Communication regarding Tax Deducted at Source (TDS) on Final Dividend.

August 17, 2026 To, To, BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services, Exchange Plaza, 5th Floor, G-Block, P. J. Towers, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Bandra East, Scrip Code: 532543 Mumbai 400 051 Scrip Symbol: GULFPETRO Dear Sir/Madam, Sub.: Communication regarding Tax Deducted at Source (TDS) on Final Dividend Dear Sir/Madam, This is to inform that the Company has fixed Wednesday, August 19th 2026 as the “Record Date” for the purpose of determining the members entitled to receive final dividend for the financial year 2025-26. It is also provided that the dividend, if declared at the AGM, will be paid within a period of 30 (thirty) days from the conclusion of the AGM. In terms of the applicable provisions of the Income-tax Act, 2025 (“the Act”), any dividend paid or distributed by a Company is taxable in the hands of the members. The Company shall therefore be required to deduct tax at source at the time of making the payment of the dividend, if declared at the AGM. In line with above, please find enclosed a communication regarding Tax Deducted at Source (TDS) on Final Dividend for the Financial Year 2025-26, inter-alia, prescribing the process and requirement of requisite documents for claiming tax exemption on Final dividend for the Financial Year 2025-26 for Resident and Non-resident members. We request you to take the same on your records and inform your members accordingly. Thanking You. Yours Faithfully, For GP Petroleums Limited Kanika Sehgal Sadana Company Secretary & Compliance Officer Mem. No. A31466 GP Petroleums Limited CIN: L23201MH1983PLC030372 Regd. Office: 804, 8th Floor, Ackruti Star, MIDC Central Road, MIDC, Andheri (East), Mumbai 400 093. E-mail: cs.gppl@gpglobal.com • Tel: 91 22 6148 2500 • Website: www.gppetroleums.co.in Communication to Shareholders - Intimation on Tax Deduction on Dividend & Updation of Email ID’s, Phone No. and Bank details Dear Shareholder, We hope that you and your family are safe and in good health!! We are pleased to inform you that the Board of Directors at their Meeting held on July 24, 2026 has recommended a Final Dividend of ₹ 0.50/- (10%) per equity share of the face value of ₹ 5/- each for the Financial Year ended March 31, 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. As you are aware that as per the Income Tax Act, 2025, as amended by the Finance Act, 2026, dividends paid or distributed by a Company shall be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source at the time of making the payment of the said Final Dividend if declared at the AGM to be held on Wednesday, August 26, 2026 at 11.30 A.M. The TDS rate may vary depending on the residential status of the shareholder and the documents submitted to the Company in accordance with the provisions of the Act. The TDS for various categories of shareholders along with the required documents are provided below: 1.0 For Resident Shareholders: - Tax will be deducted at source under Section 393(1) of the Act @ 10% on the amount of dividend payable, unless exempt under any of the provisions of the Act. However, in case of Individuals, TDS would not apply if the aggregate of total dividend paid to them by the Company during the financial year does not exceed Rs. 10,000. No TDS will be deducted in cases where a shareholder provides Form 121 (applicable to individual), provided that the eligibility conditions as prescribed under the Act are met. Blank Form 121 can be downloaded from the link given at the end of this communication. (Format enclosed as Annexure A). Please note that all fields mentioned in the forms are mandatory and the Company will not be able to accept the forms submitted, if not filled correctly. Please also note that valid Permanent Account Number (‘PAN’) will be mandatorily required. Shareholders are requested to ensure that their PAN is operative under the provisions of the Income- tax Act, 2025. Where PAN is inoperative, tax may be deducted at the higher rate prescribed under the Act. NIL/lower tax will be deducted on dividend payable to the following categories of resident shareholders, on submission of self-declaration. (Format enclosed as Annexure B): i. Insurance companies: Documentary evidence to prove that the Insurance company qualifies as an insurer in terms of the provisions of Section 2(7A) of the Insurance Act, 1938 along with a self-attested copy of PAN card; ii. Mutual Funds: Documentary evidence to prove that the mutual fund is a mutual fund as per Section 11 of the Act read with relevant schedule and is eligible for exemption, along with a self-attested copy of the registration documents and PAN card; iii. Alternative Investment Fund (AIF) established in India: Documentary evidence to prove that AIF is a fund eligible for exemption u/s 11 read with relevant schedule of the Act and that they are established 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 (15 of 1992). Copy of self-attested registration documents and PAN card should also be provided; iv. National Pension System Trust & other Shareholders: Declaration along with a self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card; v. 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. 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 the PAN available in records of the Company is invalid / inoperative, tax shall be deducted @ 20% as per section 397 of the Act. 2.0 For Non-Resident Shareholders (including Foreign Institutional Investors and Foreign Portfolio Investors): - i. Tax is required to be withheld in accordance with the provisions of Sections 393(2) [Table Sr. No.15] of the Act @ 20% (plus applicable surcharge and cess) on the amount of dividend payable. ii. As per section 159 of the Act, a non-resident shareholder (including Foreign Institutional Investors and Foreign Portfolio Investors) 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 such DTAA provisions are more beneficial to such shareholder. To avail the DTAA benefits, the non-resident shareholder will have to provide the following documents: - a. Self-attested copy of PAN, if any, allotted by the Indian tax authorities. In case of non- availability of PAN, declaration (Sample format enclosed as Annexure C) is to be submitted; b. Self-attested copy of valid Tax Residency Certificate (‘TRC’) issued by the tax authorities of the country of which shareholder is tax resident, evidencing and certifying shareholder’s tax residency status; c. Downloaded electronic Form 41 from Income-tax portal for shareholder having PAN d. Self-declaration (Sample format enclosed as Annexure D) certifying the following points:- • Shareholder is and will continue to remain a tax resident of the country of its residence during FY 2026-27 (i.e. 01.04.2026 to 31.03.2027); • Shareholder is the beneficial owner of the shares and is entitled to the dividend receivable from the Company; • Shareholder qualifies as ‘person’ as per DTAA and is eligible to claim benefits as per DTAA for the purposes of tax withholding on dividend declared by the Company; • Shareholder has no permanent establishment / business connection / place of effective management in India; Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India; • Shareholder has no reason to believe that its claim for t [Showing first 8,000 characters — download PDF for full document]