Communication to Shareholders - Intimation of Tax Deduction at Source (TDS).

Premier Energies Limited CIN: L40106TG1995PLC019909 Registered Office: Plot No. 8/B/1 and 8/B/2, E- City, Maheshwaram Mandal, Raviryala Village, K.V.Rangareddy, Hyderabad, Telangana, 501359 Tel: 9030994222 Website: www.premierenergies.com Email ID: investors@premierenergies.com Date: November 09, 2026 Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Dear Shareholder(s), Sub: Tax Deduction at Source ('TDS') on Interim Dividend declared for the Financial Year 2026-27. At the Board Meeting held on November 4th, 2026, the Board of Directors considered and approved an interim dividend of ₹0.50 per equity share (50%) for the financial year 2026–27. The record date for determining the eligibility of shareholders entitled to receive the said dividend is Wednesday, November 11, 2026, based on the names appearing in the Register of Members. Shareholders will receive the aforesaid interim dividend through electronic mode based on the updated bank mandate in their demat accounts. If the bank mandate is not updated, the payment will be processed only after the bank details are duly updated in the demat account with the respective depository. As you may be aware, in terms of the provisions of the Income-tax Act, 2025, ("the Act") as amended by the Finance Act, 2026, applicable with effect from April 1, 2026, dividend declared and paid by the Company is taxable in the hands of its shareholders, Accordingly, the Company shall be required to deduct tax at source from the said interim dividend at prescribed rates. The tax deduction / withholding tax rate would vary depending on the residential status of the shareholder and the exemptions as enumerated in the Act subject to fulfilling the documentary requirements. The shareholders are requested to update their Permanent Account Number ("PAN") with the Company/KFin Technologies Limited ("KFintech"), Registrar and Share Transfer Agent ("RTA") (in case of shares held in physical mode) and with the Depositories/ Depository Participants (in case of shares held in demat mode). No TDS shall be deducted on the Dividend payable to Resident Individuals if the total dividend to be received by them during financial year 2026-27 does not exceed Rs 10,000. If in case any further dividend is distributed during the financial year 2026-27 & total dividend to be received by resident individual shareholder exceed Rs. 10,000/-, then applicable TDS will be deducted on gross amount of dividend including past interim dividends. Where in case the shareholder provides Form 121, no tax at source shall be deducted provided that the eligibility conditions are being met. The Company will verify the PAN status from the Income Tax Department enabled online functionality and deduct TDS accordingly. Part I - Mandatory details applicable for all shareholders: It is hereby requested to ensure that the details mentioned hereinbelow are completed and/or updated, as applicable, through the depository participant if the shares are held in demat form. 1. Residential status as per the Act i.e. Resident or Non-Resident for FY 2026-27 along with valid PAN copy, if any 2. Category of shareholder • Mutual Fund • Insurance Company • Alternate Investment Fund (AIF) Category I and II • AIF Category III • Government (Central/State) • Foreign Portfolio Investor (FPI) /Foreign Institutional Investor (FII): Foreign Company • FPI/FII: Others (being Individual, Firm, Trust, AJP, etc.) • Individual • Hindu Undivided Family (HUF) • Firm • Limited Liability Partnership (LLP) • Association of Persons (AOP), Body of individuals (BOI) or Artificial Juridical Person (AJP) • Trust • Domestic company • Foreign company 3. Email ID 4. Address Please note that the above details as available on record date in the register of Shareholders will be relied upon by the Company, for the purpose of complying with the applicable TDS provisions. Part II - TDS Provisions and documents required as applicable for relevant category of shareholders In addition to ensuring completion and/or updating, as applicable, of above mandatory details, shareholders are also requested to take note of the TDS rates and additional information requested by the Company for their respective category in order to comply with the applicable TDS provisions. 1. Resident Shareholders: Rate of Additional Documents Section Category Remarks Tax Required 393 Alternative 0% Applicable 1. Copy of valid PAN Investment for Category I 2. Copy of registration Funds (AIF) and II AIF certificate issued by SEBI; registered 3. Self-declaration that its with SEBI (*). dividend income is not In the case of chargeable under the head Category III "profits or gains of AIFs, TDS business or profession' would be @ and is exempt from tax 10% if PAN under schedule V(1) of the is valid Act 1. Copy of PAN of NPS Trust 2. Self-declaration that the income received by the National NPS trust is exempt from 393(9) Pension 0% Income tax as per the Scheme provisions of schedule VII(41) and such income is also exempt from deduction of taxes as per section 393(9) 1. Copy of valid PAN 2. Copy of registration Applicable certificate issued by for Insurance IRDAI; 393(1)(Sl. Insurance companies 0% 3. Self-declaration that that No.7) companies registered the shareholder has full under IRDA beneficial interest with (*). respect to the shares owned by it (i) If aggregate dividend distributed or 1. Copy of valid PAN likely to be 2. Copy of the relevant distributed 393(1)(Sl. Resident exemption document 0% during FY No.7) Individuals viz. Form 121 as 2026-27 does applicable to the not exceed Rs shareholder 10,000/-; or (ii) If valid Form 121, is furnished (*). available in the register of Shareholders must be valid (**). In the absence of 393(1)(Sl. Other 10% PAN or No.7) Residents invalid PAN or if section 397 is applicable, TDS @ 20% would be applicable. ($) TDS at rates prescribed under lower Resident deduction shareholders certificate Copy of valid section 395 having issued by the certificate issued by the tax lower 395 ($) Income tax authorities covering the dividend deduction authority income to be received by the certificate valid for shareholder for FY 2026-27. u/s 395 of Financial the Act Year 2026-27, covering dividend income (*). Resident Depends on Copy of relevant documentary shareholders documentary evidence in support of TDS entitled to evidence (e.g. exemption. exemption relevant copy from TDS of under any registration, other notification, section of 0% order, circular the Act or etc. issued by vide any Indian tax Income tax authorities) in circulars support of issued by claim of TDS Indian tax exemption authorities (*). Other resident shareholders without PAN/ invalid Invalid PAN 397 PAN/ 20% as per the Act. deleted PAN / specified person as per section 2. Non-Resident Shareholders Section Category Rate of Tax Remarks Rate to be increased by applicable surcharge & cess. FII/ FPI to be entitled to avail beneficial tax rate if 393(2)(Sl. FII/FPI 20% any under Double Taxation No.15) Avoidance Agreements if documents referred in row below are duly submitted. Dividend paid to ‘specified fund’ 393(2)(Sl. Specified Fund 10% referred to in Schedule VI [Note No.16) 1(g)], in accordance with the provisions of Section 393(2) [Table: Sr. No. 16] of the Act. Rate to be increased by applicable surcharge & cess. While the Company is not obliged to apply a lower TDS rate as per Double Taxation Avoidance Agreements ("DTAA"), the Company may consider applying a lower rate, if following documents are submitted (*): a. Copy of valid PAN (**) b. Copy of TRC of the country of residence of the shareholder valid for Financial Year 2026-27 c. Copy of Form 41 filed Other Non- electronically on the income tax 393 residents 20% portal for Financial Year 2026-27 shareholders d. Self-declaration of having no Permanent Establishment in India for Financial Year 2026-27, Beneficial ownership of shares and dividend income and eligibility to claim treaty benefits [Showing first 8,000 characters — download PDF for full document]