Radico Khaitan : Communication to shareholders as per Reg 30

RKL/SX/2022-23/43

September 04, 2022

BSE Ltd.	National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers	Exchange Plaza, 5th Floor
Dalal Street	Plot no. C/1, G Block
Mumbai - 400 001.	Bandra-Kurla Complex, Bandra (E)
	Mumbai - 400 051.
Scrip Code: 532497	Scrip Code: RADICO

Sub: Communication in respect of deduction of tax at source on Dividend payout

Dear Sirs/Madam,

In accordance with the provisions of the Income Tax Act, 1961, dividend paid on or after April 01, 2020, is taxable in the hands of shareholders and the Company is required to deduct tax at source ('TDS') from dividend paid to the shareholders at the applicable rates.

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the communication, which is sent to the shareholders of the Company, regarding deduction of TDS on dividend payout for FY 2021-22. The communication is sent to those shareholders whose email IDs are registered with the Company or Depositories.

Shareholders of the Company are requested to upload necessary documents as mentioned in the communication with Company's RTA - Kfin Technologies Limited at https://ris.kfintech.com/form15

or email to [e-mail] with a copy to [e-mail] specified

timelines.

The above is for your information and record.

Thanking You,

Yours sincerely,

For Radico Khaitan Limited

(Dinesh Kumar Gupta) Vice president - Legal & Company Secretary

Email Id: [e-mail]

Encl: As above

Radico Khaitan Limited

Plot No.J-1, Block B-1, Mohan Co-op. Industrial Area

Mathura Road, New Delhi - 110 044

Ph: (91-11)4097 5444/555 Fax: [phone] Registered Office: Bareilly Road, Rampur-244 901 (U.P.) Phones: 0595-2350601/2, 2351703 Fax: [phone]e-mail: [e-mail], website: www.radicokhaitan.com CIN No.L26941UP1983PLC027278

3rd September, 2022

Dear Shareholder,

Subject: Radico Khaitan Limited ("RKL" / "the Company") - Dividend for the Financial Year ("FY") 2021-22 - Communication on Deduction of tax at source

We hope that you and your family are doing well and are safe and healthy. Please take care of yourselves.

We wish to inform you that the Board of Directors ("Board") of the Company has at its meeting held on Monday May 30, 2022 recommended a final dividend of Rs. 3/- per equity share having nominal value of Rs. 2/- each for the FY ended on 31st March 2022.

The dividend, if approved at the ensuing Annual General Meeting will be paid to the Members holding equity shares of the Company, in electronic form as at the close of business hours on Thursday, September 22, 2022 on the basis of details of beneficial ownership furnished by the Depositories and to the Members holding shares in physical form whose names appear in the Register of Members of the Company as at the close of business hours on Thursday, September 22, 2022 after giving effect to valid requests received for transmission / transposition of shares on or before Thursday, September 22, 2022.

As you may be aware that in terms of the provisions of the Income-tax Act, 1961 ("the Act"), as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after April 1, 2020 is taxable in the hands of the members. The Company is therefore required to deduct tax at source ("TDS") at the time of payment of dividend at the rates prescribed under the Income tax Act, 1961 read with the Double Taxation Avoidance Agreements (where applicable).

TDS would vary depending on the residential status, category of the member, compliant / non- compliant status based on filing status of income tax return of the preceding year, as per Section 206AB of the Act and is subject to provision of requisite declarations / documents to the Company. Where section 206AB gets triggered, then taxes would be withheld at a higher rate. Therefore, all members should update/verify the PAN and the residential status as per Act, if not already done, with the depositories (in case of shares held in demat mode) and with the Company's Registrar and Transfer Agent (in case of shares held in physical mode).

You are requested to take note of the below stated tax rates and document(s), if any, which are required to be submitted to the Company for your respective category on or before Thursday, September 22, 2022, in order to comply with the applicable TDS provisions.

Radico Khaitan Limited

Plot No.J-1, Block B-1, Mohan Co-op. Industrial Area

Mathura Road, New Delhi - 110 044

Ph: (91-11)4097 5444/555 Fax: [phone] Registered Office: Bareilly Road, Rampur-244 901 (U.P.) Phones: 0595-2350601/2, 2351703 Fax: [phone]e-mail: [e-mail], website: www.radicokhaitan.com CIN No.L26941UP1983PLC027278

To summarize, dividend will be paid after deducting the tax at source as under:

