Communication to Shareholders- Intimation on Tax Deduction on Dividend

Indo Borax & Chemicals has informed shareholders about the tax deduction process applicable on its recently recommended dividend of Rs. 40 per share (Rs. 10 final + Rs. 30 special), subject to AGM approval on July 28, 2026. The company will deduct tax at source before paying out the dividend, with rates depending on shareholder type and documents submitted. Resident individual shareholders whose total dividend for FY 2026-27 does not exceed Rs. 10,000 will face no TDS; those with valid PAN will have 10% deducted, while invalid or missing PAN attracts 20%. Non-resident shareholders face 20% (plus surcharge/cess) or a lower treaty rate if proper documents are submitted. Shareholders must submit required declarations, including Form 121 and PAN/Aadhaar-linked details, to the RTA (MUFG Intime India) by July 20, 2026, and are also urged to update their KYC details (email, phone, bank account, PAN).