General Updates

August 13, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai - 400051 Scrip Code: 544533 Symbol: STYL Sub: Communication to Shareholders for deduction of Tax on Dividend Dear Sirs, Pursuant to provisions of the Income Tax Act, 2025, dividend income is taxable in the hands of the shareholders. We enclose herewith the communication sent on August 12, 2026 to all the shareholders having their email address registered with the Company/RTA/Depositories explaining the provisions of Income Tax Act, 2025 relating to deduction of Tax on Dividend and formalities to be complied by the shareholders in this regard. This communication is also available on the website of the Company at https://seshaasai.com/media- news/investor/ . This is for your information and records. Thanking you Yours faithfully, For Seshaasai Technologies Limited (formerly known as Seshaasai Business Forms Limited) Manali Siddharth Shah Company Secretary and Compliance Officer Encl: as above Seshaasai Technologies Limited (Formerly known as Seshaasai Business Forms Limited) Registered Office: 9, Lalwani Industrial Estate, 14, Katrak Road Wadala, Mumbai – 400031 Tel,: +91 22 66270919/99 E mail: info@seshaasai.com I Website: www.seshaasai.com I CIN No.: L21017MH1993PLC074023 THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Seshaasai Technologies Limited - Communication in respect of deduction of tax at source on Dividend pay-out for FY 2026 August 12, 2026 Ref: Folio / DP Id & Client Id No: ________ Subject: Communication for deduction of Tax at Source on Dividend Dear Shareholder, We hope this communication finds you safe and in good health. We are pleased to inform you that the Board of Directors of M/s Seshaasai Technologies Limited (‘the Company’), at its Board Meeting held on May 18, 2026, have recommended declaration of final dividend of Rs. 2.5/- per fully paid-up equity share of face value of Rs. 10/- each (i.e. 25%) for the Financial Year ended March 31, 2026. The dividend, as recommended by the Board, if approved at the ensuing Annual General Meeting (‘AGM’) scheduled to be held on Wednesday, September 16, 2026, will be paid to the shareholders holding equity shares of the Company on or after September 16, 2026. The record date fixed for determining eligibility of shareholders entitled to receive dividend for the financial year ended March 31, 2026, if approved at the AGM is Tuesday, August 18, 2026. As you may be aware, in terms of the provisions of the Income Tax Act, 2025 (as amended by Finance Act, 2026) (‘the IT Act, 2025’ or 'the Act') and the Rules framed thereunder, dividend declared and paid by the Company shall be taxable in the hands of the Shareholders. Accordingly, the Company shall therefore be required to deduct tax at source at the time of payment of dividend. Further, Section 397(2) of the Act provides for higher rate of tax (i.e., higher of rate specified in relevant provision of the Act or rate or rates in force or 20%) in cases where the recipient of the income fails to furnish Permanent Account Number ("PAN"). Shareholders are requested to ensure Aadhaar number is linked with PAN, as per the timelines prescribed. In case of failure of linking Aadhaar with PAN within the prescribed timelines, PAN shall be considered inoperative and, in such scenario, tax shall be deducted at higher rate of 20% under Section 397(2) of the Act. All Shareholders are requested to ensure that the following details are updated, as applicable, through their depository participant (if shares are held in Dematerialized Form) or with Registrar and Share Transfer Agent (RTA) in the Register of Members (if shares are held in Physical Form), on or before the record date, i.e., Tuesday, August 18, 2026:- 1. Residential status as per the Act, i.e., Resident or Non-Resident for the Tax Year 2026-27 2. Valid PAN, if allotted 3. Category of shareholder 4. Email Address 5. Residential Address with Postal Code (including country) Please note that for the purpose of complying with the applicable TDS provisions, the Company will rely on the above-mentioned details as available in the Register of Members on the Record Date and information submitted by the shareholders to determine applicable rate of TDS. A summary of the applicable TDS rates and the documents required for each shareholder category is detailed below: A. For Resident Shareholders: - Category Section TDS Rate Applicability Conditions Mutual Fund [as 393(5)(d) Nil Applicable for Mutual Funds specified at registered with SEBI. Schedule VII (Table: Sr. No. 20 If details are not updated with or 21) of the Act] the depository participant, a self-declaration with an exemption certificate is required to be furnished - Refer Annexure 1 The Government 393(5)(a) Nil If details are not updated with the depository participant, a self-declaration with an exemption certificate is required to be furnished - Refer Annexure 1 Alternative 393(1) Nil Applicable for Category I and Investment Fund [Table: Sr. II AIF registered with SEBI. ("AIF") No. 7], If details are not updated with 393(4) 10% the depository participant, a [Table: Sr. self-declaration with an No. 10] exemption certificate is required to be furnished - Refer Annexure 1 Category Section TDS Rate Applicability Conditions Category III AIF 393(2)[Table: 10% This rate is applicable for IFSC, as referred to Sr. No. 16] Category III AIF located in in Schedule VI any International Financial [Note 1(g)] of the Services Centre ("IFSC") of Act which all the units are held by non-residents other than unit (other than those covered under section 208 of the Act) held by a sponsor or manager. In addition to tax, surcharge as per respective slabs and cess @ 4% would be applicable. National Pension 393(9) Nil - System Trust, as referred to in Schedule VII (Table: Sr. No. 41) of the Act Insurance 393(4) Nil Applicable for Insurance companies [Table: Sr. companies registered under No. 10] IRDAI. Resident 393(4)[Table: Nil This rate is applicable: Individuals Sr. No. 10] 1. If aggregate amount of dividend during Tax Year 2026-27 does not exceed INR 10,000/- or if valid Form 121*, is submitted; 2. Dividend should be in mode other than cash. Eligible resident 395 Rate as per TDS rate specified in the shareholders lower deduction certificate Lower Deduction Certificate issued by the Income Tax Authority valid for Tax Year 2026-27, covering dividend income. Resident 393(1) 10% If valid PAN is registered in Shareholders not [Table: Sr. the register of members, tax covered in above No. 7] shall be deducted at the rate provisions of 10% under Section 397(1) Category Section TDS Rate Applicability Conditions of the Act. 20% In the absence of PAN or invalid PAN, tax shall be deducted at the rate of 20% under Section 397(2) of the Act. *Form No. 121 in the case of eligible Resident shareholders: 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 (declaration form is annexed in the below link). To view / download Form 121 (click here) Where a shareholder furnishes lower / nil withholding tax certificate under Section 395(1) of the IT Act, 2025, TDS will be deducted as per the rates prescribed in such certificate. B. For Non-Resident Shareholders: Category Section TDS Rate Applicability Conditions Foreign 393(2) [Table: 20% In addition to tax, surcharge as Institutional Sr. No. 15] per respective slabs and cess @ Investors 4% would be applicable. /Foreign Portfolio A lower TDS rate as per relevant Investors Double Taxation Avoidance Agreements ("DTAA") may also apply, if the following documents are furnished: 1. Copy of valid PAN, if PAN not available provide the details in a specific format in Annexu [Showing first 8,000 characters — download PDF for full document]