Updates

AWL/SEC/SE/2026-27/53 23rd October, 2026 BSE LTD. NATIONAL STOCK EXCHANGE OF INDIA LTD. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 1st Floor, Dalal Street, Bandra-Kurla Complex Fort, Mumbai – 400 023 Bandra (East), Mumbai - 400 051. Company Scrip Code: 517041 Company Symbol: ADOR Dear Sir / Madam, Sub: Communication to Shareholders - Intimation on Tax Deduction on Dividend Pursuant to the provisions of the Income Tax Act, 2025 and the Rules framed thereunder, as amended by the Finance Act, 2026, the dividend paid / distributed by a Company is taxable in the hands of the Shareholders, subject to certain threshold slabs. In this regard, please find enclosed herewith an e-mail communication which was sent to all the Shareholders of the Company, whose e-mail IDs are registered with the Company / RTA / Depositories on 23rd October, 2026, explaining the process on withholding/deducting tax from dividends paid to the Shareholders at prescribed rates, as may be applicable, along with the necessary annexures. The communication is also available on the website of the Company at http://adorwelding.com/events-2/ We hereby request you to make a note of it and acknowledge its receipt. Thanking you, Yours Sincerely, For ADOR WELDING LIMITED VINAYAK M. BHIDE COMPANY SECRETARY Encl.: As above ADOR WELDING LIMITED Regd. & Corporate Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001 – 16, Maharashtra, India. +91 22 6623 9300 I www.adorwelding.com 1800 233 1071 I care@adorians.com I +91 20 40706000 | CIN: L70100MH1951PLC008647 Muskan Rajesh Thawani Subject: ADOR WELDING LIMITED - Interim Dividend for the Financial Year 2026-27 and Tax Deduction at Source (TDS) on Dividend Ador Welding Limited Registered Office:- Ador House, 6, K. Dubash Marg, Fort, Mumbai-400001 Phone:- +91 22 6623 9300 / 2284 2525; Fax:- +91 22 2287 3083 E-mail:- investorservices@adorians.com; Website: - www.adorwelding.com CIN: - L70100MH1951PLC008647 23rd October, 2026 Dear Shareholder, Sub: Interim Dividend for the Financial Year 2026-27 and Tax Deduction at Source (TDS) on Dividend Trust you & your family are safe and in good health. We are pleased to inform you that the Board of Directors of your Company (“Board”), at its meeting held on Wednesday, 21st October, 2026, has declared Interim dividend of Rs. 7.5 per equity share (75%) of the face value of Rs. 10/- each, for the financial year 2026-27. The dividend, as declared by the Board, will be paid to the Shareholders holding equity shares, either in electronic or in physical form as on the record date, i.e. on Friday, 30th October, 2026. As you are aware, as per the provisions of the Income-tax Act, 2025 (as amended by Finance Act, 2026) (‘the Act’) and the Rules framed thereunder, dividend paid or distributed by a company shall be taxable in the hands of the Shareholders. Accordingly, the Company is required to deduct tax at source from dividend paid to the Shareholders. This communication provides a brief of the applicable Tax Deduction at Source (TDS) provisions under the Act for Resident & Non-Resident Shareholder Categories. I.For Resident Shareholders (Individual & Non-Individual) Tax is required to be deducted at source under Section 393(1) read with Section 393(4) of the Act, at the rate of 10% on the amount of dividend, where Shareholders have registered their valid Permanent Account Number (PAN). In case, Shareholders do not have PAN / have not registered their valid PAN details in their demat account or if PAN is invalid or declared to be inoperative on non-linking of PAN with Aadhaar, TDS at the rate of 20% shall be deducted under Section 397 of the Act. a. Resident Individual: No tax shall be deducted on the dividend payable to resident individuals if: i. The total dividend amount, to be received by them, during the Financial Year (FY) 2026-27 does not exceed Rs. 10,000/-; or ii. The Shareholder furnishes Form 121, provided that all the required eligibility conditions are met. Please note that all fields are mandatory to be filled up / in and the Company may, at its sole discretion, reject the form, if it does not fulfil the requirement of law. Format of Form 121 is enclosed herewith as Annexure 1. iii.Exemption certificate is issued by the Income-tax Department, if any. 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 the format attached in Annexure 2. i. Insurance companies: 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 along with self-attested copy of PAN card and certificate of registration with Insurance Regulatory and Development Authority (IRDA)/ LIC/ GIC. ii. Mutual Funds: Self-declaration that it is registered with Securities and Exchange Board of India (‘SEBI’) and is notified under Section 11 of Schedule VII of the Act along with self-attested copy of PAN card and certificate of registration with SEBI. iii. Alternative Investment Fund (AIF) established in India: Self-declaration that its income is exempt under Section 11 - Schedule V of the Act, and they are registered with SEBI as Category I or Category II AIF along with self-attested copy of the PAN card and certificate of AIF registration with SEBI. iv. New Pension System (NPS) Trust: Self-declaration that it qualifies as NPS trust and income is eligible for exemption under Section 11 of Schedule VII to / of the Act and being regulated by the provisions of the Indian Trusts Act, 1882, along with self-attested copy of the PAN card. v. Other Non-Individual Shareholders – Self-attested copy of documentary evidence supporting the exemption, along with self-attested copy of PAN card. II.For non-resident shareholders: a. Taxes are required to be withheld in accordance with the provisions of Section 393(2) of the Act, as per the rates, as applicable. As per the relevant provisions of the 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, Non-Resident Shareholders provide a certificate issued under Section 395 of the Act, for lower/ nil withholding of taxes, rate specified in the said certificate shall be considered, on submission of self-attested copy of the same. b. Further, as per Section 159 of the Act, the non-resident Shareholder 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 Shareholder, if they are more beneficial to them. For this purpose, i.e., to avail Tax Treaty benefit, the non-resident Shareholders are required to provide the following:  Self-attested copy of the PAN card allotted by the Indian Income-tax authorities. In case, PAN is not available, the non-resident Shareholder shall furnish (a) name, (b) email ID, (c) contact number, (d) address in residency country, (e) Tax Identification Number of the residency country (format attached herewith as Annexure 3).  Self-attested copy of Tax Residency Certificate (TRC) (For FY April 01, 2026 to March 31, 2027) obtained from the tax authorities of the country of which the Shareholder is a resident.  E-filed Form 41 (filed electronically on the Indian Income Tax web portal, pursuant to Notification no. 03/2022 dated July 16, 2022), valid for the period April 2026 to March 2027.  Self-declaration by the Shareholder of meeting treaty eligibility requirement and satisfying beneficial ownership requirement. (For FY April 01, 2026 to March 31, 2027) (format attached herewith as Annexure  In case of Foreign Institutional Investors and Foreign Portfolio Investors, a copy of SEBI registration certificate.  In case of Shareholder being tax resident of Singapore, please furnish the letter issued by the competent authority or any other evidence demonstrating th [Showing first 8,000 characters — download PDF for full document]