Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting for fundraising approval

Date of Board Meeting / Approval: September 30, 2026

Time of Commencement: 03:10 P.M.

Time of Conclusion: 04:05 P.M.

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights: Not Specified

Standalone Results: Not Specified

Consolidated Results: Not Specified

Segment-wise Performance: Not Specified

Corporate Actions:

The Board of Directors has approved the following fundraising measures to support working capital requirements and business growth:

1. Non-Convertible Debentures (NCDs) Issuance:

  • Aggregate amount: Up to ₹30 Crores (Rupees Thirty Crores Only)
  • Instrument: Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures
  • Face value: ₹10,00,000/- (Rupees Ten Lakhs) each
  • Quantity: Up to 300 NCDs in one or more tranches
  • Placement: Private placement basis
  • Allottee: RevX Special Credit Opportunities Fund II (Non-Promoter Company)
  • Tenure: 36 months from deemed date of allotment
  • Coupon Rate: 13% per annum, compounded monthly and payable quarterly
  • Additional Coupon: 1.50% of amount disbursed, payable on deemed date of allotment
  • Security: First-ranking pari passu charges over specified movable/current assets and immovable properties, exclusive charge over DSRA, pari passu charge over escrow account, pledge/non-disposal undertaking over certain shares
  • Special Rights: Investor may appoint one Board Observer; in event of default, Debenture Trustee/holders may appoint nominee director

2. Optionally Convertible Debentures (OCDs) Issuance:

  • Aggregate amount: Up to ₹100 Crores (Rupees One Hundred Crore Only)
  • Instrument: Secured, Unrated, Unlisted, Redeemable Optionally Convertible Debentures
  • Face value: ₹10,00,000/- (Rupees Ten Lakhs) each
  • Quantity: Up to 1,000 OCDs in one or more tranches
  • Placement: Preferential basis through private placement
  • Allottee: RevX Special Credit Opportunities Fund II (Non-Promoter Company)
  • Tenure: Up to 18 months from date of allotment
  • Allotment Timeline: Within 15 days from relevant approvals
  • Coupon Rate: 13% p.a., compounded monthly and payable quarterly
  • Additional Coupon: 1.50% payable on deemed date of allotment
  • Default Interest: 2% per month upon occurrence of Event of Default
  • Security: First-ranking pari passu charge over current and movable assets, mortgage over specified immovable properties, exclusive charge over Interest Service Reserve Account (ISRA), cross-collateralisation over specified assets
  • Conversion Option: Option to convert into equity shares at predetermined Conversion Price
  • Retained OCDs: Investor can convert OCDs having aggregate principal amount of up to 10% of outstanding exposure or INR 10 crores (whichever is higher) into equity shares
  • Equity Listing: Equity shares issued upon conversion proposed to be listed on BSE and NSE subject to applicable approvals
  • Prepayment: Applicable prepayment penalty and make-whole provisions
  • Investor Redemption Right: Right to require redemption of Retained OCDs after expiry of applicable lock-in period
  • Borrower Nominee Purchase Option: Available for unconverted OCDs between 12 and 16 months from date of allotment

3. Shareholder Approval Process:

  • The company will seek consent of members through Postal Ballot
  • Postal Ballot Notice along with Explanatory Statement will be sent to members in due course
  • The OCD issuance is subject to approval of shareholders of the Company and other regulatory/statutory approvals

Other Significant Information:

  • Purpose: To support Company's working capital requirements and business growth
  • Investor Category: Non-Promoter Company
  • Number of Investors: 1 (RevX Special Credit Opportunities Fund II)

#GP Petroleums Limited