Communication to Shareholders - Intimation on Tax Deduction at Source (TDS) on Dividend for Financial Year 2025 - 2026

Patels Airtemp (lndia) Limited INDUSIRY Ref. No. : PAT/SD/TDS Letter/2 026'2027/11VIII Date : t1s August,2026 BSE Limited Corporate Relation Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai:400 001 Scrip Code No. 517417 lscript Name: P TELSAI IISIN: INE0BZCO1024 Dear Sir/Madam, Sub: Communication to Shareholders - Intimation on Tax Deduction at Source (TDS) on Dividend for financial year 2025-2026 This has reference to our letter Ref. No. : PAT/SD/Q4 (2026-27)/Regl.-30/30V dated 30* May, 2026, regarding payment of Dividend for the Financial Year 2025-26 to the eligible Shareholders of Patels Airtemp (lndia) Limited ('the Company'), if declared and approved at the forthcoming Annual General Meeting ('AGM'). Further to the aforesaid letter, we wish to inform you that pursuant to the provisions of the Income Tax Act, 1961 and the Rules framed thereunder, as amended by the Finance Act,2020 ('the Act'), dividend paid or distributed on or after April 1, 2020, shall be taxable at the hands of the Shareholders. In this regard, we are enclosing herewith an email communication which is being sent to all the Shareholders of the Company whose email IDs are registered with the Company/Depositories, containing a gist of the applicable provisions of the Act relating to Tax Deduction at Source ('TDS') along with the necessary annexures. The above disclosure is available on the Company's website https //patelsairtemp. com/investors/announcements/. You are requested to take the same on record. ThankingYou. Yours faithfully, For PatelsAirtemp (India) Limited Nikhil M. Patel Company Secretary & Compliance Officer (Membership No.: A6814) Encl: As above r v zR aa ok sa ,8n op 6u , r 8W 07o , r 8k 1s o: , Rakanpur 382 722, D Suu rd vh ea y i NW oo . r :k 1s 0 0: , Gam: Dudhai 382 715 sR te hg Fd l. o oO r,f f Kic ao lp : ana Complex, NATIONAA LS BM OE AR'U D' / "' NU B2 ' ' /l' 'S R' ' M Dia s t.: S : Gol aa n - d hB ih na ad ga aj r ,V Gilla ug jae r, a tT , a l. n : d K iaa .lol, T Pa h. . : : K +a 9d 1i , 2D 76is 4t. 2: 8M 6e 6h 3s 4a /n a 3, 5 ,G 2u 8ia 6r 4a 8t 0, l /n 8d 1ia ,. AN hr. m M ee dm abn aa dg a -r 3F 8i 0re 0 S 0t 9a .t i Gon u, j aN raa tv , ra lnn dg ip au .ra, MEMB IE SR O O 9F 0 : 0H 1TR :I . 2 U 01S 5A Ph. : +91 27U 2866U I 35, 286480 / 81 Fax: +91 27e4286301 P6. 1 +91 79 27913694 / 95 / 96 ISO 14001 :2015 Fax : +91 270/. 286301 Email : works@patelsairtemp.com Fax: +91 79 27913693 ISO 45001 : 2018 Email : works@PatelsairtemP.com Email : project@patelsairtemp.co.in clN No. 1291 90GJ1 992P1C017801 www.patelsairtemp.com PATELS AIRTEMP (INDIA) LIMITED (CIN: L29190GJ1992PLC017801) Regd. Off: 5th Floor, Kalpana Complex, Nr. Memnagar Fire Station, Navrangpura, Ahmedabad –380009 Ph. No.: +91-79 -27913694/95/96 ï Fax No.: +91-79 27913693 Email Id: share@patelsairtemp.com ï Website: www.patelsairtemp.com 10th August, 2026 Dear Shareholder, We are pleased to inform you that the Board of Directors of the Company at their Meeting held on 30th May, 2026 has recommended dividend of ₹ 3.00/- (30 %) per Equity Share of face value of ₹ 10/- each fully-paid up of the Company, for the Financial Year 2025-26. The dividend, as recommended by the Board of Directors, is subject to approval of Shareholders at the ensuing 34th Annual General Meeting ("AGM") of the Company scheduled to be held on 14th September, 2026 and will be paid to those Shareholders whose names appear in the Register of Members / Register of Beneficial Owner of the Company as on Friday, 21st August, 2026 ("Record Date"). Shareholders are hereby informed that bank particulars registered with their respective Depository Participants, with whom they maintain their demat accounts, will be used by the Company for the payment of dividend. Shareholders are requested to intimate any change in their address and / or bank mandate to their Depository Participants only. Shareholders are requested to update their PAN, KYC details and Choice of Nomination