Date: October 30, 2026

Board Meeting Outcomes

  • The Company has entered into a bipartite agreement with India International Depository IFSC Limited (IIDI) which shall act as the Registrar and Transfer Agent
  • This agreement is in connection with the proposed issuance/allotment of up to 3,000 senior, secured, rated, listed, redeemable, United States Dollar denominated non-convertible bonds
  • Each bond has a face value of USD 10,000 (United States Dollars Ten Thousand only)
  • Aggregate nominal value of up to USD 30,000,000/- (United States Dollars Thirty Million only)
  • Bonds shall be issued at par, in dematerialized form, on a private placement basis to certain identified investor(s)
  • The intimation was received by the Company on October 30, 2026 at 11:47 A.M.

Agreement Terms and Conditions

Issuer Obligations:

  • The Issuer agrees to comply with the provisions of the Bye Laws and Business Rules of IIDI
  • The Issuer shall furnish a list of authorized officials who shall represent and interact on behalf of the Issuer with IIDI within fifteen days of execution
  • The Issuer shall send to IIDI copies of letters approving listing and commencement of trading issued by relevant stock exchanges
  • The Issuer shall establish continuous electronic means of communication with IIDI
  • The Issuer shall maintain systems, procedures, means of communication, adequate infrastructure, hardware, software security devices and back-up facilities as prescribed by IIDI
  • The Issuer shall strictly follow backup procedure recommended by IIDI
  • The Issuer shall comply with all systems and procedures recommended by IIDI and allow access to their systems by IIDI designated Audit Team
  • The Issuer shall inform IIDI about dates from which new shares arising out of conversions, further issues, final call payments, etc. become pari-passu with existing shares
  • The Issuer shall furnish information of any further issues such as rights, bonus, public offerings with details including opening and closing dates, issue size, issue price, record date, book closure, proportion
  • The Issuer shall give information about book closures, record dates, dates for payment of interest or dividend, dates for annual general meetings, dates for redemption of debentures, dates for conversion of debentures and warrants, call money dates, amalgamation, merger, reduction of capital, reconstruction scheme of arrangement
  • The Issuer undertakes that dematerialisation and rematerialisation requests are processed within fifteen and thirty days respectively (extendable to thirty days for bulk requests)
  • The Issuer undertakes that no dematerialisation requests shall be accepted when there are any prohibitory order, stop transfer, attachment order, or disputed title
  • The Issuer agrees to provide list of Beneficial Owners within fifteen days after request or fifteen days from date of receipt of request, whichever is later
  • The Issuer shall indemnify IIDI in respect of any loss or liability incurred due to incorrect information furnished by the Issuer
  • The Issuer shall inform IIDI of any proposed changes in address of Registered Offices, Corporate Office, or equipment location not less than thirty days before such change
  • The Issuer shall not assign its functions & obligations to any other person/entity without approval of IIDI

IIDI Obligations:

  • IIDI shall allocate unique identity codes to the Issuer
  • IIDI shall provide necessary manuals & procedural guidelines to the Issuer
  • IIDI shall provide reports updating details of Beneficial Owners on a fortnightly basis to the Issuer
  • IIDI shall provide details of list of Beneficial Owners and pending requests for Dematerialisation and Rematerialisation on payment of charges
  • IIDI shall in its discretion provide any other details required by the Issuer on payment of charges
  • IIDI shall inform the Issuer of any proposed changes in address of its Registered Office or Corporate Office not less than thirty days before such change
  • IIDI may authorize persons to enter premises of Issuer during business hours to inspect and take copies of records relating to depository operations

General Terms:

  • All parties shall resolve grievances of Beneficial Owners within twenty-one days from date of receipt of complaint
  • All parties shall abide by arbitration and conciliation procedure prescribed under Bye-laws of IIDI
  • All claims, differences and disputes shall be subject to exclusive jurisdiction of Courts at Gandhinagar, Gujarat only
  • The agreement is made in triplicate

For Capri Global Capital Limited:

  • Authorized Representative: Suresh Gattani
  • Digital Signature Date: October 26, 2026 at 16:33:06 IST

For India International Depository IFSC Limited:

  • Authorized Representative: Krishna Gangopadhyay
  • Digital Signature Date: October 29, 2026 at 12:29:49 IST