Pursuant to the Finance Act, 2020, with effect from 1 April 2020, Dividend Distribution Tax has been abolished and divided income has become taxable in the hands of shareholders. In this regard, please find enclosed herewith an e-mail communication being sent to all the shareholders of the Company whose e-mail IDs are registered with the Company or Company''s Registrar and Share Transfer Agent viz., Link Intime India Private Limited or Depositary Participants, explaining the provisions of withholding of tax on dividends, prescribed rates, declarations to be submitted, as may be applicable.