Uttam Sugar Mills Ltd

Pursuant to the provisions of the Income Tax Act 1961 (Act) as amended by the Finance Act 2020 dividend paid or distributed by a company on or after April 1 2020 shall be taxable in the hands of the shareholders. In this regard we are sending herewith an e-mail communication which has been sent to all the shareholders of the Company whose e-mail IDs are registered with the R&TA/Depositories explaining the process on withholding tax from Dividends to be paid to the shareholders at prescribed rates. This communication is also available on the website of the Company.