Updates

MCL/SEC 19th June, 2026 The Corporate Relations Department The Corporate Relations Department The National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, 5th Floor, BSE Limited Plot No. C/1, G-Block 25th Floor Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai 400 051 Dalal Street, Mumbai – 400 001 Security Code : MANGLMCEM Scrip Code: 502157 Sub: Communication to Shareholders: Dividend for Financial Year 2025-26 – Intimation on Tax Deduction at Source (TDS) / withholding tax on Dividend Dear Sir/Madam, We hereby inform that the Company has sent detailed communication indicating information regarding deduction of Income Tax at source on dividend and the process and documentation required for claiming exemption from deduction / withholding of tax on dividends on 19th June, 2026, to all the Shareholders, whose email addresses are registered with the Company/Depositories. A specimen copy of the said communication sent to the shareholders is enclosed herewith. This communication is also available on the Company’s website at: https://www.mangalamcement.com/others.php Please take the same on your record. For Mangalam Cement Limited Pawan Kumar Thakur Company Secretary & Compliance Officer Encl: As Above MANGALAM CEMENT LTD. CIN: L26943RJ1976PLC001705 Regd. Office: P.O. Aditya Nagar - 326520, Morak, Distt. Kota (Raj.) Phone: 07459-233127, Fax No.: 07459-232036 E-mail: shares@mangalamcement.com Website: www.mangalamcement.com THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Dear Shareholder, Subject: Communication to Shareholders – Deduction of Tax at Source (“TDS”) on the amount of Dividend income from Mangalam Cement Limited (“the Company”) We are delighted to inform you that the Board of Directors at its meeting held on 16th May, 2026, has recommended a Dividend of Rs. 1.50 per equity share of Rs. 10 each, amounting to 15% on the paid-up equity capital of the Company for FY 2025-26. This recommendation is subject to the approval of shareholders in the forthcoming Annual General Meeting scheduled to be held on Friday, 21st August, 2026. In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date has been fixed as 14th August, 2026 for the purpose of determining the eligibility of shareholders for payment of Final Dividend, if declared by the Shareholders in the ensuing Annual General Meeting. The dividend, as recommended by the Board of Directors, if approved at the AGM, will be paid on or after Tuesday, 25th August, 2026 to those Members, whose names are registered in the Company’s Register of Members, as of close of business hours on Friday, 14th August, 2026. We would like to draw your attention to the fact that, as per Income Tax Act, 2025 (the IT Act), mandates that dividends paid or distributed by a company shall be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source at the time of making the payment of the dividend, if declared at the Annual General Meeting of the Company to be held on Friday, 21st August, 2026, as per the following tax categories: 1. FOR RESIDENT SHAREHOLDERS: Tax is required to be deducted at source under Section 393 of the IT Act at the rate of 10% on the amount of dividend where shareholder(s) have registered their valid Permanent Account Number (PAN) and at a rate of 20% for cases wherein the shareholder(s) do not have PAN / have not registered their valid PAN details in their account. A. RESIDENTIAL INDIVIDUALS:- No tax shall be deducted on the dividend payable to resident individuals, if – • Total amount of dividend to be received during the Financial Year 2026-27 does not exceed Rs. 10,000/- • The shareholder provides Form 121 (applicable to all individuals) along with a copy of PAN card, provided that all the required eligibility conditions are met. These forms can be accessed at the link provided in this communication mentioned below. Please note that all fields are mandatory to be filled up and Company may at its sole discretion reject the form if it does not fulfil the requirement of law. • Exemption certificate is issued by the Income-tax Department, if any. Note: Recording of the PAN for the registered Folio/DP ID-Client ID is mandatory. In the absence of valid PAN, tax will be deducted at a higher rate of 20% as per Section 397(2) of the I.T. Act, 2025. B. RESIDENT NON-INDIVIDUALS:- No tax shall be deducted on the dividend payable to the following resident non- individuals where they provide details and documents as per the format. • Insurance Companies [Section 393(4)(Table Sl. No. 10) of the IT Act 2025]: Self declaration that it qualifies as ‘Insurer’ as per section 2(7A) of the Insurance Act, 1938 and has full beneficial interest with respect to the ordinary shares owned by it along with self-attested copy of PAN card and certificate of registration with Insurance Regulatory and Development Authority (IRDA) / Life Insurance Corporation of India / General Insurance Corporation of India. • Mutual Funds [Section 393(5)(d) of the IT Act 2025]: Self-declaration that it is registered with SEBI and is notified under Schedule VII (Table: Sl. No. 20 or 21) of the IT Act 2025 along with self-attested copy of PAN card and certificate of registration with SEBI. • Alternative Investment Fund (AIF): Self-declaration that Alternate Investment Fund (AIF) registered with SEBI specified at Schedule V (Table: Sl. No 1) of IT Act 2025, and they are registered with SEBI as Category I or Category II AIF along with self-attested copy of the PAN card and certificate of AIF registration with SEBI. • New Pension System (NPS) Trust [Section 393(9) of the IT Act 2025]: Self- declaration that it qualifies as NPS trust and income is eligible for exemption Schedule VII (Table: Sl. No. 41) of IT Act 2025 and being regulated by the provisions of the Indian Trusts Act, 1882 along with self-attested copy of the PAN card. • Business trust covered under Section 393(4)(Table Sl. No. 10) of the IT Act 2025: A copy of self-declaration that the person is a "business trust", as defined in section 2(21), in respect of any securities, by a special purpose vehicle referred to in Schedule V (Table: Sl. No. 3). • Person covered u/s Section 393(5)(a)/(b)/(c) of the IT Act 2025: A copy of self- declaration that the person is Government or Reserve Bank of India or a corporation established by or under a Central Act which is under any law for the time being in force exempt from income-tax on its income along with a copy of PAN. • Any other person/Authorities/Funds/Bodies etc., falling under exemption of any other provisions or notification, order, circular etc.: A copy of the said provisions or notification, order, circular etc.; copy of self-declaration that the person is covered that in that provisions or notification, order, circular etc.; a self-attested copy of PAN and relevant certificate obtained in this regard. C. In case where the shareholders (both Individuals or non-Individuals) provide certificate under Section 395 of the IT Act for lower / NIL withholding of taxes, rate specified in the said certificate shall be considered based on submission of self- attested copy of the same to the Company. 2. FOR NON-RESIDENT SHAREHOLDERS: A. AS PER DOMESTIC TAX LAW Taxes are required to be withheld in accordance with the provisions of Section 393(2) of the IT Act 2025 as per the rates as applicable. As per the relevant provisions of the Act, the withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable to them. In case, non- resident shareholders provide a certificate issued under Section 395 of the I.T. Act, 2025 for Tax Year 2026-27, for lower/ Nil withholding of taxes, rate specified in the said certificate shall be considered, on submission of self-attested copy o [Showing first 8,000 characters — download PDF for full document]