Communication to Shareholders on deduction of tax at source on Dividend

18th August, 2026 To, To, The Manager, The Manager, Compliance Department, Corporate Service Department, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai - 400 001 Mumbai - 400 051 Symbol : TBZ Script Code & ID: 534369 Dear Sir/Madam Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Sub: Communication to Shareholders on deduction of tax at source on Dividend With reference to above and in compliance with the provisions of the Income Tax Act, 2025 and the Rules framed thereunder, we are enclosing herewith an e-mail communication which has been sent to all the Shareholders whose e-mail addresses are registered with the Company/ Company's Registrar and Share Transfer Agent viz; KFin Technologies Limited / Depositories inter-alia indicating the process and documentation required for claiming tax exemption on dividend. Kindly take the same on record. Thanking You. Yours faithfully, For Tribhovandas Bhimji Zaveri Limited Arpit Maheshwari Company Secretary ACS:42396 Encl: as above TRIBHOVANDAS BHIMJI ZAVERI LIMITED CIN: L27205MH2007PLC172598 Registered Office: 241/43, Zaveri Bazar, Mumbai – 400 002 Tel. No.: +91 22 4046 5001 Website: www.tbztheoriginal.com | E-mail: investors@tbzoriginal.com 18th August, 2026 Dear Shareholder(s), Sub: Communication on deduction of tax at source on Dividend recommended for the financial year ended 31st March, 2026 We are pleased to inform you that the Board of Directors of Tribhovandas Bhimji Zaveri Limited (“the Company“) at their Meeting held on Wednesday, 27th May, 2026 recommended the dividend of Rs. 2.50 (i.e. 25%) per equity share on face value of Rs. 10 each for the Financial Year ended 31st March, 2026, subject to approval of Shareholders in the ensuing 19th Annual General Meeting (“AGM”) to be held on Wednesday, 9th September, 2026. The dividend, as recommended by the Board of Directors and if approved at the ensuing AGM, will be paid to Shareholders holding equity shares of the Company as on the record date i.e. Wednesday, 2nd September, 2026. Shareholders may note that the provisions of Income Tax Act, 2025 (“the Act”), mandates that 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 (“TDS”) at the time of making payment of the said dividend. The TDS rate will be based on the category of the Shareholder and the documents submitted by them and accepted by the Company. Further, higher rate of TDS would be applicable, if pursuant to Section 397(2) of the Act valid permanent account number (“PAN”) has not been provided by the Shareholder or pursuant to Section 262 of the Act where PAN is inoperative due to non-linking with Aadhaar. Accordingly, the final dividend will be paid by the Company after deducting tax at source, as applicable and as explained herein: I. Resident Shareholders TDS will be applicable at 10% on the amount of dividend. In case valid PAN is not provided or PAN-Aadhaar is not linked, then the TDS will be applicable at 20% of the amount of dividend. No tax shall be deducted on the dividend payable if either of the below two conditions are fulfilled: • Total dividend payable to a Resident individual shareholder does not exceed Rs. 10,000 per year. • The shareholder has provided duly filled and signed Form 121 [earlier Form 15G/15H] (applicable to any Person other than a company or a Firm) for tax year 2026-27 with valid PAN and provided that all the required eligibility conditions are met. The following Tax Resident Shareholders should be eligible for nil/lower rate of TDS upon providing the documents mentioned hereunder to the satisfaction of the Company: Sr. Particulars Applicable Documents Required No. Rate of TDS 1. Insurance Companies Nil • Duly signed self-declaration (Annexure 1) • Self-attested copy of PAN • Self-attested copy of IRDAI Registration Certificate 2. Government, Reserve Nil • Duly signed self-declaration Bank of India, Specified (Annexure 1) Corporations • Self-attested copy of PAN established by or under • Self-attested copy of relevant Central Act whose registration documents income is exempt from tax under that Act, and Mutual Funds specified under Schedule VII [Table: S.No.20 & 21] of the Act 3. Alternative Investment Nil • Duly signed self-declaration Fund Category - I & II (Annexure 1) • Self-attested copy of PAN • Self-attested copy of SEBI AIF registration certificate 4. Shareholders exempted Nil • Duly signed self-declaration from TDS provisions in (Annexure 1) terms of any provisions • Self-attested copy of PAN of the Act or CBDT • Documentary evidence Circular or Notification supporting the exemption status in terms of any provisions of the Act or CBDT Circular or Notification 5. All resident Rate specified • Self-attested copy of certificate shareholders in the lower or under Section 395(1) of the Act nil deduction • Please note the TAN of the Company to be mentioned in certificate the lower deduction certificate as MUMT14057B II. Non-Resident Shareholders a. For Non-Resident Institutional Shareholders being Foreign Institutional Investor/ Foreign Portfolio Investor ("FII/FPI"), TDS will be applicable under Section 393(2) [Table: S.No.15] of the Act, at 20% or as per the rate in any applicable Double Tax Avoidance Agreement (tax treaty) on submission of documents mentioned below, whichever is lower, on the amount of dividend payable. b. For other Non-Resident Shareholders, TDS will be applicable in accordance with the provisions of Section 393(2) [Table: S.No.17] of the Act, at the rates in force which is currently 20% or as per the rate in any applicable tax treaty on submission of documents mentioned below, whichever is lower, on the amount of dividend payable. c. If certificate under Section 395 of the Act is obtained by Non-Resident Shareholders for lower/Nil withholding of taxes, rate specified in the said certificate shall be considered based on submission of self-attested copy of the same. Please note the TAN of the Company to be mentioned in the lower deduction certificate as MUMT14057B. Pursuant to Section 159(4)(a) of the Act, Non-Resident Shareholders have the option to avail the benefit of tax treaty between India and the countries of their tax residence for which such Non-Resident Shareholders will have to provide the following documents, to the satisfaction of the Company: 1. Self-attested copy of PAN; if PAN is not allotted, please submit self-declaration. 2. Self-attested copy of Tax Residency Certificate (“TRC”) (for tax year 2026-27) obtained from the tax authorities of the country of which the shareholder is resident. In case, the TRC is furnished in a language other than English, the said TRC would have to be translated from such other language to English language and thereafter duly notarized and apostilled copy of the TRC would have to be provided. 3. Self-declaration in online filed Form 41 (earlier Form 10F) for tax year 2026-27 on the Income Tax portal. 4. Self-declaration (Annexure 2) by the Non-Resident Shareholder as to: • Eligibility to claim tax treaty benefits based on the tax residential status of the shareholder; • The shareholder did not, at any time during the relevant year, have permanent establishment/fixed base in India in accordance with the applicable tax treaty; • Shareholder being the beneficial owner of the dividend income to be received on the equity shares. Please note that in case of Non-Resident Shareholders, Self Declaration of No Permanent Establishment and Beneficial ownership (Annexure 2) should be on the letterhead of the shareholder for claiming tax treaty benefits. Please note that the Company in its sole and absolute discretion reserves the right to call for any further information and/or to apply domestic l [Showing first 8,000 characters — download PDF for full document]