Pursuant to provisions of the Income Tax Act, 1961, as amended by the Finance Act, 2020, dividend income will be taxable in the hands of shareholders with effect from April 01, 2020, and the Company is required to deduct tax at source from dividend paid to shareholders at the prescribed rates, Tata Elxsi has enclosed the e-mail communication sent to the all those shareholders whose e-mail id’s were registered with the Company/Depositories, detailing the tax deduction applicability and the formalities that need to be complied with, to ensure appropriate deduction of tax on the dividend, that will be paid during the financial year 2025-26. The above referred communication is also available on the website of the Company at www.tataelxsi.com/investors/corporate-announcements.
The above information is a part of company’s filings submitted to BSE.