with their respective Depository Participants before the Record Date to ensure timely credit of dividends. The Company is required to withhold taxes at the prescribed rates on the dividend paid to its shareholders in accordance with Income Tax Act, 2025 (‘’the Act’’) effective from April 01, 2026. The withholding tax rate varies depending on the residential status of the shareholder and the documents submitted by them and accepted by the Company. The Company shall, therefore, be required to deduct tax at source at the time of making the payment of the dividend, if approved by the shareholders at the forthcoming AGM. The shareholders are requested to update / verify the PAN, address, e-mail address, category and the residential status as per the Act, if not already done, with the Depository Participants. The Company will rely on the details as available with the Registrar to Issue and Share Transfer Agent (“RTA”) of the Company viz. Bigshare Services Private Limited. This communication summarizes the applicable TDS provisions of the Act for various shareholder categories, including Resident and Non-Resident shareholders. Shareholders are requested to take note of the following TDS rates and provide additional information to the Company, if applicable: I. Resident Shareholders: A. Tax deductible at source for Resident Shareholders: Category TDS Rate Applicable Conditions / Documents Required Section 393 Resident Nil -Aggregate amount of dividend payable to Resident Individual Shareholders Shareholders during the Tax Year 2026-27 does not exceed ₹ 10,000/- -If duly filled Form 121 is furnished by eligible shareholders whose dividend income is more than ₹ 10,000/- along with self- attested copy of PAN card than Nil tax will be deducted. Please note that all fields are mandatory to be filled up and the incomplete forms will be rejected (Please click the Link given as Form 121, at the end of this communication) Self-declaration to be provided if the shareholder is exempted from TDS provisions through any circular or notification along with self- attested copy of PAN card and documentary evidence supporting the exemption 10% Shareholder having valid PAN and having dividend income more than ₹ 10,000/- and not furnishing Form 121 20% Shareholder not having PAN / invalid PAN / not having linked with their Aadhaar wherever applicable B. Tax deductible at source for other than Individual Shareholders: Applicable Conditions / Category TDS Rate Documents Required Section 393 Shareholders covered u/s 393(5) of Nil -Copy of PAN card the Act such as Government, RBI, Mutual Funds -Self-declaration (Please click the Link given specified under Schedule VII to Section 11 of the as Annexure 1, at the end of this Act, corporations established by Central Act and communication), along with adequate exempt from Income Tax documentary evidence, substantiating applicability of Section 393(5) of the Act Section 393 Shareholders to whom Section Nil -Copy of PAN card 393(1) of the Act does not apply, such as LIC, GIC, -Self-declaration Business Trust (REIT, InVIT) etc. (Please click the Link given as Annexure 1, at the end of this communication), along with adequate documentary evidence (e.g., registration certificate), to the effect that no tax withholding is required as per provisions of Section 393(1) of the Act Section 393 Category I and II Alternative Nil Copy of PAN card Investment Fund (“AIF”) established in India Self-declaration (Please click the Link given as Annexure 1, at the end of this communication) that AIF’s income is exempt under Schedule V to Section 11 of the Act and they are governed by SEBI regulations as applicable to Category I or Category II AIFs, along with copy of registration certificate Section 393 Any other entity exempt from Nil Copy of PAN card withholding tax under the provisions of Section Self-declaration 393(6) of the Act (Please click the Link given as Annexure 1 & 2, at the end of this communication) along with adequate documentary evidence [Showing first 8,000 characters — download PDF for full document]