Corrected Point No. 5 - NCD Issuance Details

The company proposes to issue 40,000 (Forty Thousand) Secured, Listed, Rated, Non-Convertible Debentures (NCDs) with a face value of ₹10,000 each, aggregating to ₹40,00,00,000 (Rupees Forty Crore Only) on a private placement basis.

Breakdown of the issue:

  • Base Issue: 15,000 units aggregating ₹15,00,00,000 (Rupees Fifteen Crore Only)
  • Green Shoe Option: 25,000 units aggregating ₹25,00,00,000 (Rupees Twenty-Five Crore Only)

Corrected Point No. 7 - Merchant Banker Appointment

Appointment of Horizon Management India Private Limited as the Merchant Banker for the proposed issuance of 40,000 Secured, Rated, Listed, Non-Convertible Debentures aggregating ₹40,00,00,000 on a private placement basis.

Annexure IV Details

Security Characteristics

  • Type: Secured, Rated, Listed, Non-Convertible Debentures (NCD)
  • Issuance Type: Private Placement
  • Listing: Yes, on BSE Limited
  • Tenure: 30 months

Allotment Process

Date of allotment will be done after closure of Bidding Time (as the NCD shall be privately placed through Electronic Book Provider (EBP)) on Settlement date, in compliance with Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.

Repayment Schedule

  • 30% at the end of 18th Month from the Deemed Date of Allotment
  • 30% at the end of 24th Month from the Deemed Date of Allotment
  • 40% at the end of 30th Month from the Deemed Date of Allotment

Security Cover

1.35x (one decimal point three five times) of the amounts outstanding under the Debentures (including principal and interest) where at least 1.35 time or 135% of the security cover is from Secured Receivables.

Default Provisions

Delay in payment of interest/principal amount for more than three months from due date will attract penalty of 3% per annum over and above the Coupon Rate on the default amount.

Additional Information

  • Special rights/privileges: None
  • Details of payment/non-payment comments: NA
  • Redemption details: NA

Status of Other Contents

All other contents of the Board Meeting Outcome dated July 20, 2026 remain unchanged and continue to be applicable.