Newspaper publication relating to Annual General Meeting

August 7, 2026 To, To, The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai – 400 001. Mumbai – 400 051. BSE Scrip Code: 540776 NSE Symbol: 5PAISA Dear Sir/Madam, Sub: Newspaper Advertisement – Intimation regarding Notice of the 19th Annual General Meeting Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable circulars issued by the Ministry of Corporate Affairs and in reference to the captioned subject, we hereby enclose copies of newspaper clippings of advertisement published on August 7, 2026, in following newspapers, intimating about the 19th Annual General Meeting of the 5paisa Capital Limited is scheduled to be held on Tuesday, September 1, 2026, at 11:30 A.M. (IST) through Video Conferencing/ Other Audio Visual Means: 1. Business Standard (English) 2. Free Press Journal (English) 3. Navshakti (Marathi) The same is also available on the website of the Company at https://www.5paisa.com/investor-relations. Kindly take the above on record and oblige. Thanking You, For 5paisa Capital Limited Mehul Somaiya Company Secretary & Compliance Officer ACS - 43026 Email: csteam@5paisa.com Place: Thane Encl: As above 5paisa Capital Limited Registered Office: IIFL House, Sun Infotech Park, Road No.16V, Plot No. B-23, Wagle Estate, Thane - 400604 Tel.: +91 22 41035000 I E-mail: support@5paisa.com I Website: www.5paisa.com I CIN: L67190MH2007PLC289249 OPINION The engine room of innovation Can the India-US tax treaty survive an AI-dollar deluge? vided they serve Indian customers adopted under domestic law through an Indian reseller entity. A 15 per Such a clause would enable India to cent cost-based safe harbour is proposed tax only specified business profits for related-entity data centre service pro- attributable to digital activity within its viders to provide certainty on transfer borders and provide clarity on car- pricing. Additionally, another amend- veouts for foreign cloud service pro- ment groups all IT services, including viders. Towards this end, the income tax software development, IT-enabled ser- amendment Bill of 2026, pending vices, Knowledge Process Outsourcing, approval in Parliament has proposed a and contract R&D, under a single category simplified compliance requirement, as of “Information Technology Services” part of ease of doing business. An with a common safe harbour margin of express prohibition on double non-tax- mukesh butani 15.5 per cent. These changes are labelled ation for all forms of digital activity will the most reformative move to address the promote the treaty’s preamble. Equally There are moments in a country’s menace of transfer pricing disputes, most important is expediting the conditions economic journey when a technological of which involve US tax residents. for fulfilment as an eligible data centre phenomenon ceases to be a mere com- It is not merely fiscal policy but an in pursuance to the amendment. mercial trend and becomes a question of industrial manifesto. India seeks to Second, initiate discussions with US statecraft — Artificial Intelligence (AI) become the global backbone of AI and counterparts to update Article 12 to poses that question for India. India cloud infrastructure, attracting giants explicitly exclude payments for the use stands poised at the threshold of what such as Amazon, Microsoft, Google, and of AI models, machine-learning algo- may be the largest digital transformation Meta, along with their peers, to locate rithms, and data-driven inference from in its history of tech-driven investments. compute, storage, and training capacity being treated as “royalties” or “fees for India’s troubled If India begins to spend a ton, figu- on Indian soil. India’s federal government included services”. This would ensure ratively, and soon, literally, on US-based is consciously positioning itself as the that subscriptions, API charges, and AI applications, the current US-India tax “data centre powerhouse”, weaving tax model-access payments are not subject treaty will not be fully prepared to absorb certainty, safe harbours, and long-term to a withholding tax. A categorical state- the seismic tax policy aftershocks that a policy visibility into a single macroecon- ment on characterisation to prevent dual digital deluge will summon. The treaty, omic tapestry. Separately, ambitious taxation under business income of roy- E20 journey majestic in its bilateral intent yet anti- states such as Andhra Pradesh, Tamil alties FTS is the need of the hour. quated in its digital sophistry, may Nadu, Maharashtra, and Gujarat have Third, the Budget 2026-27’s safe har- become a silent theatre for innovation. lined up non-fiscal incentives to attract bour provisions for IT services and data The Convention for the Avoidance of investment in this sunrise sector. centre operators must be aligned with Double Taxation and the Prevention of However, the same policy ambition treaty obligations to prevent double Fiscal Evasion (DTAA) between India and invites a paradox. As India spends taxation or treaty shopping. Transpar- the US, signed in New Delhi on Septem- increasingly on US AI applications that ent documentation, clear eligibility The ethanol blending policy is no longer about clean fuel alone. Multiple ber 12, 1989 (close to 31 years after negoti- access models, embeddings, inference criteria, time-bound legislation, and ations began in 1958), governs the engines, and cloud intelligence, cross- coordination with the competent auth- stakeholders — from farmers to car owners — have different expectations taxation of its residents. Like most border payments to US entities risk being ority in the US under Article 27 (Mutual treaties, it is a pre-cloud, pre-AI treaty, characterised as royalties, fees for Agreement Procedure) will be essential. where business profits, royalties, and fees included services, or business profits Given the US Senate’s approval of deepak patel farmers and not only companies or for included services were conceived in under the treaty. If the treaty’s defini- changes to the tax treaty, India should Policy New Delhi, 6 August middlemen. Chouhan said that the thought the language of physical machinery, tions remain static, India risks losing implement this interim measure to pre- process of the Central government is clear paper manuals, and consultants who withholding tax revenue, while US firms vent disputes until the protocol amend- path On July 28, the Society of Indian Automo- — the benefit of the ethanol programme flew in, not Application Programming may argue that payouts are not attribu- ing the treaty takes effect. bile Manufacturers (Siam) wrote to Petro- should reach the entire chain, from the field Interface, that streamed in the back- table to a permanent establishment in Most importantly, both nations must leum Secretary Neeraj Mittal with what n2001: Ethanol Blended to the fuel tank, but the largest share, he ground of Indian firms’ operations. India and hence not taxable. India’s work towards establishing a bilateral AI tax appeared to be an urgent request. The Petrol (EBP) Programme agreed, should go to the farmer. Article 12, for instance, defines “roy- attempt to tax payments under its wider working group to address the interpreta- industry body said its members were seeing launched as a pilot alties” as payments for the use of copy- domestic law definition, in addition to tion of existing treaty provisions in the AI a “huge increase” in failures of vehicle com- Technical to political rights, patents, trademarks, designs, the risk of unilateral interpretation, context, develop model clauses for future ponents such as fuel injectors, fuel pumps, n2004: EBP Programme To understand how a technical [Showing first 8,000 characters — download PDF for full document]