General Updates

June 23, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex Dalal Street, Fort, Bandra (East), Mumbai 400051 Mumbai 400001 NSE Symbol: SHRIPISTON BSE Scrip code: 544344 Subject: Communication to Shareholders regarding Tax Deduction at Source (TDS)/withholding tax on Dividend Dear Madam/ Sir, Pursuant to the provisions of the Income Tax Act, 2025 and the Rules made thereunder, dividends paid or distributed by the Company are taxable in the hands of the shareholders, and accordingly, the Company is required to deduct tax at source (TDS) on such Dividend. In this regard, please find enclosed an email communication that has been sent to all shareholders whose email addresses are registered with the Company or with the Depositories, inter alia, outlining the process and documentation required for claiming tax exemption on Dividend. Shareholders are requested to update their details and submit the requisite tax exemption documents/ declarations to the Company, as specified in the enclosed communication, on or before Monday, July 27, 2026. This intimation is also being uploaded on the Company's website at https://shrirampistons.com. Kindly take the above information on record and treat this as compliance with SEBI Listing Regulations. Thanking you. Yours faithfully, For SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (Krishnakumar Srinivasan) Managing Director & CEO DIN: 00692717 Encl.: as above SPR AUTO TECHNOLOGIES LIMITED (FORMERLY SHRIRAM PISTONS & RINGS LIMITED) CIN: L29112DL1963PLC004084 Regd. Office: 3rd Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi -110 001 Phone No.: +91 11 23315941, Website: www.shrirampistons.com; E-mail: compliance.officer@shrirampistons.com THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Date: June ……, 2026 Name of the Shareholder: Ref: Folio No./DP Id & Client Id …………………………… Dear Shareholder, Subject: Communication for Tax Deduction at Source (TDS)/withholding tax on Dividend We are pleased to inform you that the Board of Directors at its Meeting held on Monday, May 11, 2026, has recommended a final dividend of Rs. 5/- (Rupees Five Only) per equity share of the face value of Rs. 10/- (Rupees Ten Only) each fully paid up for the financial year 2025-26, subject to the approval of the members at the 62nd Annual General Meeting scheduled on Monday, July 27, 2026. In this regard, please be informed that: 1. The Record Date fixed for determining the eligibility of shareholders for the payment of final dividend is Monday, July 20, 2026 and the dividend will be paid on or before August 25, 2026 (i.e. within 30 days from the date of declaration of final dividend). 2. Pursuant to the relevant provisions of the Income Tax Act, 2025 (“the Act”), dividend income is taxable in the hands of the members and the Company is required to deduct tax at source (“TDS”) from dividend paid to the members at the rates applicable as per the IT Act read with tax treaty as may be applicable. 3. As per the latest information available with the Depositories (NSDL/ CDSL) and the Registrar and Transfer Agent (RTA) (M/s. Alankit Assignments Limited), you will be classified either as a Resident Shareholder or a Non-Resident Shareholder and also sub-classified as Individual/Company/Firm/HUF/AOP/other entity based on the Permanent Account Number (PAN). If you remain as a shareholder on the record date, the dividend receivable by you would be taxable and would be subject to TDS as per the provisions of the Act. 4. Further, we wish to inform that Securities and Exchange Board of India (SEBI), vide its Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 06, 2026, has issued, guidelines on “Common and Simplified Norms for Processing Investor’s Service Requests by RTAs and norms for furnishing PAN, KYC details and Nomination.” “Para 20.1. of the Master Circular mandates all the holders of physical securities to furnish PAN, Choice of Nomination, Contact details, Bank A/c details and Specimen signature for their corresponding folio numbers. In continuation of the same, Para 20.2. lays down the procedure for availing services and payment of dividend etc. in the folios without PAN, KYC details and Nomination which reads as under: “20.2. Folios without PAN and KYC details: The security holder(s) whose folio(s) do not have PAN, Contact Details, Bank Account Details and Specimen Signature updated, shall be eligible: (a) to lodge grievance or avail any service request from the RTA only after furnishing PAN and KYC details. (b) for any payment including dividend, interest or redemption payment in respect of such folios, only through electronic mode with effect from April 1, 2024. An intimation shall be sent by the Listed Company to the securityholder that such payment is due and shall be made electronically only upon complying with the requirements stated in Para 20.1 of this Master Circular. 5. In view of the above, if you are holding shares in physical form, you are required to furnish valid PAN, Choice of Nomination, Contact Details, Bank Account Details and updated Specimen Signature immediately to company’s RTA in the prescribed forms, if not already done, to avail uninterrupted service requests as well as dividend credit in bank account, as no dividend will be paid by way of issuance of physical warrant, with effect from April 1, 2024. For your convenience, you may also dematerialize the physical holding so as to avail the benefit of electronic dividend payment. 6. However, if you are holding shares in dematerialized form and wish to update the records such as PAN, Choice of Nomination, Contact Details, Bank Account Details and updated Specimen Signature, etc. you may do so with your relevant depositories through your depository participants, well before the Record date. 7. For Resident Shareholders: TDS will be applicable under Section 393 of the Act @ 10% on the amount of dividend payable, where a valid PAN has been furnished by the concerned resident shareholders to their respective Depository Participants (in case shares are held in dematerialised form) or to the RTA of the Company (in case shares are held in physical form). In the absence of a valid PAN, the applicable rate of TDS will be 20%. Members (Resident Individual shareholders) are required to link their Aadhaar number with PAN as required under Section 262 (2) read with Rule 162, before the Record Date. If any PAN is found to have not been linked with Aadhaar, then such PAN shall be deemed inoperative and TDS will be deducted at higher rate under Section 397(2) of the Income Tax Act, 2025. The Company reserves its right to recover any demand raised subsequently on the company for not informing or providing wrong information about applicability of Section 397(2). 8. Further, no TDS will be applicable for dividend payable to: a) Resident Individual Shareholders, if: i) The total dividend to be paid to the Individual shareholder by the Company for the F.Y. 2026-27 does not exceed Rs.10,000/-. (Please note that this includes the future dividends, if any, which may be declared by the company during the F.Y. 2026-27). ii) Their income is below the taxable limit and a declaration is received from the concerned shareholders in Form 121 (erstwhile Form No. 15G or Form No. 15H) along with self-attested copy of valid PAN card. b) Resident Shareholders other than Individuals, if: Sufficient documentary evidence thereof, to the satisfaction of the Company should be submitted as mentioned below: i) Insurance companies exempted under section 393 (Public & other Insurance Companies): Self-declaration that it has a full beneficial interest with respect to the shares not owned by it, if any, along with a self-attested copy of valid PAN card and certificate of registration with Insurance Regulatory and Development Authority of India (IRDAI); ii) Bu [Showing first 8,000 characters — download PDF for full document]