Communication sent to the shareholders of the Company on TDS on Dividend Income.

GEL/SEC/2026/1610 19th August, 2026 BSE Limited, National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Mumbai G Block, Bandra Kurla Complex, Bandra (East), Mumbai Company Code: BSE - 539336 Company Code: NSE - GUJENERGY Sub: Communication sent to Shareholders of Gujarat Energy Limited – Intimation on Tax Deduction on Dividend. Dear Sir/Madam, In accordance with the provisions of the Income Tax Act, 2025, (the “IT Act”), dividend income is taxable in the hands of the shareholders. In this regard, please find enclosed herewith an E-mail communication which has been sent today to all the Shareholders of the Company whose E-mail IDs are registered with the R&TA/Depositories explaining them the process to be followed in respect of the applicability of tax deduction and formalities to be complied by them to ensure appropriate deduction of tax on the Dividend, if declared and payable during the Financial Year 2026 – 27. This communication is also being made available on the website of the Company at www.gujarat-energy.com. Thanking you, For, Gujarat Energy Limited Sandeep Dave Company Secretary Encl: As Above GUJARAT ENERGY LIMITED (Erstwhile Gujarat Gas Limited) Corporate Office: Office No. 4 & 5, Ground Floor, IT Tower -2, Infocity, Gandhinagar – 382009 Gujarat Registered Office: Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector- 11, Gandhinagar, Gujarat – 382010 Tel.: +91-79-66701001 Website: https://www.gujarat-energy.com/ , CIN: L40200GJ2012SGC069118 Gujarat Energy Limited (Erstwhile Gujarat Gas Limited) CIN: L40200GJ2012SGC069118 Registered Office: Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector 11, Gandhinagar-382010 Tel: +91-79-2673400,26737500 Website: www.gujarat-energy.com E-mail Id: investors@gujenergy.com THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Ref: Folio / DP Id & Client Id No: Name of the Shareholder: Subject: Communication for Deduction of Tax at Source (TDS) on Dividend to be declared in Tax Year 2026-27 (pertaining to Financial Year 2025-26) Dear Shareholder(s), We are pleased to inform you that the Board of Directors of your Company at its Meeting held on 30th May, 2026, has recommended a Dividend of Rs. 8.90/- per Equity Share of face value of Rs. 2/- each for the Financial Year ended 31st March, 2026 and the said Dividend will be paid subject to approval of the Shareholders at the ensuing Annual General Meeting. Pursuant to the requirement of the Income Tax Act, 2025, ("the Act") the Company will be required to withhold taxes at the prescribed rates on the Dividend paid to its Shareholders. UPDATION OF PAN / CATEGORY / RESIDENTIAL STATUS / E-MAIL ID To enable us to identify the appropriate TDS/Withholding Tax, all Shareholders need to ensure that below details are completed / updated in their respective Demat account(s) maintained with the Depository participant(s); or in case of shares held in Physical Form, with company's Registrar and Transfer Agent ['R&TA'] KFin Technologies Limited, on or before the record date fixed for the purpose of Dividend. 1. Valid Permanent Account Number [PAN] 2. Category of shareholder (e.g. Domestic Company, Foreign Company, Individual, Firm, LLP, HUF, Foreign Portfolio Investor (FPI), Foreign Institutional Investor (FII), Government, Trust, Alternate Investment Fund - Category I, II or III, etc.) 3. Residential Status as per Income Tax Act for Tax Year 2026-27 (Resident or Non-Resident) 4. E-mail ID for communication 5. Address for Communication In absence of updation/confirmation of above details by record date fixed for the purpose of Dividend, information as per Depository Participant's and R&TA's records (as applicable) will be used by the Company for determining the applicability of TDS on Dividend and the same shall be considered as final & binding to the Shareholder. Shareholder may please note that in the following cases TDS to be deducted at higher rate of 20% for Resident Share Holders  Shareholders who do not have PAN  Status of PAN is invalid  Status of PAN is inoperative due to non-linking of PAN with Aadhaar The Company will be using functionality of the Income-tax department for the purpose of checking the status of the shareholder’s PAN. SUBMISSION OF CONCESSIONAL FORMS / DECLARATIONS Certain category of Shareholders which are exempted from deduction of tax at source may note that they are required to submit certain Forms/Declarations/Documents (as mentioned in later part of this Communication) in order to enable the Company to determine and deduct appropriate TDS/ Withholding Tax. The Shareholders are requested to upload the said Documents/Forms on the upload centre of Company's Registrar and Share Transfer Agent ['R&TA'] KFin Technologies Limited at https://ris.kfintech.com/form15/ or may submit the physical documents to M/s. KFin Technologies Ltd, Unit: Gujarat Energy Limited, Selenium Tower B, Plot 31-32, Financial District, Serilingampally Mandal, Nanakramguda, Hyderabad - 500032 Telangana Toll Free No.: 1800 - 309 - 4001. The forms should be submitted through the above specified mode only on or before two days post record date fixed for the purpose of Dividend. The documents/forms submitted through any other mode shall not be considered by the Company/R&TA. Shareholders are advised to submit the said documents well in advance to ensure proper compliance. No Forms/Declaration/Documents on the tax determination / deduction as mentioned above shall be considered after the aforesaid timelines. APPLICABILITY OF TDS/WITHHOLDING TAX ON DIVIDEND WILL BE AS UNDER: FOR RESIDENT SHAREHOLDERS: Category of Tax Deduction Exemption applicability/ Documentation requirement shareholder Rate No TDS shall be deducted in the case where the total Dividend Income for Tax Resident Individual year 2026-27 to the Individual Shareholder from the respective entity paying Shareholder the dividend does not exceed Rs. 10,000/- as per Section 393(4) Table Sl. No.10 Declaration in Form No. 121 (applicable to resident individuals / including Individuals above the age of 60 years) provided that all the required eligibility conditions shall be complied. Please note that all fields are mandatory to be filled up and the Company may at its sole discretion reject the form, if it does Resident Individual not fulfil the requirement of law. submitting duly NIL (Please note that Form 121 of the Income Tax Rules, 2026 replaces Form 15G verified Form 121 & 15H of the erstwhile Income Tax Rules, 1962) Blank Form 121 can be downloaded from GEL's website at https://www.gujarat-energy.com/investors/tds-on-dividend/  Self-Attested copy of valid PAN & IRDAI Registration Certificate  Duly signed self-declaration Insurance Companies NIL Declaration format can be downloaded from GEL's website at https://www.gujarat-energy.com/investors/tds-on-dividend/  Self-Attested copy of valid PAN & Registration Certificate issued by SEBI Mutual Funds NIL  Duly signed self-declaration that its income is exempt under Section 11 of Schedule VII [Table Sl. No. 20] of the Act Declaration format can be downloaded from GEL's website at https://www.gujarat-energy.com/investors/tds-on-dividend/  Self-Attested copy of valid PAN & Registration Certificate issued by Alternative SEBI Investment Fund NIL  Self-Declaration that its income is exempt under Section 11 of Category- I & II Schedule V [Table: Sl. No. 1] of the Act read with Section 224(10)(a)  Self-Attested copies of registration documents and valid PAN New Pension System  Self-declaration that it qualifies as NPS trust and income is eligible for (NPS) Trust exemption under Section 11 of Schedule VII [Table Sl. No. 41] of the Any other entity  Self-attested copy of documentary evidence supporting the exempts from exemption along with self-attested copy of valid PAN card. withholding tax  A Declaration that they are covered under the circular No.18/2017 under the provisions issued by CBD [Showing first 8,000 characters — download PDF for full document]