Updates

Ref: SEC/ARIIL/BSE-NSE/2026-27 Date: August 26, 2026 To, To, The Manager, The Manager – Listing, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, 5th Floor, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai - 400051 Script Code: 513349 Script Code: AJMERA Sub: Communication to Shareholders - Intimation on Tax Deduction on Dividend Dear Sir/Madam, Pursuant to the Income Tax Act, 2025, as amended by the Finance Act, 2026, dividend income is taxable in the hands of the shareholders. In this regard, please find enclosed herewith an e-mail communication sent to all shareholders having their e-mail IDs registered with the Company/Depositories explaining the process regarding the applicability of tax deduction and procedures to be followed by the shareholders to ensure appropriate deduction of tax on the dividend, if declared at the 39th Annual General Meeting and payable during FY 2025-26. This communication is also being made available on the website of the Company at https://ajmera.com/annual-reports/. This is for your information and records. Thanking You, For AJMERA REALTY & INFRA INDIA LIMITED Reema Solanki Company Secretary & Compliance Officer Encl: As above AJMERA REALTY & INFRA INDIA LIMITED CIN: L27104MH1985PLC035659 Registered Office: 2nd Floor, Citi Mall, New Link Road, Andheri (W), Mumbai – 400053, Tel No: +91 22 6698 4000 Fax No.: +91 22 2632 5902 E-mail: investors@ajmera.com Website: www.ajmera.com Date: August 26, 2026 Dear Shareholder, We are pleased to inform you that the Board of Directors of Ajmera Realty & Infra India Limited (‘the Company’), at their Meeting held on Monday, May 25, 2026, recommended a final dividend of Re. 1/- per equity share of Rs. 2/- each for the Financial Year 2025-26 which shall be paid within 30 days of its declaration of the same by the shareholders of the Company at the ensuing Annual General Meeting (AGM). As you are aware, as per the Income Tax Act, 2025 (Act), as amended by the Finance Act, 2026, and the Rules framed thereunder, dividend declared and paid by the Company is taxable in the hands of its shareholders. The Company shall therefore be required to deduct tax at source at the time of making the payment of the said dividend, if approved, at the ensuing AGM of the Company. Pursuant to the SEBI Master Circular dated February 06, 2026, issued to the Registrar to an Issue and Share Transfer Agent (RTA) read with other related SEBI Circulars, the shareholders holding shares in physical form whose folio(s) do not have Permanent Account Number ("PAN"), Choice of Nomination, Contact Details, Mobile Number, Bank Account Details, Specimen Signature updated, shall be eligible for payment of dividend, in respect of such folio(s), only through electronic mode upon their furnishing all the aforesaid details in entirety to RTA of the Company. This communication provides a brief overview of the applicable Tax Deduction at Source (TDS) provisions under the Act for resident and non-resident shareholder categories. I. For Resident Shareholders, taxes shall be deducted at source under Section 393(1) of the Income tax Act, 2025 (Act) at 10% on the amount of dividend payable, where the aggregate dividend paid or payable during the financial year exceeds ₹10,000 and if you have provided Permanent Account Number (PAN). In case, shareholders do not have PAN / have not registered their valid PAN details in their account, 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 a resident individual if i. The amount of such dividend or the aggregate of the amounts of such dividend distributed or paid or likely to be distributed or paid during the financial year, to the shareholder, does not exceed Rs. 10,000/-; or ii. The shareholder furnishes valid Form 121 (erstwhile Form 15G and Form 15H) and satisfies all prescribed conditions under the Act and the Income-tax Rules, 2026. Please note that all the applicable fields are mandatory to be filled up in respective forms and the Company will reject incomplete forms. If the recipient makes a declaration without his / her valid PAN, Aadhaar and Pan not linked - inoperative PAN, TDS would be deducted @ 20% as per Section 397 of the Act. Subject to above, Form 121 (erstwhile Form 15G/15H) needs to be furnished only if dividend amount exceeds Rs. 10,000/- You can access FORM 121 by clicking on the below link: https://ajmera.com/wp-content/uploads/2026/08/TDS_Form-121.pdf iii. The shareholder furnishes a valid Exemption certificate issued by the Income-tax Department under Section 395 of the Act authorizing deduction of tax at a lower rate or nil rate, if any. Note: 1. Shareholders are requested to ensure their Aadhar number is linked with PAN, as per the timelines prescribed. In case of failure of linking Aadhar with PAN within the prescribed timelines, PAN shall be considered inoperative, and in such scenario, tax shall be deducted at higher rate of 20%. The Company will be using functionality of the Income-tax department for the above purpose. 2. Recording of the PAN for the registered Folio/DP ID-Client ID is mandatory. In the absence of valid PAN, tax will be deducted at a higher rate of 20%, as per Section 397 of the Act. b. Individuals, who are resident in India: No tax shall be deducted on the dividend payable to the following non-individuals, who are resident in India, where they provide details and documents: i. Insurance Companies: Self declaration confirming 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 confirming that it is registered with SEBI and is eligible for exemption under the applicable provisions of the Income-tax Act, 2025, along with self-attested copy of PAN card and certificate of registration with SEBI. Iii. Alternative Investment Fund (AlF): Self-declaration confirming that it is registered with SEBI as a Category I or Category II Alternative Investment Fund and is eligible for exemption under the applicable provisions of the Income-tax Act, 2025, along with a self-attested copy of PAN card and SEBI AIF registration certificate. Category III AIFs shall be subject to tax deduction at source at the applicable rate. iv. Sovereign Wealth funds and Pension funds: Self-Declaration confirming that the conditions specified in Schedule V (7) of the Act have been duly complied with. v. New Pension System (NPS) Trust: Self-declaration confirming that it qualifies as NPS trust and income is eligible for exemption under applicable provisions of the Act and being regulated by the provisions of the Indian Trusts Act, 1882 along with self attested copy of the PAN card. vi. Recognized provident fund/ Approved superannuation fund/ Approved gratuity fund: Self declaration confirming that its income is eligible for exemption under applicable provisions of the Act along with self attested copy of PAN card and approval granted by Income Tax Officer / Commissioner; vii. Corporation established by or under a Central Act, which is exempt from income-tax: An attested copy of the PAN & a Self-declaration along with documentary evidence that the person/entity is covered under section 393 of the IT Act. viii. Other Non-Individual shareholders: Self-attested copies of documentary evidence supporting their eligibility for exemption from tax deduction, together with a self-attested copy of PAN card. c. In case, shareholders (both individuals and non-individuals) provide certificate 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 cop [Showing first 8,000 characters — download PDF for full document]