Hindustan Copper Limited

• A. FOR RESIDENT SHAREHOLDERS:
• Nil withholding in case the total dividend paid is up to Rs. 10,000/- (for individuals only).
• Nil withholding in case Form 121(as applicable) is submitted along with selfattested copy of the PAN (for individuals only).
• Nil/ Lower withholding tax rate on submission of self-attested copy of the certificate issued under Section 395 of the Act. The certificate should be valid for the financial year 2026-27 and should cover the dividend income.
• 10% for resident shareholders in case valid PAN is provided/ available. In this regard, it may be noted that as per Section 262 of the Act, every person who has been allotted a PAN and who is eligible to obtain Aadhar, shall be required to link the PAN with Aadhaar. In case of failure to comply with the same, the PAN allotted shall be deemed to be invalid/ inoperative and he shall be liable to all consequences under the Act and tax shall be deducted at higher rates as prescribed under the Act. For this purpose, the Company shall be relying on the information provided by the online functionality of the Income Tax department for determining the status of the PAN of the shareholder.

• B. FOR NON-RESIDENT SHAREHOLDERS:
• Tax treaty rate (based on tax treaty with India) for beneficial non-resident shareholders, as applicable, will be applied on the basis of documents submitted by the non-resident shareholders.
• Nil/ Lower withholding tax rate on submission of self-attested copy of the certificate issued under Section 393/395 of the Act.
• 20% plus applicable surcharge and cess for non-resident shareholders in case the above mentioned documents are not submitted.

• C. FOR SHAREHOLDERS HAVING MULTIPLE ACCOUNTS UNDER DIFFERENT STATUS/ CATEGORY:

Shareholders holding shares under multiple accounts under different status/ category and single PAN, may note that, higher of the tax as applicable to the status in which shares held under a PAN will be considered on their entire holding in different accounts. In case of joint shareholding, the withholding tax rates shall be considered basis the status of the primary beneficial shareholder. Tax deducted by the Company is final and no claim shall lie against the Company for tax deducted at higher rate, for any reason, whatsoever. In case tax on dividend is deducted at a higher rate in the absence of receipt of the aforementioned details/ documents or based on the review of the documents as provided to the Company, you would still have the option of claiming refund of the excess tax paid at the time of filing your income tax return. No claim shall lie against the Company for such taxes deducted.

A shareholder will be responsible to indemnify the Company for any income tax demand (including interest, penalty, etc.) arising from any misrepresentation, inaccuracy or omission of information provided by the shareholder.

Applicable TDS rates

The dividend on Equity Shares for FY 2025-26, once approved by the shareholders of the Company at the AGM, will be paid after deducting the tax at source as under: