Communication w.r.t. TDS on Dividend is enclosed

Date: July 23, 2026 VCL/SE/28/2026-27 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai -400 051 Scrip Code: 516072 NSE Symbol: VISHNU Through: BSE Listing Centre Through: NEAPS Sub: Communication in respect of deduction of tax at source on dividend pay-out Dear Sir/ Madam, As per the Income Tax Act, 2025, ("IT Act"), dividends paid or distributed by a Company after April 1, 2020, is taxable in the hands of the shareholders. In this regard, please find enclosed herewith an email communication which has been sent on July 22, 2026, to all the shareholders having their email ID‟s registered with the Company/Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates along with the necessary annexures. This communication can also be accessed on the website of the Company www.vishnuchemicals.com. This is for your information and records. Thanking You. Yours faithfully, For Vishnu Chemicals Limited Vibha Shinde Company Secretary & Compliance Officer Encl: as above CIN: L85200TG1993PLC046359 Regd. Off: Plot No. C-23, Road No. 8, Film Nagar, Jubilee Hills, Hyderabad – 500 096 Tel: 040-23396817, 23327723/ 29; Fax: 040-23314158 Website: www.vishnuchemicals.com; Email id: investors@vishnuchemicals.com Date: July 22, 2026 COMMUNICATION ON TAX DEDUCTION ON DIVIDEND Dear Shareholder, We are pleased to inform you that the Board of Directors of the Company at their Meeting held on May 30, 2026, recommended a Final Dividend of Rs. 0.30 per Equity Share of Rs.2/- each (i.e.15%) for the Financial Year ended March 31, 2026, and the said Final Dividend will be payable post approval of the shareholders at the ensuing Annual General Meeting of the Company to be held on Friday, August 28, 2026. The record date fixed for determining the eligibility of Members for payment of dividend is Friday, August 21, 2026. The dividend would be paid to the eligible members within a period of 30 days from the date of AGM, i.e., on or before September 27, 2026, electronically only to those members who have updated their bank account details with their Depository Participants ("DPs") where shares are held in demat form and with the Company's RTA, where the shares are held in physical form. As per the Income Tax Act, 2025, ("IT Act"), dividends paid or distributed by a Company after April 1, 2020, is taxable in the hands of the shareholders. The Company is, therefore required to deduct tax at source (“TDS”) from dividend paid to the members at the applicable rates. TDS rate may vary depending on the residential status of the shareholder and the documents submitted to and accepted by the Company under the provisions of the Act. Resident Individual Members: For Financial Year 2026-27 taxes shall be deducted at source under Section 393 of the IT Act as follows:- Particulars Applicable Tax Rate Members having valid PAN 10% Members not having PAN / invalid PAN 20% Submission of lower/nil tax deduction Rate specified in the certificate certificate issued by Income Tax Department u/s 395 of Income Tax Act, 2025 Kindly note that no tax shall be deducted on the dividend payable to a Resident Member (Individual), if the total dividend to be received by them during Financial Year 2026-27 does not exceed ₹ 10,000. Where the PAN is either not registered or is invalid, tax shall be deducted at source at a rate which is higher of the prescribed TDS rates or @ 20%. Resident Non Individual Members: In case of a certain class of resident shareholders other than individuals who are covered under provisions of Section 393(1)(7) or Section 393(4)(10) or Section 393(6)(a) of the Act, no tax shall be deducted at source ('NIL rate'), subject to submission of sufficient documentary evidence thereof, along with exemption notification, if any, as per the relevant provisions of the Income Tax Act, to the satisfaction of the Company. This illustratively includes following: i. Insurance Companies: Public Sector & other insurance companies: A declaration that it has a full beneficial interest with respect to the shares owned by it along with a self-attested copy of PAN card. ii. Mutual Funds: Self-declaration that they are specified and covered under Sch. VII(21) of the Act along with a self-attested copy of PAN card and registration certificate. iii. Alternative Investment Fund ('AIF'): AIF established/incorporated in India - Self-declaration that its income is exempt under Sch. V(1) of the Act and they are governed by SEBI Regulations as Category I or Category II AIF along with a self-attested copy of the PAN card and registration certificate. iv. Corporation established by or under a Central Act which is, under any law for the time being in force, exempt from income-tax on its income: Self-declaration specifying the specific Central Act under which such corporation is established and that their income is exempt under the provisions of the Act along with a self attested copy of the PAN card and registration certificate. v. Other Resident Non-Individual Shareholders: Shareholders who are exempted from the provisions of TDS as per Section 393(1)(7) of the Act or who are covered under Section 393(4)(10)of the Act shall also not be subjected to any TDS, provided they submit an attested copy of the PAN along with the documentary evidence in relation to the same. Note: Application of NIL rate at the time of tax deduction / withholding on the dividend is subject to completeness and satisfactory review by the Company/RTA, of the documents submitted by such Member. Notwithstanding anything contained above, in case where the shareholders provide a certificate under Section 393(6)(a) of the Act for lower / NIL withholding of taxes, the rate specified in the said certificate shall be considered, based on submission of self-attested copy of the same. Non-Resident Members: Availing Benefits of DTAA by Non-Resident Members: Taxes are required to be withheld in accordance with the provisions of Section 393 of the IT Act as per the rates in force. As per the relevant provisions of the IT Act, the withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable to them. In case, certificate issued under Section 395 of the IT Act is given by nonresident shareholders for lower/ Nil withholding of taxes, rate specified in the said certificate shall be considered based on submission of self-attested copy of the same. Pursuant to provision of Section 159 of the Act, the non-resident member has the option to be governed by the provisions of the Double Tax Avoidance Agreement ("DTAA") between India and the country of tax residence of the member, if they are more beneficial to them. For this purpose, i.e., to avail the Tax Treaty benefits, the non-resident member will have to provide the following: a. Self-attested copy of Permanent Account Number (PAN) if allotted, by the Indian Income Tax Authorities. b. Self-attested copy of Tax Residency Certificate (TRC) issued by the competent authority or tax authority of the country of which Member is tax residence, evidencing and certifying Member's tax residency status in the country of residency during the Financial Year 2026-27; c. Electronically Filed Form 41 on Income Tax Portal d. Self-declaration in the format enclosed, certifying that - i. Member is and will continue to remain a tax resident of the country of its residency during the Financial Year 2026-27; ii. Member does not have Permanent Establishment in India in accordance with the applicable Tax Treaty (of FY 2026-27 or later) i. Member is eligible to claim the beneficial DTAA rate for the purposes of tax withholding on dividend declared by the Company; ii. Member has no reason to believe that its claim for the benefits of the DTAA is impaired in any manner; iii. Member is the ultimate be [Showing first 8,000 characters — download PDF for full document]