Relaxo Footwears : Communication to shareholders as per Reg 30

RELAXO FOOTWEARS LIMITED

CIN No:- L74899DL1984PLC019097

Registered Office: Aggarwal City Square, Plot no 10, Manglam Place,

District Centre, Sector-3, Rohini Delhi- 110085

Phones: 91-11-46800600, 46800700, Fax No: 91-11-46800692

E-mail:[e-mail], Website:http://www.relaxofootwear.com

Date: August 10, 2022

Ref: Folio / DP Id & Client Id No: ……………………………….

Name of the Member : ………………………….

Dear Member,

Sub: Tax Deduction at Source on Dividend paid in Financial Year 2022-23.

We are pleased to inform you that the Board of Directors of Relaxo Footwears Limited ("Relaxo / Company"), at their meeting held on May 11, 2022, have recommended a dividend of Rs. 2.50 per Equity Share having nominal value of Rs. 1/- each for the financial year ended March 31, 2022, subject to the approval of Members at the Thirty- Eighth Annual General Meeting ("AGM") scheduled to be held on August 25, 2022.

As you are aware that pursuant to the provisions of the Income-tax Act, 1961 ("Act"), as amended by the Finance Act, 2020, dividends paid or distributed by a company after April 1, 2020 shall be taxable in the hands of the Shareholders. Shareholders are hereby informed that the Company is under an obligation to deduct tax at source

("TDS")

at

applicable

rates

in

accordance

with

the

provisions

of

the

Act.

The dividend, as recommended by the Board, and if approved at the ensuing AGM, will be paid to those Shareholders holding Equity Shares of the Company, as on the Record Date i.e. August 18, 2022.Shareholders whose bank accounts are registered with the Depository Participant/Registrar and Transfer Agent shall receive electronic credit of dividend and in case of Shareholders whose bank accounts are not registered; dividend shall be paid

through

physical

warrants.

Please note that since this Dividend will be declared at AGM to be held on August 25, 2022, it will be taxable in your hands in FY 2022-23. Thus, all the details and declarations furnished should pertain to FY 2022-23

SECTION A: FOR ALL SHAREHOLDERS - UPDATION OF DETAILS, AS APPLICABLE

All Shareholders are requested to ensure that the below details are completed and/or updated, as applicable, in their respective Demat account(s) maintained with the Depository Participant(s); or in case of shares held in physical form, with the Registrar and Transfer Agent in the Register of Members, on or before the Record Date, i.e.

August

18,

2022.

Please note that the following details, in case you had already registered with the Company, as available with the Company in the Register of Members/Register of Beneficial Ownership maintained by the Depositories will be relied upon by the Company, for the purpose of complying with the applicable TDS provisions:

1. Valid and operative Permanent Account Number ("PAN").
2. Residential status as per the Act i.e. Resident or Non-Resident for FY 2022-23.
3. Category of the Shareholder viz. Mutual Fund, Insurance Company, Alternate Investment Fund ("AIF") Category I and II, AIF Category III, Government (Central/State Government), Foreign Portfolio Investor

("FPI")/Foreign Institutional Investor ("FII"): Foreign Company, FPI/FII: Others (being Individual, Firm, Trust, Artificial Juridical Person, etc.), Individual, Hindu Undivided Family ("HUF"), Firm, Limited Liability Partnership ("LLP"), Association of Persons ("AOP"), Body of Individuals ("BOI") or Artificial Juridical Person, Trust, Domestic Company, Foreign Company, etc.

1. Email Address.
2. Residential Address Further to bring to your attention-

• Section 206AB of the Act has been introduced by the Finance Act, 2021, effective from July 1, 2021, whereby in case of 'specified person', TDS will be higher of the following:

∙

∙

∙

Twice the rate specified in the relevant provision of the Income-tax Act; or

Twice the rate or rates in force; or

the rate of five per cent.

The 'specified person' means a person who has:

• not filed return of income for the assessment year relevant to the previous year immediately preceding the financial year in which tax is required to be deducted, for which the time limit of filing return of income under sub-section (1) of Section 139 of the IT Act has expired; and

• subjected to tax deduction and collection at source in aggregate amounting to Rs. 50,000 or more in such immediate previous year.

The non-resident, who does not have the permanent establishment in India, is excluded from the scope of the 'specified person'. (Please download the declaration format given as Annexure-4-Click Hereto

download

Annexure-4)

For the purpose of TDS, the Company will be relying on the information from the Government enabled online facility to verify the status (i.e., Specified Person or not) and deduct TDS accordingly.

SECTION B: TDS PROVISIONS AND DOCUMENTS REQUIRED FOR RESPECTIVE CATEGORY OF SHAREHOLDERS

Shareholders are requested to take note of the following TDS rates and additional information required by the

Company	for	their	respective	categories
(A) RESIDENT SHAREHOLDERS

A.1 Tax deductible at source for Resident Shareholders (other than resident individual Shareholders receiving Dividend not exceeding Rs. 5,000 during the FY 2022-23)