Anupam Rasayan India Limited

Execution of Security Documents for Subsidiary Financing

Main Body

On September 23, 2026, Anupam Rasayan India Limited executed a series of security documents in connection with the financing of its wholly-owned subsidiary, Mates Visa Consultancy Private Limited (MVCPL). This execution follows the Board of Directors' approval granted on September 17, 2026.

The documents executed are:

1. Debenture Trust Deed: Executed with MVCPL and Catalyst Trusteeship Limited (the Debenture Trustee). This deed governs the terms for the issuance of up to INR 300 crore in senior, secured, unrated, unlisted, redeemable, non-convertible debentures (NCDs) by MVCPL on a private placement basis. The proceeds are intended for MVCPL's acquisition of securities in Bliss GVS Pharma Limited, payment of associated costs, and general corporate purposes. The NCDs have a maximum tenor of 48 months.

2. Pledge Agreement: The company created a first-ranking and exclusive charge by way of pledge over:

  • 100% of the equity share capital (on a fully diluted basis) of MVCPL held by Anupam Rasayan and its nominee shareholder.
  • All equity shares of Purebliss Pharma Solutions Private Limited held by Anupam Rasayan, constituting a 15% stake in Purebliss.

This pledge is in favour of the MVCPL Debenture Trustee to secure the NCDs.

3. Corporate Guarantee: The company provided an unconditional and irrevocable corporate guarantee in favour of the MVCPL Debenture Trustee, guaranteeing MVCPL's obligations for the NCDs. The maximum potential contingent liability for the company is up to INR 300 crore, plus applicable interest, costs, and expenses.

4. Call Option Agreement: Executed between the company (and its nominee shareholder of MVCPL) and Purebliss Pharma Solutions Private Limited. This agreement grants Purebliss an irrevocable option to purchase all securities of MVCPL held by Anupam Rasayan and its nominee (on a fully diluted basis) for a consideration of INR 1.00. The option is exercisable upon the occurrence of certain Trigger Events, which are identified event of default scenarios related to MVCPL's financing, as determined by the Debenture Trustee after notice and cure periods.

The transactions involving MVCPL (a wholly-owned subsidiary) are classified as related party transactions but have been conducted on an arm's length basis in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Promoters Mr. Anand Sureshbhai Desai and Mrs. Mona Anand Desai are also parties to the debenture trust deed.

Other Key Announcements

This document is a comprehensive disclosure regarding the execution of the above security documents and contains no other material announcements.