Zota Health Care : Communication to shareholders as per Reg 30

September 26, 2022

To,

The Manager,

Listing Department,

The National Stock Exchange of India limited

Exchange Plaza,

Bandra Kurla Complex,

Bandra (E), Mumbai- 400051

Dear Sir/Madam,

Trading Symbol: ZOTA

Sub: Communication to Shareholders - Intimation w.r.t Tax Deduction on Dividend.

Pursuant to the Finance Act, 2020, with effect from April 01, 2020, Dividend Distribution Tax is abolished, and dividend income is taxable in the hands of the shareholders. The companies are required to withhold tax at source from dividends paid to shareholders at prescribed rates (plus applicable surcharge and cess), as may be notified from time to time.

In this regard, please find enclosed herewith an email communication which has been sent to all the shareholders having their email ID's registered with the Company, elaborating the process to be followed along with the necessary annexures.

This is for your information and record.

Thanking you,

Yours faithfully,

For Zota Health Care Limited

ASHVIN BHAGAVANB HAI VARIYA

Digitally signed by ASHVIN BHAGAVANBHAI VARIYA

DN: c=IN, o=Personal, cn=ASHVIN

BHAGAVANBHAI VARIYA, serialNumber=8b7b8f5ffa7f37759537cc6 802d2d91bcf752aeea3849601fe08d8642 c00cdee, postalCode=395004, 2.5.4.20=a163f1fe1f77410d3df7993f198 02ed1c6d576cd76177b3d9886b6c58cd6 10ac, st=Gujarat

Date: 2022.09.26 14:24:04 +05'30'

Ashvin Variya

(Company secretary & Compliance Officer) Place: Surat

Encl: a/a

Registered Office:

Zota House, 2/896, Hira Modi Street, Sagrampura, Surat-395002 Ph: [phone]

Email:[e-mail]

Web: www.zotahealthcare.com

CIN: L24231GJ2000PLC038352

ZOTA HEALTH CARE LIMITED

CIN: L24231GJ2000PLC038352

Registered office: Zota House, 2/896, Hira Modi Street, Sagrampura, Surat-395002, Gujarat

Ph: [phone]Email: [e-mail] Website: www.zotahealthcare.com

Date: September 26, 2022

Ref: Folio / DP Id & Client Id No:

Name of the Shareholder:

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

Dear Shareholder,

We are pleased to inform you that the Board of Directors of the Company at its Meeting held on May 30, 2022 have recommended the Final dividend at the rate of 15% i.e. of Rs. 1.5 /- per equity share of face value of Rs. 10/- each for the financial year 2021-22. The said dividend will be payable subject to members approval in the ensuing Annual General Meeting of the Company and if approved, then it will be paid to those shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as at the close of business hours on the fixed Cut - off date i.e. on September 20, 2022.

In accordance with the provisions of the Income Tax Act, 1961 as amended by and read with the provisions of the Finance Act, 2020, with effect from April 1, 2020, dividend paid or distributed by the Company 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.

This communication summarizes the applicable TDS provisions, as per the Income Tax Act, 1961, for Resident and Non-Resident shareholder categories.

For Resident Shareholders:

1. Where, the Permanent Account Number (PAN) is available and is valid,

1. Tax shall be deducted at source in accordance with the provisions of the Income tax Act, 1961 at 10%) on the amount of dividend payable.
2. No tax shall be deducted in the case of a resident individual shareholder, if:
3. 1. the amount of such dividend in aggregate paid or likely to be paid during the financial year 2021-22 does not exceed INR 5,000; OR
   2. the shareholder provides duly signed Form 15G or Form 15H (as applicable) provided that all the prescribed eligibility conditions are met. The aforementioned forms are attached herewith.

1. Where the PAN is either not available or is invalid, tax shall be deducted at 20% as per Section 206AA of the Income Tax Act, 1961.

For Non-Resident Shareholders:

1. Tax is required to be deducted in accordance with the provisions of the Income tax Act, 1961 at applicable rates in force. As per relevant provisions, tax shall deducted be at the rate of 20% (plus applicable surcharge and cess) on the amount of dividend payable.
2. As per the provisions of the Income tax Act, 1961, the non-resident shareholder has an option to be governed by the provisions of the Double Tax Avoidance Treaty (DTAA) between India and the country of tax residence of the shareholder, if such DTAA provisions are more beneficial to them. To avail the DTAA benefits, the non-resident shareholder will have to provide the following documents:
3. • Self-attestedcopy of Permanent Account Number (PAN), if allotted by the Indian Income Tax Authorities;
   • Self-attestedTax Residency Certificate (TRC) issued by the tax authorities of the country of which shareholder is a resident, evidencing and certifying shareholder's tax residency status during the Financial Year 2021-22;
   • Completed and duly signed Self-Declaration in Form 10F (attached herewith);
   • Self declaration by the non-resident shareholder of having no Permanent Establishment in India in accordance with the applicable Tax Treaty;
   • Self declaration of Beneficial ownership by the non-resident shareholder (draft format attached herewith).

Accordingly, in order to enable us to determine the appropriate TDS / withholding tax rate applicable, we request you to provide these details and documents as mentioned above on or before September 30, 2022. The said Dividend will be paid after deducting the tax at source as under:

• Nil for resident shareholders in case Form 15G / Form15H (as applicable) along with self- attested copy of the PAN is submitted and if total dividend payable is less than Rs. 5000 during the financial year 2021-22.
• 10% for resident shareholders in case PAN is provided/available
• 20% plus applicable surcharge and cess, for resident shareholders in case PAN is not provided / not available. Further, shareholders are also requested to ensure that their Aadhaar number is linked to their Income Tax PAN. As per the proviso to Section 139AA(2) of the Income Tax Act, in case of failure to link Aadhaar number with Income Tax PAN, the Income Tax PAN shall be treated as invalid and TDS will be deducted accordingly at higher rate.
• Beneficial tax treaty rate (based on tax treaty with India) for non-resident shareholders, as applicable will be applied on the basis of documents submitted by the non-resident shareholders
• 20% plus applicable surcharge and cess for non-resident shareholders in case the aforementioned documents are not submitted

Please note that the above mentioned documents duly completed and signed required to be emailed to us at [e-mail] [e-mail] or before September 30, 2022, in

order to enable the Company to determine and deduct appropriate TDS / withholding tax rate. No communication on the tax determination/deduction shall be entertained and considered if it's received incomplete or unsigned or received post September 30, 2022.

The Company will arrange to email a soft copy of TDS certificate to you at your registered email ID post completion of activities.

Shareholders may note that in case the tax on said Final dividend is deducted at a higher rate in absence of receipt of the aforementioned details/documents from you, option is available to you to file the return of income as per Income Tax Act, 1961 and claim an appropriate refund, if eligible.

Disclaimer: This Communication shall not be treated as an advice from the Company. Shareholders should obtain the tax advice related to their tax matters from a tax professional.

We request your cooperation in this regard.

For Zota Health Care Limited

Sd/-

Ashvin Variya

Company Secretary & Compliance Officer

Encl:

1. Form 15G
2. Form 15H
3. Form 10F
4. Beneficial Ownership Declaration

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