Communication to Members - Intimation on Tax Deduction on Dividend. Please see attachment for more details.

Timken India has informed shareholders about the tax deduction rules applicable to the dividend of Rs. 36 per equity share (face value Rs. 10) recommended by the Board for FY 2024-25, pending AGM approval. For resident members with a valid PAN, TDS will be deducted at 10% under Section 194; without a valid PAN or if PAN is not linked with Aadhaar, TDS rises to 20%. Resident individuals whose total dividend in FY 2025-26 does not exceed Rs. 10,000, or who submit Form 15G/15H, will not have tax deducted. Non-resident members face 20% TDS (plus surcharge and cess), though DTAA benefits may apply if the required documents (PAN, Tax Residency Certificate, Form 10F, self-declaration) are submitted to the company by 25 July 2025.