Updates

23rd June, 2026 The Manager - Listing The Manager – Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Communication to Shareholders - Intimation regarding deduction of tax at source on Dividend In terms of the provisions of the Income-tax Act, 2025 ("the Act"), dividend paid or distributed by a Company on or after 01st April, 2020 is taxable in the hands of its shareholders. Accordingly, the Company is required to deduct tax at source, at the prescribed rates, on the dividend paid to its shareholders. In this regard, please find enclosed herewith an e-mail communication which has been sent to all the shareholders of the Company whose e-mail IDs are registered with the Company / Depositories explaining the process on withholding tax from dividends at prescribed rates. This communication is also being made available on the website of the Company at https://www.greavescotton.com/investors/corporate-announcements. We request you to take the above information on record. Thanking You, Yours faithfully, For Greaves Cotton Limited Atindra Basu Group General Counsel & Company Secretary Membership No: F13799 Encl.: a/a Greaves Cotton Limited Email ID: investorservices@greavescotton.com I Website: www.greavescotton.com Registered Office: J-2, MIDC Industrial Area, Chikalthana, Chhatrapati Sambhajinagar - 431 006, Maharashtra, India. Tel.: (+91 240) 2479250, 2479232 Corporate Office: Unit Nos. 301 & 302, 3rd Floor, Tower B, Peninsula Business Park, Ganpatrao Kadam Marg, Off Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, India. Tel: +91 22 41711700 I CIN: L99999MH1922PLC000987 GREAVES COTTON LIMITED Corporate Identity Number: L99999MH1922PLC000987 Registered Office: J-2, MIDC Industrial Area, Chikalthana, Chhatrapati Sambhaji Nagar – 431 006. Corporate Office: Unit Nos. 301 & 302, 3rd Floor, Tower B, Peninsula Business Park, Ganpatrao Kadam Marg, Off Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, India.; Telephone: +91 - 22 4171 1700 E-mail: investorservices@greavescotton.com; Website: www.greavescotton.com Date: 23rd June, 2026 Dear Shareholder, Subject: Intimation of Tax Deduction at Source (“TDS”) / withholding tax on Dividend under the relevant sections of the Income-tax Act, 2025 We wish to inform you that the Board of Directors ("Board") of Greaves Cotton Limited ("the Company") at its meeting held on 6th May, 2026, has recommended a dividend of Rs. 2/- per equity share of face value Rs. 2/- each for the financial year ended 31st March, 2026. The dividend, if approved at the 107th Annual General Meeting to be held on 4th August, 2026, will be paid to shareholders holding equity shares of the Company, either in dematerialised or in physical form, as on the record date, i.e., Tuesday, 28th July, 2026. In terms of the provisions of the Income-tax Act, 2025 ("the Act"), dividend paid or distributed by a Company on or after 01st April, 2020 is taxable in the hands of its shareholders. Accordingly, the Company is required to TDS at the prescribed rates on the dividend paid to its shareholders. The TDS will be determined based on the residential status of shareholders and the exemptions available under the Act, subject to fulfilment of the documentary requirement as explained below: For Resident Shareholders Particulars Rate of withholding tax Valid PAN updated in the records of the Company/ RTA 10% Shareholders not having PAN (not registered) / invalid PAN / Inoperative PAN* - as per section 397 of the Act. *Please note that as per provisions of Income Tax Act, every person holding a PAN needs to intimate his/her Aadhaar number to the Income tax department (PAN-Aadhaar linking). Further, as per Rule 162, where a person fails to do so, the PAN of such person shall become inoperative and where tax is deductible on payment to such person, it shall be subject to higher TDS rates in accordance with the provisions of section 397of the Act Resident Shareholders – Individual In case of resident individual shareholder, tax shall be deducted at source on dividend income in accordance with the provisions of section 393 of the Act. No tax shall be deducted on the dividend payable to a resident individual shareholder during Tax Year 2026- 27, if any of the following conditions is fulfilled: • The aggregate amount of dividend paid or payable by the Company under folio(s) to such resident individual shareholders during Tax Year 2026-27 does not exceed Rs. 10,000/- and the dividend is paid through any mode other than cash; or • The resident individual shareholder has furnished a duly completed and signed Form 121 for Tax Year 2026-27 along with a valid PAN, subject to fulfilment of the prescribed eligibility conditions under the Act. Click Here to fill the form 121 electronically. * With the Income-Tax Act, 2025 and the Income-Tax Rules, 2026 coming into effect from 1st April, 2026, a single form, Form 121, has been prescribed in place of the erstwhile Forms 15G and 15H. Accordingly, individual shareholders are requested to submit Form 121 for the Tax Year 2026-27. Please note that any declaration submitted in the erstwhile Forms 15G/15H will not be accepted for the tax year 2026-27 as per the provisions of the Act. # As per section 262(6) of the 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, except person exempted as per Notification No. 37/2017 issued under the Income-tax Act, 1961 (now, the Income-tax Act, 2025). In case of failure to comply to this, the PAN allotted shall be deemed to be inoperative and tax shall be deducted at higher rates as prescribed under the Act. The Company reserves its right to recover any demand raised subsequently on the Company for not informing the Company or providing wrong information about applicability of section 397 in your case. Resident Shareholders – other than Individual NIL /tax shall be deducted on the dividend payable to following resident shareholders on submission of self- declaration (as per format attached) as listed below: Particulars Documents required • Self-declaration (refer format) by shareholder qualifying as Insurer as per section 2(7A) of the Insurance Act, 1938; Insurance Companies • Self-attested copy of IRDA registration certificate; and • Self-attested copy of PAN • Self-declaration (refer format) that it is registered with SEBI and is notified under Schedule VII (S. No. 20 and 21)of the Act; Mutual Funds • Self-attested copy of certification of registration with SEBI; and • Self-attested copy of PAN • Self-declaration (refer format) that its income is eligible for exemption under section Schedule Alternative Investment Fund (AIF) established V, Table, S. No. 1of the Act, and they are in India registered with SEBI as Category I or Category II AIF; • Self-attested certificate of AIF registration with SEBI; and • Self-attested copy of PAN • Self-declaration (refer format) that the shareholder is eligible for exemption under New Pension System Trust Schedule VII, Table, Serial No. 41 of the Act; • Self-attested copies of registration documents; • Self-attested copy of PAN Other Shareholders(HUF/LLP/AOP/Companies/Firm): Submission of Self declaration (refer format) along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card. Shareholders who have provided a valid certificate issued u/s 395 of the Act for lower / nil rate of deduction or an exemption certificate issued by the income tax authorities, shall be considered on submission of self- attested copy of the same along with self-declaration (refer format). Click Here to download - Self Declaration (Resident shareholder) Deduction of tax at a rate lower than statutory rate or no deduction of tax shall depend upon the completeness of the documents and the satisfactory review of the forms and the documents submitted by Resident Shareholders, by the [Showing first 8,000 characters — download PDF for full document]