuation fund, gratuity fund. 7 Any other entity exempt from withholding tax under Annexure-2 the provisions of Section 393(4) of the Act KINDLY NOTE THAT ONLY THOSE FORM 121 (PREVIOUSLY 15G / 15H FORMS) SHALL BE CONSIDERED WHICH ARE FOUND COMPLETE IN ALL RESPECTS AND NO FURTHER OPPORTUNITY FOR RESUBMISSION OF THE FORM(S) WILL BE PROVIDED. FURTHER, SHAREHOLDERS ARE REQUIRED TO SUBMIT A SEPARATE FORM 121 FOR EACH DIVIDEND PAID DURING THE YEAR TO AVAIL THE BENEFIT OF NON-DEDUCTION OF TDS. B.NON-RESIDENT SHAREHOLDERS: Tax deductible at source for non-resident shareholders. Particulars Withholding tax rate Declaration / documents required 1 Non-resident 20% (plus applicable To avail beneficial rate as per provisions of applicable Double shareholders surcharge and cess) Taxation Avoidance Agreement, read with Multilateral or tax treaty rate Instrument between India and the country of tax residence of whichever is the Member, Non-Resident Shareholder shall provide the beneficial following documents: • Self-attested Copy of PAN card (if available) • Copy of Tax Residency certificate issued by revenue authority of country of residence of Shareholder for the Tax Year 2026-27 (covering the period from April 01, 2026 to March 31, 2027) obtained from the revenue authorities of the country of tax residence, duly attested by the Shareholder • Self-Declaration Form 41 (previously Form 10F) • Self-declaration for no permanent establishment / fixed base / business connection in India, place of effective management, beneficial ownership and eligibility to avail tax treaty benefit [on Shareholder's letter head] (As per Annexure-3) (Note: Application of beneficial Tax Treaty Rate shall depend upon the completeness and satisfactory review by the Company of the documents submitted by the Non-Resident Shareholders. In case the documents are found to be incomplete, the Company reserves the right to not [Showing first 8,000 characters — download PDF for full document]