Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting and Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

Corporate Actions:

The Board of Directors approved the allotment of 37,50,000 (Thirty-seven Lakhs and Fifty Thousand) fully paid-up Compulsory Convertible Debentures (CCDs) at a face value of ₹400 per CCD for an aggregate amount of ₹1,50,00,00,000 (Rupees One Hundred and Fifty Crores Only).

Key Terms of CCDs:

  • Coupon Rate: 12% per annum
  • Conversion Terms: Compulsorily convertible into equity shares of ₹1 face value
  • Conversion Timeline: Anytime after 12 months and before completion of 18 months from date of allotment
  • Conversion Ratio: Each CCD converts into one equity share of ₹1 face value

Allottee Details:

| No | Allottee | Number of CCDs | Category | Amount (₹) |

| 1 | Anchorage Capital Scheme III (AIF Category II) | 20,00,000 | Non-Promoter | 80,00,00,000 |

| 2 | AADI Financial Advisors LLP | 17,50,000 | Non-Promoter | 70,00,00,000 |

| Total | | 37,50,000 | | 1,50,00,00,000 |

Post-Conversion Shareholding Impact:

| Sr. No | Allottee | Pre-issue Holding | Post-conversion Holding |

| | | Shares | % | Shares | % |

| 1 | Anchorage Capital Scheme III | 0 | 0% | 20,00,000 | 1.07% |

| 2 | AADI Financial Advisors LLP | 0 | 0% | 17,50,000 | 0.94% |

Meeting Details:

  • Board Meeting started at 10:30 am and concluded at 10:45 am
  • Meeting conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

Company Contact:

Company Secretary and Compliance Officer: Mrs. Deepika Pandey