ADC India Communications Limited has accepted the retirement of Mr. Prasad K R from the position of Head-Operations effective June 30, 2026, on account of superannuation. Consequently, the company has appointed Mrs. Dakshayani B C as the new Manager-Operations, effective July 1, 2026. These leadership changes were communicated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Prasad K R retired from his services at the close of business hours on June 30, 2026. The disclosure regarding his cessation was detailed in Annexure 'A' submitted to the exchange. The company has ensured a seamless transition by immediately appointing a successor to oversee operations.

Mrs. Dakshayani B C brings extensive experience to her new role. She is a graduate in Arts, holds a Master's degree in Sociology, and has a post-graduate diploma in HR & Operations. Having joined ADC India Communications (formerly Krone Communications Ltd) in 1993, she possesses 32 years of experience within the company across various functions.

Her professional background includes significant work in Production, Quality Systems, Inventory Control, Costing, Operations, and Procurement. Prior to this elevation, she served as the Head of the Procurement function. The details of her appointment were provided in Annexure 'B' of the regulatory filing.

Management Changes

The following table summarizes the key personnel changes effective June 30 and July 1, 2026:

The filing was signed by Geetha Desikachari, Company Secretary and Compliance Officer, confirming the board's approval and adherence to SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

ADC India Communications Limited has announced a dividend of ₹25 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the 38th Annual General Meeting on August 7, 2026. The company specified that the dividend will be paid electronically to shareholders holding shares as on the record date of July 31, 2026. To determine the applicable Tax Deducted at Source (TDS), shareholders must submit relevant documents by July 24, 2026.

The Board of Directors recommended the dividend at a meeting held on May 21, 2026. Pursuant to the Income Tax Act, 2025, the dividend is taxable in the hands of shareholders, and the company will deduct TDS at applicable rates. The company emphasized that the tax deduction rate depends on the shareholder's residential status and the validity of documents submitted.

For resident shareholders, TDS will be deducted at 10% under Section 393(1) of the Act, unless exempt. Individual resident shareholders are exempt from TDS if the aggregate dividend during the tax year 2026-27 does not exceed ₹10,000. Exemptions are also available for shareholders submitting Form 121 or specific declarations for entities like insurance companies, mutual funds, and Alternative Investment Funds. If a shareholder's PAN is invalid, inoperative, or not linked with Aadhaar, TDS will be deducted at 20%.

Non-resident shareholders, including Foreign Institutional Investors and Foreign Portfolio Investors, face a TDS rate of 20% plus applicable surcharge and cess under Section 393(2) of the Act. These shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if more favorable, provided they submit a Tax Residency Certificate, Form 41, and a self-declaration meeting DTAA requirements. Without these documents, the higher statutory rate will apply.

The following table summarizes the TDS rates applicable to different categories of shareholders:

Shareholders must update their residential status, PAN, and bank details with their depository participants or the Registrar and Transfer Agent, KFin Technologies Limited, before the record date. The company stated that any changes or documents received after July 24, 2026, will not be considered, and TDS will be deducted at the applicable rate. Shareholders are liable for any excess tax deducted due to missing or defective documentation and must claim refunds directly with income tax authorities.