Communication to Shareholders- Intimation on Tax Deduction on Interim Dividend for FY 2026-27

Ref No. TSLL/59/2026-27 Date: 06th November 2026 Department of Corporate Services Listing Compliance BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. BSE Scrip Code: 520151 NSE Symbol: TRANSWORLD Dear Sir, Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) – Communication sent to shareholders regarding Tax Deduction at Source (TDS) on dividend income Kindly find enclosed herewith an e-mail communication which has been sent on Friday, November 06th, 2026 to all the shareholders of the Company whose e-mail IDs are registered with the Company / the Company’s Registrar & Share Transfer Agents viz. MUFG Intime India Private Limited / Depositories stating the process and documentation required from them for claiming tax exemption/ lower tax, if applicable, on the interim dividend payable to them for FY 2026-27. The said intimation shall be available on website of the company at https://www.transworld.com/transworld- shipping-lines/. You are requested to kindly take the same on record. Thanking you, Yours faithfully, For TRANSWORLD SHIPPING LINES LIMITED NAMRATA MALUSHTE COMPANY SECRETARY AND COMPLIANCE OFFICER Transworld Shipping Lines Limited Regd. Office : D-301-305, Level 3, Tower II, Seawoods Grand Central, Plot No. R1, Sector - 40, Nerul Node, Navi Mumbai - 400706. Tel.: +91 22 6811 0300 | CIN NO.: L63000MH1988PLCO48500 | E: investor.tsll@transworld.com | transworld.com/tsll TRANSWORLD SHIPPING LINES LIMITED Corporate Identity Number: L63000MH1988PLC048500 Registered Office: D 301-305, Level 3, Tower II, Seawoods Grand Central, Plot no. R1, Sector 40, Nerul Node, Navi Mumbai-400706. Website: https://www.transworld.com/transworld-shipping-lines/ E-mail ID: investor.ssll@transworld.com; Tel: No: +91 22 68110300 Communication to the Shareholders Date: 06th November 2026 Dear Shareholders, The Company is pleased to inform its shareholders that the Board of Directors of your Company at their meeting held on Friday, 06th November 2026 has declared an Interim Dividend at rate of 110% i.e. Rs. 11/- per on equity shares having face value of Rs. 10/- each for the financial year ended 2026-2027. The said Interim Dividend will be payable to those members whose names appear in the Register of Members/ list of Beneficial Owners as provided by the Depositories i.e. National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd (CDSL) as on Friday, 13th November 2026 (Record date fixed for interim dividend payment), after deducting Tax Deduction at Source (TDS), as applicable. The information regarding deduction of TDS on the interim dividend and submission of forms, as applicable, are provided below in this communication. This email communication is being sent to your e-mail address registered with the Depository Participant (DP) or the Company. DEDUCTION OF TAX AT SOURCE ON DIVIDEND: Members may note that as per the Income Tax Act, 2025 (“IT Act”), dividends paid or distributed by the Company shall be taxable in the hands of the Members and the Company shall be required to deduct TDS at the prescribed rates from the dividend to be paid to Members. The TDS rate would vary depending on the residential status of the Member and the documents submitted by them and accepted by the Company. To enable the Company to determine the appropriate TDS rate as applicable, Members are requested to submit relevant documents, as specified in the below paragraphs, in accordance with the provisions of the IT Act. • For Resident Shareholders TDS is required to be deducted at the rate of 10% under Section 393(1) [Table: SI. No.7] read with Section 393(4) [Table SI. No. 10] of the IT Act on the amount of dividend declared and paid by the Company in the Tax Year 2026-27 provided valid PAN is registered by the Members. If the valid PAN is not registered or linked to Aadhar, the TDS is required to be deducted at the rate of 20% under Section 397(2) of the IT Act. However, no tax shall be deducted on the dividend paid to resident individuals if aggregate dividend distributed or likely to be distributed during the Tax Year 2026-27 does not exceed Rs. 10,000. Even in the cases where the members provide valid Form 121 (for all individuals including those whose age is 60 years or above, with no tax liability on total income and income not exceeding maximum amount which is not chargeable to tax) no TDS shall be deducted. Please note that all fields mentioned in the Form are mandatory and the Company may reject the forms submitted, if they do not fulfil the requirement of the law. NIL / lower tax shall be deducted on the dividend payable to following resident shareholders on submission of self-declaration as listed below: i. Insurance companies: Declaration by shareholder qualifying as Insurer as per Section 2(7A) of the Insurance Act, 1938 along with self-attested copy of PAN card; ii. Mutual Funds: Declaration by Mutual Fund shareholder eligible for exemption under Schedule VII (Table: SI. No. 20 or 21) of section 11 of the IT Act along with self-attested copies of registration documents and PAN card; iii. Alternative Investment Fund (AIF) established in India: Declaration that the shareholder is eligible for exemption under Schedule V [Table: SI. No. 1] of Section 11 of the IT Act and they are established as Category I or Category II AIF under the SEBI regulations. Copy of self-attested registration documents and PAN card should be provided. iv. New Pension System Trust: Declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card. v. Other shareholders: Declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card. vi. Shareholders who have provided a valid certificate issued under Section 395(1) of the IT Act for lower / nil rate of deduction or an exemption certificate issued by the income tax authorities along with Declaration. • For Non-Resident Shareholders (including Foreign Portfolio Investors) Tax is required to be withheld in accordance with the provisions of Section 393(2) [Table Sl. No 17] read with section 207(1) [Table Sl. No. 1] of the IT Act at applicable rates in force. As per the relevant provisions of the IT Act, the tax shall be withheld @ 20% (plus applicable surcharge and cess) on the amount of dividend payable. However, as per Section 159 of the Act, a 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 the shareholder. For this purpose, i.e. to avail the tax treaty benefits, the non-resident shareholder will have to provide the following: i. Self-attested copy of PAN card, if any, allotted by the Indian income tax authorities; ii. Self-attested copy of Tax Residency Certificate (“TRC”) obtained from the tax authorities of the country of which the shareholder is resident; iii. Form 41 needs to be filed online on the income tax portal as required under Section 159(1) and 159(2) of the Act, 2025. Form 41 submitted online along with the acknowledgment generated from the income tax portal shall be submitted. Forms submitted in any other format will be considered as invalid; iv. Self-declaration by the non-resident shareholder of meeting treaty eligibility requirement and satisfying beneficial ownership requirement. v. In case of Foreign Institutional Investors and Foreign Portfolio Investors, self-attested copy of SEBI registration certificate. vi. In case of shareholder being tax resident of Singapore, please furnish the letter issued by the competent authority or any other evidences demonstrating the [Showing first 8,000 characters — download PDF for full document]