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Gujarat Alkalies and Chemicals Limited (Promoted by Govt. of Gujarat) RegdO.ff ic&e W ork:sP .OR.a no-l3i9 135D0i.sV ta.d oda(rGau jaIrNaDtI)A Phon:e+ 91-265-61F1a1x:0+ 0901 -265-6111012 Websitwwe:w.g acl.com CINN O:L 24110GJ1973PLC002247 Promoting Green Technology Ref:.S EC/SE/2026/ 14t h Augus2t0,2 6 BSE Ltd. NationSatlo cEkx changoefI ndiLat d. 1st FlooNre,w TradinRgi ng "ExchanPglea zaC"-,1 B,l oc'Gk ' PhiroJzeee jeebhTooyw ers Bandra-KuCrolmap lex DalaSlt reet Sandr(aE ast) MUMBAI: 4 000 01 MUMBAI: 4 000 51 Ref.: C ompanyC odeN o.: 530001 Ref.: C ompanyC odeN o.: GUJALKALI DearS ir/Madam, Sub.: CommunicatitoonS hareholde-rsI ntimatioonn T ax Deductioonn Dividend Thisi si nr eferenwciet thh ep rovisioofnt sh eI ncomtea xA ct2,0 25w itrhe spetcot divideinndc ombee intga xabilnet heh andso ft hes hareholders. Int hirse garpdl,e asfei nedn closheedr ewiatnhE -maiclo mmunicatwihoinc hha sb een sentt odatyo a ltlh es hareholdwehross ee maiald dressaerse r egistewrietdht h e Company/Depositionrtieers-,ia nldiai,c attihnepg r ocesasn dd ocumentatrieoqnu ired forcl aimitnagxe xemptioonnD ividenTdh.es aicdo mmunicatiisao lns aov ailaobnl e theC ompany'wse bsiatteww w.gacl.com. We requeysotu t ok indtlayk teh es ameo nr ecord. Thankiynogu , Yourfsa ithfully, For JARATA LKALIEASN D CHEMICALSL IMITED E-mai.lc ose@gc acl.co.in DaheCjo mpl:eP x.OD.a he3j9-213T0a.iV .a grDai,s Bth.a ru(cGhu jaIrNaDtI)A Phon:e+ 91-2641-613256 Gujarat Alkalies and Chemicals Limited (Promoted by Govt. of Gujarat) Regd. Office & Works: P.O. Ranoli – 391 350, Dist. Vadodara (Gujarat) India. Phone: +91-265-6111000 / 7119000; Fax: +91 -265-6111012 Website: www.gacl.com; CIN No.: L24110GJ1973PLC002247 E-Mail: investor_relations@gacl.co.in Date: 14/08/2026 Name of the Shareholder: (Name) Dear Shareholder, Subject: Gujarat Alkalies and Chemicals Limited - Communication of Tax deduction at Source (TDS) on Dividend for the Financial Year 2025-26 We are pleased to inform you that the Board of Directors of the Company, at its meeting held on 29.05.2026, recommended a Dividend of Rs. 17.70/- per Equity Share of Rs. 10/- each (177%) for the Financial Year 2025-26 subject to the approval of shareholders. The said dividend will be payable to those shareholders whose names appear in the Register of Members of the Company on the Record Date i.e. 18th September, 2026. As per the Indian Income Tax Act, 2025 (“the Act”), dividend paid and distributed by a company is taxable in the hands of shareholders. Therefore, the Company is required to deduct taxes at source (TDS) at the rates applicable on the amount distributed to the shareholders. TDS rate 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. The Company shall, therefore, be required to deduct tax at source at the time of making the payment of the dividend, if approved, at the ensuing Annual General Meeting (AGM) of the Company. This communication provides a brief of the applicable Tax Deduction at Source (TDS) provisions under the Act for Resident and Non-Resident shareholder categories. For resident shareholders Tax will be deducted at source under Section 393(1) [Table Sr. No. 7] read with Section 393(4) [Table Sr. No. 10] of the Act @ 10% on the amount of dividend payable, unless exempted under any of the provisions of the Act. However, in case of Individuals, TDS will not apply if the aggregate of total dividend paid to them by the Company during the tax year 2026-27 does not exceed Rs. 10,000/- (Rupees Ten Thousand Only). As per section 393(6) of the Act, no tax will be deducted at source in cases where a shareholder provides duly signed Form 121, provided that the eligibility conditions as prescribed under the Act are met. Form 121 can be downloaded from the link given at the end of this communication (refer format) or from the website of the Company