General Updates

August 26, 2026 The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street,Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 500655 Trading Symbol: GRWRHITECH Subject: Communication to Shareholders - Intimation on Tax Deduction on Dividend Pursuant to the provisions of the Income Tax Act, 2025 and the Rules framed there under, the dividend income shall be taxable in the hands of the shareholders. In this regard, please find enclosed herewith an email communication which has been sent to all the shareholders having their email ID’s registered with the Company / Depositories / RTA, explaining the process to be followed by the Shareholders to ensure appropriate deduction of tax / withholding tax on the dividend to be paid, if declared, to the shareholders at prescribed rates. The above information is also available on the website of the Company at https://www.garwarehitechfilms.com/ This is for your information and record(s). Thanking you, Yours faithfully, For Garware Hi-Tech Films Limited Awaneesh Srivastava Company Secretary FCS 8513 Encl.: As stated above. GARWARE HI-TECH FILMS LIMITED CORPORATE OFFICE : GARWARE HOUSE, 50-A, SWAMI NITYANAND MARG VILE PARLE (EAST), MUMBAI – 400 057. TEL: 0091-22-6698 8000 (15 LINES) WEBSITE: www.garwarehitechfilms.com CIN: L10889MH1957PLC010889 REGD. OFFICE: NAIGAON, P.O. WALUJ, CHHATRAPATI SAMBHAJI NAGAR – 431 133 (INDIA) GARWARE HI-TECH FILMS LIMITED Registered Office: Naigaon, Post Waluj, Chhatrapati Sambhajinagar (Aurangabad)-431 133 CIN No.: L10889MH1957PLC010889 Tel: 0240 2567400 email: cs@garwarehitech.com and website: www.garwarehitechfilms.com Date: August 25, 2026 Dear Shareholder, We are pleased to inform you that the Board of Directors of Garware Hi-Tech Films Limited (‘the Company’), at its meeting held on May 06, 2026, has declaration of final dividend of Rs. 12.00 per fully paid-up equity Share of face value Rs. 10/- each (i.e., 120%) for the Financial Year (‘FY’) ended March 31, 2026. This dividend will be paid, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting (AGM) scheduled on Wednesday, September 23, 2026. Accordingly, dividend, if approved, will be paid to those shareholders whose name appear in Register of Members of the Company as on Wednesday, September 16, 2026 (i.e. Record date). The dividend, if approved, shall be paid within stipulated time. As you are aware, as per the provisions of the Income-tax Act 2025 (as amended by Finance Act, 2026) (the Act’) and the Rules framed thereunder, dividend paid or distributed by a company, shall be taxable at the hands of the Shareholders. Accordingly, the Company is required to deduct tax at source from dividend paid to the Shareholders. This communication provides a gist of the applicable provisions of the Act relating to Tax Deduction at Source(‘TDS’) on dividend. I. For Resident Shareholders: Tax is required to be deducted at source under Section 393(1) read with Section 393(4) of the Act, at the rate of 10% on the amount of dividend where Shareholders have registered their valid Permanent Account Number (PAN). In case Shareholders do not have PAN / have not registered their valid PAN details in their demat account/ PAN is invalid or declared to be inoperative on non-linking of PAN with Aadhaar, TDS at the rate of 20% shall be deducted under Section 397 of the Act. a. Resident Individuals: No tax shall be deducted on the dividend payable to resident individuals if: I. Total dividend amount to be received by them during FY 2026-27 does not exceed Rs.10,000/-; or II. The Shareholder furnishes Form 121, provided that all the required eligibility conditions are met. 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 not fulfil the requirement of law. Format of Form 121 is enclosed herewith as Annexure 1. or III. Exemption certificate, if any, issued by the Income-tax Department. b. Resident Non-Individuals: No tax shall be deducted on the dividend payable to the following resident non- individuals where they provide details and documents as per the format attached in Annexure 2. i. Insurance Companies: Self declaration that it qualifies as ‘Insurer’ as per Section 2(7A) of the Insurance Act, 1938 and has full beneficial interest with respect to the Equity Shares owned by it along with self-attested copy of PAN card and certificate of registration with Insurance Regulatory and Development Authority (IRDA)/ LIC/ GIC. ii. Mutual Funds: Self-declaration that it is registered with Securities and Exchange Board of India (‘SEBI’) and is notified under Section 11 of Schedule VII [Table Sr. No. 20] of the Act along with self-attested copy of PAN card and certificate of registration with SEBI. iii. Alternative Investment Fund (AIF): Self-declaration that its income is exempt under Section 11 - Schedule V [Table Sr. No. 1] of the Act, and they are registered with SEBI as Category I or Category II AIF along with self- attested copy of the PAN card and certificate of AIF registration with SEBI. iv. New Pension System (NPS) Trust: Self-declaration that it qualifies as NPS trust and income is eligible for exemption under Section 11 of Schedule VII [Table Sr. No. 41] of the Act and being regulated by the provisions of the Indian Trusts Act, 1882 along with self-attested copy of the PAN card. v. Other Non-Individual Shareholders: Self-attested copy of documentary evidence supporting the exemption along with self-attested copy of PAN card. II. For Non-Resident Shareholders: a. Taxes are required to be withheld in accordance with the provisions of Section 393(2) [Table Sr. No. 17 and 15] 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 to them. 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. b. Further, as per Section 159 of the Act, the non-resident Shareholder has the option to be governed by the provisions of the Double Tax Avoidance Agreement (DTAA) between India and the country of tax residence of the Shareholder, if they are more beneficial to them. For this purpose, i.e., to avail Tax Treaty benefit, the non- resident Shareholders are required to provide the following: i. Self-attested copy of the PAN card allotted by the Indian Income-tax authorities. In case, PAN is not available, the non-resident Shareholder shall furnish (a) name, (b) email ID, (c) contact number, (d) address in residency country, (e) Tax Identification Number of the residency country (format attached herewith as Annexure 3). ii. Self-attested copy of Tax Residency Certificate (TRC) (For FY April 1, 2026 to March 31, 2027) obtained from the tax authorities of the country of which the Shareholder is a resident. iii. E-filed Form 41 (filed electronically on the Indian Income Tax web portal pursuant to Notification no. 03/2022 dated July 16, 2022) valid for the period April 2026 to March 2027. iv. Self-declaration by Shareholder of meeting treaty eligibility requirement and satisfying beneficial ownership requirement. (For FY April 1, 2026 to March 31, 2027) (format attached herewith as Annexure 3). v. In case of Foreign Institutional Investors and Foreign Portfolio Investors copy of SEBI registration certificate. vi. In case of Shareholder being tax resident of Singapore, please furnish the letter issued by the competent authority or any other evidence demonstrating the non-applicability of Article 24-Limitation of Relief under India- Singapore DTAA. I [Showing first 8,000 characters — download PDF for full document]