Communication to Shareholders - Intimation regarding Tax deduction on Dividend.

Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email : ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com 4th November 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 BSE Code: 500264 Dear Madam / Sir, Sub: Communication to Shareholders - Intimation regarding Tax Deduction on Dividend. Pursuant to the Finance Act, 2020, with effect from 1st April 2020, dividend income is taxable in the hands of the Shareholders. In view of the above, please find enclosed herewith, an email communication which has been sent to all Shareholders whose email addresses are registered with the Company/Depositories. A copy of this communication is also being made available on the Company’s website at www.mafatlals.com. You are requested to kindly take the above information in your records. Thanking you, Yours faithfully, For Mafatlal Industries Limited Amish Shah Company Secretary Encl.: as above Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email : ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com Dear Shareholder(s), We wish to inform you that a Meeting of the Board of Directors of Mafatlal Industries Limited ('the company') held on 4th November 2026, In the Board Meeting, the Board declared an Interim Dividend of Re.1.00/- per equity shares of Face Value of Rs.2/- each for the Tax year 2026-27. The Interim Dividend, will be paid to Shareholders holding equity shares of the Company, either in electronic or in physical form, after determining eligibility of Shareholders entitled for payment of dividend, which will be based on the record date i.e Friday, November 13, 2026. Dividend declared or distributed or paid by a Company after April 1, 2020, is taxable in the hands of the Shareholders. The Company would therefore require to deduct tax at source at the time of distribution or payment of the said dividend. The tax so deducted will be paid to the Central Government (Note 1). The Tax Deducted at Source ('TDS') rate may vary depending on the residential status of the Shareholder and the documents submitted to the Company in accordance with the applicable provisions of the Act. The TDS for various categories of Shareholders along with required documents are provided in Table 1 and 2 below: Resident Shareholders: Category of Shareholder Deduction Exemption applicability/ Documentation requirement Rate Any Resident Shareholder 10% Update valid PAN, if not already done, with depositories (Note 4 and 5) (in case of shares held in demat mode) or with the Company's Registrar and Transfer Agent - Kfin Technologies Limited ("KFin") (in case of shares held in physical mode). No taxes will be deducted in the following cases -  If dividend income to a resident Individual Shareholder during TY 2026-27 does not exceed ₹ 10,000/- (Note 2)  If Shareholder is exempted from TDS provisions through any circular(s) or notification(s) and provides an attested copy of the PAN along with the documentary evidence in relation to the same (Note 3) Submitting Form 121 NIL Resident Individual Shareholder providing Form 121 (applicable to resident individuals/ including individuals above the age of 60 years ) on fulfilment of prescribed conditions. Blank Form 121 can be downloaded from the link given at the end of this communication (Note 6) Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email : ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com Order under section 395(1) of Rate provided Lower/NIL withholding tax certificate obtained from the Income-tax Act, 2025 in the order Income Tax authorities. Insurance Companies: Public & NIL Documentary evidence that the provisions of section 393 Other Insurance Companies of the Act are not applicable (Note 7) Corporation established by or NIL Declaration that it is a corporation established by or under under a Central Act which is, a Central Act whereby income-tax is exempt on the under any law for the time income and accordingly, is covered under section 393 of being in force, exempt from the Act, along with self-attested copy of registration income-tax on its income certificate and relevant extract of the section whereby the income is exempt from tax. (format attached herewith - Annexure B) Mutual Fund under schedule NIL Declaration that it is Mutual Fund specified under VII (Table: Sl. No. 20 or 21) read schedule VII (Table: Sl. No. 20 or 21) read with section 11 with section 11 of the Act and accordingly, is covered under section 393 of the Act, along with self-attested copy of registration certificate or notification, as the case may be. (format attached herewith -Annexure B) Alternative Investment Fund NIL Declaration that AIF income is exempt under Schedule V ('AIF') Table Sl. No. 1 read with section 11 of the Act as it has been granted a certificate of registration as a Category I or Category II AIF under the SEBI (AIF) Regulations, 2012 or under the International Financial Services Centre Authority Act, 2019 (format attached herewith - Annexure B). Also, to provide copy of registration document (self-attested). New Pension System (NPS) NIL Declaration that NPS Trust income is exempt under Trust Schedule VII (41) of the Act. Self-attested copy of registration document for establishment of said trust under the Indian Trust Act, 1882 along with self-attested copy of PAN card. Other resident Shareholder 20% without PAN or having Invalid PAN (Note 8 and 9) Table 2: Non-resident Shareholders Category of Shareholder Deduction Exemption applicability/ Documentation requirement Rate Regd. Office: 301-302, Heritage Horizon, 3rd Floor, off. C.G. Road, Navrangpura, Ahmedabad 380009. Email : ahmedabad@mafatlals.com Tel. 079-26444404–06. Marketing Off.: Mafatlal House, 5th Floor, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400 020. MAFATLAL INDUSTRIES LIMITED Tel. 91 022 6617 3636. CIN : L17110GJ1913PLC000035 Website : www.mafatlals.com Any non-resident 20% (plus Non-resident Shareholders may opt for tax rate under Double Shareholder (Note 11) applicable Taxation Avoidance Agreement ("Tax Treaty"). The Tax Treaty surcharge rate shall be applied for tax deduction at source on submission and cess) of following documents to the Company: or Tax a. Copy of PAN Card, if any, allotted by the Indian Treaty authorities. If PAN is not available, information to be rate, provided under Rule 217(2) of Income Tax Rules, 2026 whichever (format attached herewith - Annexure C) is lower b. Self-attested copy of Tax Residency Certificate (TRC) valid as on the Record Date, obtained from the tax authorities of the Country of which the Shareholder is resident valid for calendar year 2026/TY 2026-27 (covering the period from April 1, 2026 to March 31, 2027). c. Electronically filed Form 41 for TY 2026-27 from Income Tax website as per notification no.03/2022 dated 16th July 2022 issued by the Central Board of Direct Tax at the https://eportal.incometax.gov.in/iec/foservices/#/login. Accordingly, furnishing of Form 41 in any other format will not be considered valid. d. Self-declaration confirming not having a Permanent Establishment in India and eligibility to Tax Treaty benefit for TY 2026-27. (format attached herewith - Annexure D) The documents referred [Showing first 8,000 characters — download PDF for full document]