Updates

UIMITED GST No. 0e3AAgB CAa28 6e3R1 ZH _ ATAMVALVES CIN-L27109PB1985PLC006476 1051, OUTSIDE INDUSTRIAL AREA, JALANDHAR CITY-144004, PUNJAB, INDIA. adie lest T : 91-181-5001111, 5019616/617 E-mail : sales@atamfebi.com F -91-181-2290611 E-mail marketing@atamfebi.com Website : www.atamvalves.in Date: - 29" August, 2026 ATAM/SE/2026-27/22 National Stock Exchang e of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 BSE Limited, The Department of Corporate Services P.J. Towers, Dalal Street, Mumbai — 400 001 Sub: Communication to Shareholders - Intimation on Tax Deduction on Dividend Ref: ISIN:-INE09KD01013 Scrip Code: - 543236 Symbol:-ATAM Respected Sir/Madam, Pursuant to the provisions of the Income Tax Act 2025 and the Rules framed there under, dividend paid or distributed, shall be taxable at the hands of the Shareholders and the company is required to deduct TDS on the Dividend. In this regard, please find enclosed herewith an e-mail communication which is being sent to all the shareholders of the Company whose e-mail IDs are registered with the Company/Depositories explaining the process on withholding tax from dividends paid to the shareholders at prescribed rates, as may be applicable, along with the necessary annexures. This communication is also being made available on the website of the Company at www.atamvalves.in . You are requested to kindly take the same on record. Thanking You, Yours Sincerely, For Atam Valves Limited Natisha Choudhary (Company Secretary and Compliance Officer) CIN-L27109PB1985PLC006476 GST No. O3AABCA2863R1ZH ATAM VALVES LIMITE D (FORME RLY ATAMVALVES PVT.LTD.) 1051, OUTSIDE INDUSTRIAL AREA, JALANDHAR CITY-144004, PUNJAB, INDIA. T :91-181-5001111, 5019616/617 E-mail : sales@atamfebi.com F : 91-181-2290611 E-mail : marketing@atamfebi.com Website : www.atamvalves.in August 29, 2026 THIS COMMUNICATION IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION Dear Shareholder, Trust you and your family are safe and in good health. Weare pleased to inform you that the Board of Directors of the Company, at its meeting held on May 25, 2026, has recommended a dividend of Rs.0.35 each per Equity Share of face value Rs.10 each for the Financial Year ended March 31, 2026, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting (“AGM”). As you are aware, pursuant to the implementation of the Income-tax Act, 2025 (“the Act’) and the rules made thereunder with effect from April 1, 2026, dividend paid or distributed by a Company 1s taxable in the hands of the shareholders and the Company is required to deduct tax at source (“TDS”) at the applicable rates. The aforesaid dividend, if approved by the shareholders at the AGM of the Company scheduled to be held on September 24, 2026, will be payable to those shareholders whose name appear in the Register of Members of the Company or in the records of the Depositories Participants, as on the record date, within the prescribed timeline as per applicable statute. If there is any change in the information, you are requested to update your records such as tax residential status, PAN and register your e-mail address, mobile numbers and other details with your relevant depositories through your depository participants. The records may please be updated before the record date to ensure correct deduction of tax, 1f applicable. This communication provides a brief on the applicable Tax Deduction at Source (TDS) provisions under the Act for Resident and Non-Resident shareholder categories. I. For Resident Shareholders Tax is required to be deducted at source under Section 393(1) [Table: S.No.7] read with section 393(4) [Table Sr. no. 10] of the Act at 10% on the amount of dividend where shareholders have registered their valid Permanent Account Number (PAN). In case, shareholders do not have PAN / invalid PAN/ PAN not linked with Aadhaar/ not registered their valid PAN details in their account or classified as specified person in the income- tax portal, TDS at the rate of 20% shall be deducted under Section 397(2) 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 the Financial Year (FY) 2026-27 does not exceed Rs.10,000/-; or ii. The shareholder provides Form 121, provided that all the required eligibility conditions are met. Please note that all fields are mandatory to be filled up and duly signed. The Company may at its sole discretion reject the form, if it does not fulfil the prescribed requirement under the Act. Format of Form 121 is enclosed herewith as Annexure 1.;or iil. Exemption certificate is issued by the Income-tax Department, if any. Note: Please note that linking of PAN and Aadhaar is mandatory. Accordingly, the shareholders are requested to link their PAN with Aadhaar on the income-tax website. In case the PAN is not linked with Aadhaar, then the PAN 1s liable to be treated as inoperative, and TDS would be deducted at higher rate prescribed in Section 397(2) of the Income-tax Act, 2025 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)/Life Insurance Corporation of India /General Insurance Corporation of India. ii. Mutual Funds: Self-declaration that it is registered with SEBI and is notified under Schedule VII [Table: SI. No. 20 or 21] to section 11 of the Act along with self-attested copy of PAN card and certificate of registration with SEBI. ii. Alternative Investment Fund (AIF): Self-declaration that its income is exempt under Schedule V [Table: Sl. No. 1] to Section 11 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 Schedule VII [Table: SI. No. 41] to Section 11 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. c. Incase, shareholders (individuals or non-individuals) provide certificate under Section 395(1) of the Act, for lower / NIL withholding of taxes, the rate specified in the said certificate shall be considered, on submission of self-attested copy to the company. Il. ForNon-resident Shareholder a. As per Domestic Tax Law Taxes are required to be withheld in accordance with the provisions of Sections 393(2) [Table Sl]. No 17] read with section 207(1) [Table SI. No. 1] 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(1) 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. As per Double Tax Avoidance Agreement (DTAA) As per Section 159 of the Act, the non-resident shareholder has the option to be governed by the provisions of the 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 DTAA benefit, the non- res [Showing first 8,000 characters — download PDF for full document]