Intimation of Communication to Shareholders with respect to Tax Deduction at Source (TDS) on Dividend pertaining to FY 2025-26.

29th July 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai 400001 Bandra-Kurla Complex, SCRIP CODE: 500163 Bandra (East), Mumbai 400051 SYMBOL: GODFRYPHLP Subject: Intimation of communication to Shareholders with respect to Tax Deduction at Source (TDS) on Final Dividend pertaining to FY 2025-26. Dear Sirs, Pursuant to the provisions of Regulation 30 read with Clause 12 of Para A of Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith email communication sent to all the Shareholders of the Company whose email addresses are registered with the Company/Depositories, indicating the process and documentation required for claiming tax exemption/withholding tax, at applicable rates, if any, on the proposed Final Dividend to be paid, subject to the approval of Shareholders at the ensuing Annual General Meeting to be held on 24th August 2026. This intimation has also been uploaded on the Company’s website at: https://www.godfreyphillips.co.in/sustainabililty/shareholder-communications This is for your information and record please. Thanking you, Yours faithfully, For Godfrey Phillips India Limited Pumit Kumar Chellaramani Company Secretary and Compliance Officer Encl: As above GODFREY PHILLIPS INDIA LIMITED CIN: L16004MH1936PLC008587 Registered office: Macropolo Building, Ground Floor, Dr. Babasaheb Ambedkar Road, Lalbaug, Mumbai- 400033. Website: www.godfreyphillips.co.in | Email: isc@godfreyphillips.co.in | Tel: 022-6195 2300 Communication to Shareholders on Tax Deduction at Source (TDS) on Dividend. 28th July 2026 Name of Shareholder: Folio No. / DP ID & Client ID: Subject: Intimation regarding Tax Deduction at Source (TDS) on Dividend. Dear Shareholder, We wish to inform you that the Board of Directors of the Company (“Board”), at its meeting held on 15th May 2026, has recommended the Final Dividend of Rs. 33/- per equity share of the face value of Rs. 2/- each, for the financial year ended 31st March 2026, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting. The dividend, as recommended by the Board and if approved at the ensuing Annual General Meeting to be held on 24th August 2026 will be paid to the Shareholders holding equity Shares of the Company, either in electronic or in physical form as on the record date, i.e. 11th August 2026. In terms of the provisions of the Income-tax Act, 2025, (“the Act”), dividend paid or distributed by a Company is taxable in the hands of the Shareholders. The Company shall therefore be required to deduct tax at source at the time of payment of Dividend. The deduction of tax at source will be based on the category of shareholders and subject to fulfilment of conditions as provided herein below: ❖ For resident shareholders Tax will be deducted at source (“TDS”) under Section 393(1) [Table Sr. No. 7] of the Act @ 10% on the amount of dividend payable unless exempt under any of the provisions of the Act. However as per Section 393(4) [Table Sr. No. 10], in case of resident individual shareholders, TDS would not apply if the aggregate of total dividend distributed/ paid to them by the Company during the financial year does not exceed Rs. 10,000/-. Tax will not be deducted at source in cases where a shareholder provides Form 121 (applicable to resident individual), provided that the eligibility conditions are met. Blank Form 121 can be downloaded from the link given at the end of this communication. Please note that all fields mentioned in the Form are mandatory and the Company may reject the forms submitted, if it does not fulfil the requirement of the law. Tax Deduction at Source (TDS) on Dividend Page 1 of 6 Needless to mention, valid Permanent Account Number (“PAN”) will be mandatorily required. NIL/lower tax shall be deducted on the dividend payable to following resident shareholders on submission of self-declaration (as per formats attached) as listed below: i. Insurance companies: Declaration that the provisions of Section 393(4) [Table Sr. No. 10] of the Act are not applicable to them along with self-attested copy of registration certificate and PAN card. ii. Mutual Funds: Declaration by Mutual Fund shareholder eligible for exemption u/s 11 – Schedule VII [Table Sr No. 20 and 21] 2025 along with self-attested copy of registration documents and PAN card. iii. Alternative Investment Fund (AIF) established in India: Declaration that the shareholder is eligible for exemption under section 11 - Schedule V (Table: SI. No. 1) of the Act and they are established/registered as Category I or Category II AIF under the SEBI regulations, along with copy of self-attested registration documents and PAN card. 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 u/s. 395(1) of the 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 Sr No. 17 and 15] of the Act at applicable rates in force. As per the relevant provisions of the 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 Double Tax Avoidance Agreement (DTAA) 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 and should be valid for the FY 2026-27; iii. Form 41 filed electronically on the Indian Income Tax web portal pursuant to Notification no. 03/2022 dated 16th July 2022 and should be valid for the FY 2026- iv. Self-declaration (refer format) by the non-resident shareholder of meeting DTAA eligibility requirement and satisfying beneficial ownership requirement. v. In case of 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 non- Tax Deduction at Source (TDS) on Dividend Page 2 of 6 applicability of Article 24 - Limitation of Relief under India-Singapore Double Taxation Avoidance Agreement (DTAA). The self-declarations referred to in point nos. (iii) to (iv) can be downloaded from the link given at the end of this communication. Application of beneficial DTAA rate shall depend upon the completeness and satisfactory review by the Company, of the documents submitted by non-resident shareholders and meeting the requirement of the Act read with applicable DTAA. In absence of the same, the Company will not be obligated to apply the beneficial DTAA rate at the time of tax deduction on dividend. TDS to be deducted at higher rate in case of non-linkage of PAN with Aadhaar: As per Section 262 of the Income Tax Act, every person who has been allotted a PAN and who is eligible to obtain Aadhaar, shall be required to link the PAN with Aadhaar. In case of failure to comply with this, the PAN allotted shall be deemed [Showing first 8,000 characters — download PDF for full document]