viz. www.gacl.com Shareholders are requested to carefully review the requirements of Form 121 and ensure that all columns are duly completed. Please note that all fields mentioned in the forms are mandatory and the Company will not be able to accept the form(s) submitted, if not filled correctly. NIL/lower tax will be deducted on dividend payable to the following categories of resident shareholders, on submission of self-declaration (refer format): i. Insurance companies: Documentary evidence to prove that the Insurance company qualify as Insurer in terms of the provisions of Section 2(7A) of the Insurance Act, 1938 along with self- attested copy of the registration certificate substantiating applicability of section 393(4) Table: Sl. No. 10) of the IT Act and PAN card; ii. Mutual Funds: Documentary evidence to prove that the mutual fund is registered with Securities and Exchange Board of India (‘SEBI’) and is notified under Schedule VII [Table Sr. No. 20] to Section 11 of the Act and is eligible for exemption, along with self-attested copy of the registration certificate and PAN card; iii. Alternative Investment Fund (AIF) established in India: Self-declaration that its income is exempt under Schedule V [Table Sr. No. 1] to Section 11 - Schedule V [Table Sr. No. 1 and 6] of the Act and that they are registered as Category I or Category II AIF under the Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, made under the Securities and Exchange Board of India Act, 1992. Copy of self- attested registration certificate and PAN card should also be provided; iv. National Pension System Trust & other Shareholders: Self-declaration that it qualifies as NPS trust and income is eligible for exemption under Schedule VII [Table Sr. No. 41] to Section 11 of the Act and being regulated by the provisions of the Indian Trusts Act, 1882 along with self- attested copy of PAN card; v. Recognized Provident funds/ Approved Superannuation fund/Approved Gratuity Fund: Self-declaration that its income is eligible for exemption under Schedule III [Table: S. No. 32] to section 11 of the Act along with self-attested copy of PAN card and approval granted by Commissioner of Income Tax. vi. Business Trust: Self-declaration that its income is exempt under Schedule V [Table Sr. No. 3] to Section 11 of the Act along with self-attested copy of PAN card. vii. Other shareholders – Declaration (refer format) along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card; Shareholders who have provided a valid certificate issued u/s 395(1) of the Act for lower / nil rate of deduction or an exemption certificate issued by the income tax authorities along with self- attested copy of PAN card. The certificate should be valid for the tax year 2026-27 and should cover the dividend income from the Company. Please also note that where tax is deductible under the provisions of the Act and the PAN of the shareholder is either not available or PAN available in records of the Company is invalid / inoperative, tax shall be deducted @ 20% as per section 397 of the Act. For NON-RESIDENT shareholders (including Foreign Institutional Investors and Foreign Portfolio Investors) 1. Tax is required to be withheld in accordance with the provisions of Section 393(2) [Table Sr. No. 15 and 17] of the Act as per the rates as applicable. As per the relevant provisions of the Act, the withholding tax shall be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable. In case, Non-Resident Shareholders provide a certificate issued under Section 395 of the Act, for lower / nil withholding of taxes, rate specified in the said certificate shall be considered, on submission of self-attested copy of the same. 2. 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') between India and the country of tax residence of the shareholder, if su [Showing first 8,000 characters — download PDF for full document]