Communication to Shareholders- Tax Deduction on Interim Dividend Payout.

November 06, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block - G, Bandra Kurla Street, Mumbai - 400 001 Complex, Bandra (East), Mumbai - 400 051 Scrip Code:530367 Symbol: NRBBEARING Subject: Communication to shareholders - Tax Deduction on Interim Dividend payout Dear Sir/Madam, Pursuant to the changes introduced by the Finance Act 2020, the Dividend Distribution Tax has been abolished with effect from April 01, 2020 and the Dividend income has become 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 whose email addresses are registered with the Company/Depositories, inter-alia, indicating the process and documentation required for claiming tax exemption on Interim Dividend. Kindly note that all the documents/declarations should be submitted by the shareholders on or before Wednesday, November 11, 2026 by 5:00 p.m. (IST) in order to enable the Company to determine and deduct appropriate TDS/withholding tax rate as applicable. The aforesaid information is also being made available on the website of the Company at: www.nrbbearings.com Kindly take the above information on record. Thanking you, For NRB BEARINGS LIMITED Khyati Danani Company Secretary & Compliance Officer Membership no. A21844 Date: November 05, 2026 Dear Shareholders, Sub: Communication to shareholders - Tax Deduction on Dividend payout We are pleased to inform you that the Board of Directors at its meeting held on Wednesday, November 04, 2026, has declared interim dividend of Rs. 2.50/- (Rupees Two and (cid:976)ifty paise only) per equity share of face value of Rs. 2.00/- each, i.e., 125% (One hundred and twenty (cid:976)ive percent), for the (cid:976)inancial year 2026-27. The Company has (cid:976)ixed Wednesday, November 11, 2026 as the ‘Record Date’ for determining entitlement of members to interim dividend. Pursuant to the SEBI master circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024 read with Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated June 10, 2024 (“SEBI Circulars”), it is mandatory for all the shareholder(s) holding shares in physical form to update their PAN, Contact Details (Postal Address with PIN code and Mobile Number), Bank A/c details, Specimen Signature and Nomination for their corresponding folio. In case if any of such details/documents are not registered with MUFG Intime India Private Limited (formerly Link Intime India Private Limited), Company’s Registrar and Share Transfer Agent (“RTA”), such folio(s) shall be considered as KYC non-compliant, and such shareholder(s) shall be eligible to receive any dividend/interest payments only through electronic mode effective from April 1, 2024, upon updation of the required details with RTA. The relevant investor service request forms in this regard are available on the website of the Company at https://www.nrbbearings.com and RTA https://web.in.mpms.mufg.com/KYC- downloads.html As you are aware, as per the Income Tax Act, 2025 (the “Act”) and the Rules framed thereunder, as amended by the Finance Act, 2026, dividends paid or distributed by a company after April 1, 2020 shall be taxable in the hands of the Shareholders. Your Company shall therefore be required to deduct tax at source at the time of making the payment of interim dividend as per the categories mentioned below: A: Resident Shareholders: A.1 Tax deductible at source for Resident Shareholders (other than resident individual shareholders receiving dividend not exceeding Rs.10,000/- during FY 2026 – 27) Sl. Particular TDS rate Declaration / documents No. required 1 Valid PAN updated with the 10% N.A. Depository Participant in case shares are held in dematerialized form; or Registrar and Transfer Agent (‘RTA’) in case shares are held in physical form and no exemption sought by Shareholder. 2 No / Invalid PAN with the Depository 20% N.A. Participant in case shares are held in dematerialized form; or RTA in case shares are held in physical form and no exemption sought by Shareholder. 3 Availability of lower/nil tax deduction Rate speci(cid:976)ied in ● Copy of PAN card / certi(cid:976)icate issued by Income Tax Lower TDS Copy of lower TDS certi(cid:976)icate Department u/s 395 of the Act certi(cid:976)icate obtained obtained from Income Tax from Income Tax Department Department. 4 Bene(cid:976)it under Rule 203 In case where ● Copy of PAN card shares are held by intermediaries ● Declaration u/s 390 of the /Custodian and TDS Income Tax Act, 2025 r. w. is to be applied by Rule 203 of the Income Tax the Company in the Rules, 2026 (Please download PAN of the Annexure-9, from the website bene(cid:976)icial of the Company) along with shareholders, then adequate documentary intermediaries and bene(cid:976)icial evidence, substantiating the shareholders will nature of the entity have to provide a declaration.  Copy of the lower TDS certi(cid:976)icate obtained from Income Tax Department (except those covered by Circular 18/2017) A.2 Nil Tax Deductible at Source on dividend payment to Resident Shareholders, if the Shareholders submit documents mentioned in table below with the Company/ RTA Sl. Particular Declaration / documents required 1 An Individual furnishing Form ● Copy of PAN card (refer point (iii) to the Notes below) ● Declaration in Form No. 121 (applicable to an individual), ful(cid:976)illing prescribed conditions. ● Resident shareholders who are eligible to provide declarations in Form 121 as may be applicable to them, may (cid:976)ill up the relevant declaration and submit at the link provided: https://easydividend.nexdigm.com/Shareholders ● The User Manual for (cid:976)illing and submission of declarations on the above link is enclosed with this communication. 2 Shareholders to whom section ● In order to provide exemption from withholding the taxes 393 of the Act does not apply on dividend payable, the shareholder has to provide self- such as LIC, GIC, Business declaration along with their registration with concerned Trust (REIT, InVIT) etc. authority about their category. (Please download Annexure-1, from the website of the Company) ● The aforesaid declaration is to be submitted through the following link- https://easydividend.nexdigm.com/Shareholders 3 Shareholder covered u/s 393 ● In order to provide exemption from withholding the taxes of the Act such as Government, on dividend payable, the shareholder has to provide self- RBI, Mutual Funds speci(cid:976)ied declaration along with their registration with concerned u/s read with Schedule VII, authority about their category. (Please download corporations established by Annexure-1, from the website of the Company) Central Act and exempt from Income Tax. ● The aforesaid declaration is to be submitted through the following link- https://easydividend.nexdigm.com/Shareholders 4 Category I and II Alternative ● In order to provide exemption from withholding the taxes Investment Fund (AIF) on dividend payable, the shareholder has to provide self- declaration along with their registration with concerned authority about their category. (Please download Annexure-1, from the website of the Company) ● The aforesaid declaration is to be submitted through the following link- https://easydividend.nexdigm.com/Shareholders 5 Any other entity exempt from ● In order to provide exemption from withholding the taxes TDS under the provisions of on dividend payable, the shareholder has to provide self- section 393 of the Act declaration along with their registration with concerned (including those mentioned in authority about their category. (Please download Circular No. 18/2017 issued Annexure-1 and 2, from the website of the Company) by CBDT) ● The aforesaid declaration is to be submitted through the following link- https://easydividend.nexdigm.com/Shareholders No tax will be deducted on payment of dividend to the resident individua [Showing first 8,000 characters — download PDF for full document]