RPG Life Sciences Limited's Board of Directors, at its meeting held on Monday, 28 April 2025, has recommended a final dividend of ₹20 (Rupees Twenty only) per equity share (250% on the face value of ₹8 each) and an additional special dividend of ₹4 (Rupees Four only) per equity share (50% on the face value of ₹8 each) for the Financial Year 2024-25. The special dividend is due to significant exceptional profit on the assignment of land. Both dividends are subject to approval by shareholders at the upcoming Annual General Meeting (AGM) and will be paid after deduction of tax at applicable rates.

Key details regarding Tax Deduction at Source (TDS) / Withholding Tax on Dividend:

• Taxability: As per the Income Tax Act, 1961, the final dividend for FY 2024-25, to be paid in FY 2025-26, will be taxable in the hands of the shareholders. The company will deduct/withhold taxes at prescribed rates, which vary based on the shareholder's residential status and submitted documents.
• For Resident Shareholders:
  • TDS will be applied at 10% under Section 194 of the Act, unless exempt.
  • For individuals, TDS will not apply if the aggregate dividend from the company during FY 2025-26 does not exceed ₹10,000.
  • Higher rates will apply if a valid/operative Permanent Account Number (PAN) is not registered or linked with Aadhaar.
  • Exemption from TDS requires furnishing self-certified documents such as Form 15G/15H for eligible individuals, or specific declarations/documentary evidence for entities like Insurance companies, Mutual Funds, Alternative Investment Funds (AIF), and other exempt entities under Section 10.
  • A valid Nil or lower tax rate deduction certificate under Section 197 of the Act, if furnished, will be applied.
• For Non-Resident Shareholders:
  • Tax will be withheld at 20% (plus surcharge and cess, as applicable) as per Section 195 and 196D of the Act.
  • To avail benefits under Double Taxation Avoidance Agreement (DTAA), non-resident shareholders must provide a copy of PAN (if available), a self-attested Tax Residency Certificate (TRC) for FY 2025-26, an e-filed Form 10F, and a self-declaration of having no taxable presence/Permanent Establishment in India and beneficial ownership.
  • For Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI), tax will be deducted at 20% or as per the applicable DTAA, whichever is more beneficial, provided the required documents are submitted.
  • The company is not obligated to apply beneficial DTAA rates and will do so based on the completeness and satisfactory review of submitted documents. The company will not provide the benefit of the Most Favored Nation Clause.
• General Instructions for all Shareholders:
  • Shareholders must ensure their details, including PAN, residential status, category, email/postal address, and bank account details, are complete and updated with their Depository Participant or the Company’s Registrar & Share Transfer Agent (RTA), MUFG Intime India Private Limited.
  • All required documents for claiming beneficial tax rates must be submitted on or before 30 June 2025, to the RTA via their portal (https://web.in.mpms.mufg.com/formsreg/submission-of-form-15g-15h.html) or registered email ID. Documents received by post or from a registered email ID will only be accepted.
  • In case of joint shareholders, the first-named shareholder in the Register of Members must furnish the requisite documents.
  • If tax is deducted at a higher rate due to the non-receipt of required documents, shareholders can file an income tax return to claim credit/refund. The company will not be liable for such deductions.
  • Resident Non-Individual Members and Non-Resident Non-Individual Members can submit relevant forms and documents through their respective custodians registered with NSDL for tax services.