Updates

Dated: June 29, 2026 Listing Department Listing Department BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Mumbai – 400051 Scrip Code: 532349 Scrip Symbol: TCI Sub: Communication to Shareholders: Intimation on Tax Deduction at Source (“TDS”)/ withholding tax on final dividend for financial year ended March 31, 2026 (“FY26”) Dear Sir/Madam, Please find enclosed herewith a specimen of an e-mail which is being sent to the shareholders whose email addresses are registered with the Registrar to an Issue and Share Transfer Agent/ Depositories intimating about the applicable provisions of the Income Tax Act, 2025 (“the Act”), relating to TDS on the final dividend for FY26, recommended by the Board on May 26, 2026, subject to approval of shareholders at 31st Annual General Meeting ("AGM") to be held on Thursday, July 30, 2026 through Video Conferencing ("VC") and the procedure to be followed by the shareholders for submission of relevant forms, documents, etc. The above information is also available on the Company’s website at www.tcil.com. You are requested to take the above information on your records. Thanking you, For Transport Corporation of India Limited Hansa Sharma Company Secretary & Compliance Officer (A42616) Encl: a/a TRANSPORT CORPORATION OF INDIA LIMITED CIN: L70109TG1995PLC019116 Regd. Off: 306-307, 1-8-273,3rd Floor, Ashoka Bhoopal Chambers, SP Road, Secunderabad-500 003 Corp Off: TCI House, 69, Institutional Area, Sector -32, Gurugram-122001 Ph. No. 0124 2381603-07, Fax: 0124 2381611, Email: secretarial@tcil.com Date: Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Sub: Final Dividend for FY26 - Communication on Tax Deduction at Source (TDS)/Withholding Tax on Dividend Dear Shareholder, We are pleased to inform you that the Board of Directors of the Company at their meeting held on May 26, 2026, recommended a final dividend of Re. 1/- per equity share having face value of Rs. 2/- each for the financial year ended on March 31, 2026, subject to approval of shareholders at 31st Annual General Meeting ("AGM") to be held on Thursday, July 30, 2026, through Video Conferencing ("VC"). The said dividend will be paid to the shareholders holding shares as on the record date i.e. Friday, July 17, 2026. Pursuant to the amendments introduced in the Income Tax Act, 2025 ('the Act'), the Company will 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 the documents submitted by them and accepted by the Company. Accordingly, the recommended final dividend, will be paid after deducting the tax at source as follows: A. Resident Shareholders: Tax Deduction Exemption Applicability and Documentation Category of Shareholder Rate Requirements Any Resident Shareholder who 10%* Update valid PAN if not already done with furnishes valid Permanent Account depositories (in case of shares held in Demat Number (PAN) linked with Aadhar, mode) and with the Company's Registrar to an wherever applicable. Issue and Share Transfer Agent - KFin Technologies Limited (in case of shares held in physical mode). Any Resident Shareholder (without/ 20%* invalid/ inoperative PAN) Resident individuals submitting Form NIL Declaration in Form No. 121, fulfilling certain 121 conditions. Click here to download Form 121. You can also download Form 121 from the Income Tax website https://www.incometaxindia.gov.in/web/guest /income-tax-forms-2026 Availability of lower/nil tax deduction Rate specified - Self-attested copy of PAN Card certificate issued by Income Tax in lower tax - Self-attested copy of lower/NIL withholding Department u/s 395 of the Act withholding tax certificate obtained from Income Tax certificate authorities. obtained from Income Tax Department. Insurance Companies: Public and Other NIL - Documentary evidence that the provisions Insurance Companies of Section 393 of the Act are not applicable. Also provide declaration as per Annexure 1. Persons covered under Section 393 of NIL Documentary evidence that the person is the Act (e.g. Mutual Funds, Business covered under Section 393 of the Act. Also Trust, Alternative Investment fund, provide declaration as per Annexure 1. Govt. etc.) *Notwithstanding the above, tax would not be deducted on payment of dividend to Resident Individual Shareholder, if total dividend to be received during tax year 2026-27 does not exceed ₹ 10,000. B. Non-Resident Shareholders: Category of Tax Deduction Rate Exemption Applicability and Documentation Requirements Shareholder Any Non-Resident 20% (plus surcharge Non-Resident Shareholders may opt for a tax rate under the Shareholder, Foreign and education cess as Double Taxation Avoidance Agreement ("DTAA"). The DTAA Institutional applicable)/ DTAA rate, rate shall be applied for withholding the tax on submission of Investors, Foreign whichever is lower the following documents: Portfolio Investors provided requisite (FII, FPI) documents have been  Self-attested copy of Tax Residency Certificate (TRC) for submitted. current financial year as obtained from the tax authorities of the country of which the Shareholder is resident;  Self-declaration in Form 41 (Click here to download Form 41) if all the details required in this form are not mentioned in the TRC;  Note: - As per Income tax provisions, foreign shareholders need to submit electronic Form 41, to be generated from Indian Income tax e-filing portal. (https://www.incometaxindia.gov.in/web/guest/income- tax-forms-2026)  Self-attested copy of the Permanent Account Number (PAN Card) allotted by the Indian Income Tax authorities, if available;  Self-declaration in the relevant annexures as given below, certifying the following points:  Shareholders are and will continue to remain a tax resident of the country of their residence for FY26;  Shareholders are eligible to claim the beneficial DTAA rate for the purposes of tax withholding on dividend declared by the Company;  Shareholders have no reason to believe that their claim for the benefits of the DTAA is impaired in any manner;  Shareholder is the ultimate beneficial owner of shares held in the Company and dividend receivable from the Company.  Shareholder does not have a taxable presence or a permanent establishment in India for FY26. Please note that the Company is not obligated to apply the beneficial DTAA rates at the time of tax deduction/ withholding on dividend amounts. Application of beneficial DTAA Rate shall depend upon the completeness and satisfactory review by the Company, of the documents submitted by Non- Resident Shareholder. a. If you are a FII/ FPI - declaration in Annexure 2. b. If you are an AIF located in IFSC - declaration in Annexure c. If you are a non-resident shareholder (except those who are tax residents of Notified Jurisdictional Area) - declaration in Annexure 4. d. If you are a Sovereign Wealth Fund claiming exemption under schedule V(7) - declaration in Annexure 5. e. If you are a Pension Funds claiming exemption under schedule V(7) Annexure 6. f. If you are a wholly owned subsidiary of Abu Investment Authority exemption under schedule V(7) - declaration in Annexure 7. Submitting Order Rate provided in the Lower/ NIL withholding tax certificate obtained from Income under section 395 of Order Tax authorities. the Act Updation of Bank Account Details Pursuant to SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026 issued to the Registrars to an Issue and Share Transfer Agents (RTA) read with other related SEBI Circulars and Regulation 12 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, SEBI has mandated that final dividend to the shareholders holding shares in physical mode shall be paid only through electronic mode. [Showing first 8,000 characters — download PDF for full document]