Please find enclosed communication to shareholders- Intimation of Tax Deduction on Dividend

Axis Solutions Limited has informed shareholders about the tax deduction rules applicable on its proposed final dividend of Rs. 0.50 (5%) per equity share of face value Rs. 10 for FY 2024-25, subject to approval at the 40th AGM. For resident shareholders with a valid PAN, TDS will be deducted at 10%; without PAN or if PAN is not linked with Aadhaar, the rate jumps to 20%. Non-resident shareholders will face 20% TDS (plus surcharge and cess), though they can claim lower rates under Double Tax Avoidance Agreements (DTAA) by submitting the required documents. Shareholders must submit all relevant forms (15G/15H for resident individuals, TRC and Form 10F for non-residents, declaration for exempt entities) by 16 September 2025. Shareholders holding shares in physical form must update bank account details, PAN, nomination, and contact details, as SEBI mandates electronic dividend payments from April 1, 2024.