This communication is with reference to the recent bonus issue by the Company and its related matters.

Furthermore the sale proceeds of the fractional bonus shares will be treated as “Deemed Dividend” under the Income-tax Act, 1961 (“Act”) and shall be distributed to the eligible shareholders, in proportion to their respective fractional entitlement. Accordingly, in terms of the provisions of the Act, as amended by the Finance Act, 2020, these proceeds shall be taxable in the hands of the shareholders and the Company shall transfer the amounts as per respective fractional entitlements to the eligible shareholders after deduction/ withholding of applicable taxes.

In this regard, please find below communication regarding deduction of tax at source on such deemed dividend and other relevant details and information.
1. Relevant information for Members regarding fractional bonus shares.
2. Submission of Tax Related Documents
      i. Shareholders can download the relevant formats as appended below :
            • FORM NO. 15H (Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes
            without deduction of tax.)
            • Form 15G Declaration under section 197A(1) and section 197(1A) to be made by an individual or a person (not being a company or a firm) claiming
            certain income without deduction of tax
            • FORM NO. 10F Information to be provided under sub-section (5) of section 90 or sub-section (5) of section 90A of the Income-tax Act, 1961
            • self-declaration form
            • Form ISR -1
            • Form ISR -2
      ii. Shareholders are requested to send all the relevant requisite tax related documents mentioned above duly quoting their Folio No. or DP Id-Client Id to M/s
          SBC Exports Limited 49/95 SITE-IV SAHIBABAD INDUSTRIAL AREA GHAZIABAD, GHAZIABAD, Uttar Pradesh, India, 201010 or scanned copies can be
           sent at cs@sbcel.com.
3. To enable us to determine the appropriate TDS / withholding tax rate applicable, we request you to provide the above details and documents not later than
     January 31, 2024. No communication on the tax determination / deduction shall be entertained after January 31, 2024.