Instructions on tax deductible at source on dividend:

 
In terms of the provisions of the Income-tax Act, 2025 ("the Act"), dividend paid or distributed by a Company would be taxable in the hands of the shareholders and the Company shall be required to deduct tax at source (TDS) from dividend paid to shareholders at the applicable rates at the time of making payment of dividend to the shareholders. The TDS rate would vary depending on the residential status of the shareholder and the documents submitted and accepted by the Company. Further, higher rate of TDS would be applicable if valid permanent account number (PAN) has not been provided by shareholder or where PAN is inoperative or PAN is not linked with Aadhaar
 
To enable the Company to determine the appropriate withholding tax rate, all Shareholders are requested to ensure to update the details such as tax residential status, PAN, bank account details, address, email address, mobile number and nomination with their depository participants to their Depository Participant (if shares are held in Dematerialized Form) or with the Registrar and Transfer Agent or Company (if shares are held in Physical Form). Please note that for the purpose of complying with the applicable TDS provisions, the Company will rely on the above-mentioned information as per the details available with the Depositories/RTA.
 
The Company is obligated to deduct TDS based on the records made available by National Securities Depository Limited or Central Depository Services (India) Limited (collectively referred to as 'the Depositories') in case of shares held in demat mode and from the RTA in case of shares held in physical mode and no request will be entertained for revision of TDS return.
 
Accordingly, the dividend will be paid by the Company after deducting tax at source, as applicable, as explained hereunder:
 
For Resident Shareholders: -
 
Tax will be deducted at source at 10% on the amount of dividend payable, unless exempted under any of the provisions of the Act. However, TDS would not apply if the aggregate of total dividend paid to Individual shareholder (valid PAN) during the tax year does not exceed ₹10,000/-.
Particulars Applicable Rate Documents required (if any)
With valid PAN 10% -
NIL Declaration in Form 121 (earlier Form 15G/15H) - provided that all the prescribed eligibility conditions are met.

Note: All fields are mandatory to be filled up and Company may at its sole discretion reject the form if it does not fulfil the requirement of law.
Without PAN/ Invalid PAN/ inoperative PAN/ Non-linking of PAN with Aadhaar 20% -
Shareholders exempted from TDS provisions in terms of any provisions of the Act or CBDT Circular or Notification Nil o Declaration that it is covered by CBDT circular or notification.
o Documentary evidence supporting the exemption status in terms of any provisions of the Act or CBDT circular or notification.
o Self-attested copy of PAN card.
Shareholders submitting Order/Certificate Rate provided in the Order/Certificate Self-attested copy of Lower/NIL withholding tax certificate obtained from tax authority under Section 395(1) of the Income Tax Act, 2025.
Insurance Companies NIL o Declaration that it qualifies as insurer u/s 2(7A) of the Insurance Act, 1938 as specified under Section 393(4) (Table S. No. 10) of the Income Tax Act, 2025.
o Self-attested copy of certificate of registration with IRDAI
o Self-attested copy of PAN card
Government, Reserve Bank of India, Specified Corporations established by or under Central Act whose income is exempt from income tax and Mutual Funds specified schedule VII (Table Sr. No 20 & 21) NIL o Declaration that it is covered u/s 393(5) of the Act, and in case of mutual Funds a declaration as per rules that their income is exempt under Schedule VII (Table S. No. 20 or 21) to Section 11 of the Income Tax Act, 2025.
o Self-attested copy of relevant registration documents
o Self-attested copy of PAN card
Category I and II Alternative Investment Fund registered with Securities and Exchange Board of India (SEBI) NIL o Declaration that its income is exempt under Schedule V (Table S. No. 1) to Section 11 of the Income Tax Act, 2025 and they are governed by SEBI regulations as Category I or Category II AIF as defined u/s 224(10)(a)(i) of the Income Tax Act, 2025.
o Self-attested copy of SEBI AIF registration certificate
o Self-attested copy of PAN card
New Pension System (NPS) Trust Self-declaration that it qualifies as NPS trust and income is eligible for exemption u/s exempt under Schedule VII (Table S. No. 41) to Section 11 of the Income Tax Act, 2025 and being regulated by the provisions of the Indian Trust Act, 1882 along with self-attested copy of the PAN card.
 
For Non-Resident Shareholders
Particulars Applicable Rate Documents required (if any)
Non-resident shareholders (including Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors (FPIs)) 20% (plus applicable surcharge and education cess)

OR

DTAA
(whichever is lower) 		a. Self-attested copy of the Permanent Account Number (PAN Card) allotted by the Indian Income Tax authorities.
b. Self-attested copy of Tax Residency Certificate (TRC) obtained from the tax authorities of the country of which the shareholder is resident, valid for FY 2026-27.
c. Electronic generated Form 41 (earlier Form 10F) from income tax portal.
d. Self-declaration by the non-resident shareholder of having no Permanent Establishment and eligible for Double Taxation Avoidance Agreement (DTAA).
e. Self-declaration of Beneficial ownership by the non-resident shareholder.
f. In case of Foreign Institutional Investors and Foreign Portfolio Investors, self-attested copy of SEBI registration certificate;
g. In case of shareholder being tax resident of Singapore, proof demonstrating the non-applicability of Article 24 - Limitation of Relief under India-Singapore Tax Treaty should be provided.

TDS shall be recovered at 20% (plus applicable surcharge and cess), if any, of the above-mentioned documents are not provided or if documents are not in order.

The Company is not obligated to apply the DTAA rates at the time of tax deduction/withholding on dividend amounts. Application of DTAA rate shall depend upon the completeness of the documents submitted by the non-resident shareholder and are in accordance with the provisions of the Act
Non-resident shareholders being Depository for American Depository Receipt (ADR) 10% TDS applicable u/s 393(2) (Table Sr. No. 13) of the Income Tax Act, 2025
Submitting Order/Certificate under Section 395(1) of the Income Tax Act, 2025 Rate provided in the Order. Lower/NIL withholding tax certificate obtained from tax authority.
Non-Resident Shareholders who are tax residents of Notified Jurisdictional Area as defined u/s 176(1) of the Income Tax Act, 2025 30% NA
Any non-resident shareholder exempted from withholding tax deduction as per the provisions of Income Tax Act or any other law Nil Necessary documentary evidence substantiating exemption from withholding tax deduction.
 
As per Rule 203 of the Income Tax Rules, 2026, if dividend income on which tax has been deducted at source is assessable in the hands of a person other than deductee, then such deductee should file declaration to the Company in the manner prescribed under the Rules.
 
To enable us to determine the appropriate TDS rate, we request you to provide the above details and documents by email to the Company at secnsm@owmnahar.com on or before August 31, 2026. No communication on the tax determination/ deduction shall be considered after August 31, 2026.
 
In case of joint shareholders, the shareholder named first in the Register of Members is required to furnish the requisite documents for claiming any applicable beneficial tax rate.
 
Shareholders may note that in case the tax on said dividend is deducted at a higher rate in absence of receipt of the aforementioned details/documents from you or due to defect in any of the aforementioned details/documents, option is available to you to file the return of income as per Act and claim an appropriate refund of the excess tax deducted, if eligible. No claim shall lie against the Company for such taxes deducted.
 
Shareholders will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at https://www.incometax.gov.in..
 
Forms/Declarations
 
Form 121
Declaration under Rule 203
Resident Tax Declaration
Non-Resident Tax Declaration