Updates

eClerx/SECD/SE/2026/125 August 6, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra - Kurla Complex 25th Floor, Dalal Street, Bandra (East), Fort, Mumbai - 400 001 Mumbai – 400 051 Dear Sir/Madam, Sub: Shareholders Communication - Deduction of tax at source on dividend Scrip Code: BSE - 532927 NSE – ECLERX In terms of the provisions of the Income-tax Act, 1961, as amended by the Income Tax Act, 2025, dividend paid or distributed by a Company on or after April 1, 2020 shall be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source at the time of payment of the final dividend of Re. 1/- (10%) per equity share as recommended by the Board of Directors at its meeting held on May 13, 2026, if approved, at the ensuing 26th Annual General Meeting. In this regard, please find attached communication regarding deduction of tax at source on dividend which has been sent to those shareholders whose email addresses are registered with the Company/Depositories. The said communication is also available on the website of the Company viz. www.eclerx.com. This is for your information and records. Thanking you, Yours faithfully For eClerx Services Limited Pratik Bhanushali VP-Legal & Company Secretary F8538 Encl: As above Registered office address Ph: +91 (022) 6614 83011 eClerx Services Limited Fax: +91 (022) 6614 8655 Sonawala Building, 1st Floor, 29 Bank Street, Fort, Email: Contact@eclerx.com Amplify Business Results Mumbai – 400 02 3 , M a h a r a s h t r a , I n d i a C I N : ( L 7 2 2 0 0MH2000PLC125319) www.eclerx.com August 6, 2026 Dear Shareholder, Subject: eClerx Services Limited - Information Required on Deduction of tax at source on dividend The final dividend of Re. 1/- (10%) per equity share as recommended by the Board at its meeting held on May 13, 2026, if approved at the ensuing 26th Annual General Meeting, will be paid to the shareholders whose names are registered in the Register of Members of the Company as on Friday, August 21, 2026 in case of shares held in physical form. In case of shares held in dematerialized form, the dividend thereon shall be paid to the Beneficial Owners as at the end of the business hours on Friday, August 21, 2026, as per lists to be provided by the Depositories for the said purpose. As you may be aware, in terms of the provisions of the Income Tax Act, 2025, ("the Act") dividend paid or distributed by a Company on or after April 1, 2020 shall be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source at the time of payment of the above referred dividend to its shareholders (Residents as well as Non-Residents). All the shareholders are requested to ensure that their details with reference to valid Permanent Account Number ("PAN"), residential status as per the Act i.e. Resident or Non-Resident, category of their account as per PAN, email/postal address including Bank Account details, etc., as applicable, are complete and updated in their account maintained with Depository Participant (in case shares are held in dematerialized form) or with RTA (in case shares are held in physical form). TDS rates may vary depending on the residential status of the shareholder and the documents submitted to and accepted by the Company under the provisions of the Act. In this regard, kindly note the following: A. For Resident shareholders: Individuals: Tax will be deducted at source ("TDS") under Section 393(1) Table No.7 of the Income Tax Act, 2025 @10% on the amount of dividend payable unless exempt under any of the provisions of the Act. However, in case of resident individuals, TDS would not apply if the aggregate of total dividend paid/payable to them by the Company during FY 2026-27 does not exceed Rs. 10,000. Tax deduction will be subject to the below requirements: Where the Permanent Account Number (‘PAN’) is available and is valid/operative and where shareholders have registered such valid PAN as per the provisions the Income Tax Act, tax shall be deducted at source from the dividend amount @10% and @20% for cases where the shareholders do not have PAN/have not registered their valid PAN. Further, where Aadhaar is not linked with PAN, the PAN shall be treated as invalid in accordance with the proviso to Section 262 of the Act and TDS shall get attracted accordingly. No tax shall be deducted in the case of a resident shareholder if the shareholder provides duly signed Form No. 121, provided that all the prescribed eligibility conditions are met (the declaration form is available at the link provided below). Non-Individuals: NIL / lower tax shall be deducted on the final dividend payable to the following categories of resident shareholders subject to furnishing of self-certified documents (as per formats attached) as below: i. Insurance companies: Documentary evidence that the provisions of Section 393(4) of the Act are not applicable to them (self-attested by the competent authority with affixed stamp); ii. Business Trust: a “business trust”, as defined in clause (21) of section 2 of the Act, by a special purpose vehicle referred to in the Schedule V Table No. 3 of the Act. Documentary evidence that the provisions of Section 393(4) of the Act are not applicable to them (self-attested by the competent authority with affixed stamp) iii. Mutual Funds: Documentary evidence (self-attested registration certificate) that the mutual fund is a mutual fund specified under Section 11 of Schedule VII Table Sr No. 20 of the Act; iv. Alternative Investment Fund (AIF) established in India: Self-declaration that its dividend income is not chargeable under the head 'Profit and Gains of Business or Profession' and exempt under Schedule V Table Sr No. 1 of the Act and they are established as Category I or Category II AIF under the SEBI Regulations along with self-attested copy of registration documents; v. Entities Exempt under Section 11 of the Act: In case of resident non-individual shareholders, if the income is exempt under the Act, the authorized signatory shall submit the self-declaration duly signed with stamp affixed for the purpose of claiming exemption from tax deduction at source; vi. 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 - Documentary evidence that the person is covered under Schedule VII of the Act; vii. New Pension System Trust: Self - declaration that it qualifies as NPS trust regulated by the provisions of the Indian Trusts Act, 1882 and its dividend income is eligible for exemption under Schedule VII Table Sr.No. 41 – of the Act. Blank Form in respect of above stated Self declarations are attached herewith and may as well be downloaded from the website of the Registrar and Transfer Agent viz. KFin Technologies Limited ("RTA") at https://ris.kfintech.com/clientservices/investors/taxforms.aspx Where a shareholder furnishes lower/nil withholding tax certificate under Section 197, TDS will be deducted as per the rates prescribed in such certificate. B. For Non-Resident Shareholders: I. Tax is required to be withheld in accordance with the provisions of Section 393(2) of the Act at applicable rates in force. As per the provisions of the Act, the tax shall be withheld @ 20% (plus surcharge and cess, as applicable) on the amount of dividend payable. II. As per Section 159 of the Act, a non-resident shareholder has an option to be governed by the provisions of the Double Taxation Avoidance Agreement (DTAA), read with Multilateral Instrument (‘MLI’), between India and the country of tax residence of the shareholder, if such DTAA provisions are more beneficial to such shareholder. To avail the DTAA benefits, the non-resident shareholder will have to compulsorily provide the following documents: a. Self-attested copy of the PAN c [Showing first 8,000 characters — download PDF for full document]