Particulars		Applicable Rate	Documents required (if any)
With PAN		10%	 Update/Verify the PAN and the
			residential status as per Act, if not
			already done, with the depositories (in
			case of shares held in demat mode) and
			with the Company's Registrar and
			Transfer Agent (in case of shares held in
			physical mode).
			 In case of Individual shareholder, TDS
			would not apply if the aggregate of total
			dividend distributed to the member by
			the Company during financial year 2022-
			23 does not exceed Rs. 5,000
Without PAN/ Invalid PAN		20%	N.A
Submitting Form 15G/ Form		NIL on the	Duly verified Form 15G or 15H (as may be
15H		amount of	applicable in duplicate) is to be furnished along
		Dividend for	with self-attested copy of PAN card. Blank Form
		which Form	15G and 15H can be downloaded from the below
		15G/H has been	links
		furnished
			Click Hereto download - 15G
			Click Hereto download - 15H
			Please note that all fields mentioned in the Form
			are mandatory and the Company may reject the
			forms submitted if it does not fulfil the
			requirement of the law.
Submitting Order/ certificate		Rate provided in	Lower/NIL withholding tax certificate obtained
under Section 197 of the Act		the Order	from tax authority. Tax will be deducted at the
			rate specified in the said certificate, subject to
			furnishing a self-attested copy of the same. The
			certificate should be valid for the financial year
			2022-23 and should cover the dividend income.
An Insurance Company as			Self-declaration that it has full beneficial interest
specified under Sec 194 of			with respect to the shares owned by it along with
the Act			self-attested copy of PAN card and copy of
		NIL	registration certification issued by the IRDAI to
			the effect that no TDS is required as per
			provisions of section 194 of the Act.
			Click Hereto download - Self-declaration_form

Mutual Fund specified under clause (23D) of Section 10of the Act

Alternative Investment Fund (AIF) established in India [Section 197A, CBDTNotification 51/2015]

New Pension System Trust governed by Section 10(44) [subsection 1E to section197A]

Corporation established by or under a Central Actgoverned by section 196

Other Members who are

exempted from tax deduction

NIL

NIL

NIL

NIL

NIL

Self-declaration that they are specified in Section 10 (23D) of the Act along with self-attested copy of PAN card and registration certificate.Click Hereto download - Self-declaration_form

Self-declaration that they are specified in Section 10 (23FBA) of the Act and established as Category I or II AIF under the SEBI regulations along with self-attested copy of PAN card and registration certificate issued by SEBI.Click Hereto download - Self-declaration_form

Self-declaration that they are governed by the provisions of section 10(44) [subsection 1E to section 197A] of the Act self-attested copy of PAN card and registration certificateClick Hereto download - Self-declaration_form

Certificate of registration which indicates that it is corporation established under central act and its income is exempt from income tax along with a self-declaration - Click Hereto download - Self-declaration_form.

Documentary evidence for members who are exempted from deduction of tax under Section 194 of the Act along with a self-declaration -Click Hereto download - Self-declaration_form.

Please note that the Company is not obligated to consider the forms and the declarations submitted by Resident members while deducting tax at source. Deduction of tax at a rate lower than statutory rate or no deduction of tax shall depend upon the completeness of the documents and the satisfactory review of the forms and the documents, submitted by Resident members, by the Company.

Non-resident members:
	Particulars		Applicable Rate
	Foreign	Institutional		20% (plus
	Investors	(FIIs) / Foreign		applicable
	Portfolio Investors (FPIs)		surcharge and
				cess)

Documents required (if any)

• Update / Verify the PAN and legal entity status as per the Act, if not already done, with the depositories or with the Company's Registrar and Transfer Agent ("RTA"), as the case may be.
• Self-attestedcopy of SEBI Registration certificate
  Click Hereto download

Other	Non-resident		20% (plus		Update/Verify the PAN, legal entity status and

members

applicable

the residential status as per the Act, if not already

surcharge and

done, with the depositories or with the

cess)

Company's RTA, as the case may be.

Lower rate prescribed under

Tax Treaty Rate

In order to apply the Tax Treaty rate, ALL the

the tax treaty which applies

following documents would be required:

to

the

non-resident

members/FPI/FII

 Self-attested copy of PAN allotted by the

Indian Tax authorities

 Self-attested copy of the Tax Residency

Certificate applicable for the period 1

April 2022 to 31 March 2023 obtained

from the tax authorities of the country of

which the members is a resident.

 Form 10F duly filled and signed(Click

Hereto download).

 Self-declaration

(Click

Here

to

download)

primarily

covering

the

following:

✔ Non-resident does not have Permanent

Establishment/

fixed

base/

Business

Connection / Place of Effective

Management, in India in accordance with

the applicable tax treaty or Dividend

income is not attributable/ effectively

connected

to

any

Permanent

Establishment or Fixed Base in India

(Non-resident having PE in India would

need to comply with provisions of

section 206AB

It may be noted that where a non-

resident member is reflected as a

"specified person" as per the Compliance

Check Functionality of the Income Tax

Department, the taxes will be withheld at

a higher rate in accordance with Section

206AB, as mentioned below unless a

self-declaration, as mentioned at point

no. (iv) above, is provided by such non-

resident

member.

Click

Here

for

Declaration.

 Non-resident complies with any other

condition prescribed in the relevant Tax

Treaty and provisions under the

Multilateral Instrument ('MLI');

✔ Any other documents prescribed under

the Act for lower or nil withholding tax,

if applicable.

Please note that the Company is not

obligated to apply the beneficial DTAA

rates

at

the

time

of

tax