Ashima Ltd — Capital/Financing Update 2023

Aug 16, 2023

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16[th] August, 2023

To, BSE Limited

Corporate Relationship Department, 25[th] Floor, P J Towers, Dalal Street, Fort, Mumbai – 400001 SECURITY CODE NO. 514286

To,

National Stock Exchange of India Ltd Exchange Plaza 5[th] Floor, Plot no. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 SECURITY CODE NO. ASHIMASYN

Dear Sir/ Madam,

Sub: Allotment of fully paid-up, Unlisted, Secured, Unrated, Redeemable, Rupee Denominated, NonConvertible Debentures on Private Placement basis (“NCDs”) – Tranche- III

With reference to the captioned subject and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance to our letter dated 3[rd] February, 2023, intimating the approval of fund raising by the Company through issuance of fully paid-up Non-Convertible Debentures on private placement basis in one or more tranches up to an amount not exceeding Rs. 20 Crores (Rupees Twenty Crores only), this is to inform you that the Sub-Committee of Directors (“Committee”) of the Company has, at its meeting held today i.e. 16[th] August, 2023, approved the allotment of 500 (Five Hundred) fully paid-up, Unlisted, Secured, Unrated, Redeemable, Rupee Denominated, Non-Convertible Debentures of face value of Rs.1,00,000/- (Rupees One Lakh only) each aggregating to Rs.5,00,00,000/- (Rupees Five Crores only) on Private Placement basis (“NCDs”) – Tranche-III.

The brief terms and conditions of the Issue of NCDs- Tranche-III, approved by the Committee is annexed herewith and marked as Annexure-I.

The meeting commenced at 2:40 p.m. and concluded at 3:05 p.m.

This is for your information and records.

Thanking you,

Yours faithfully, For Ashima Limited

Digitally signed by SHWETA SULTANIA DN: c=IN, o=Personal, SHWETA pseudonym=15E92D174FBF210DD1525EB2B4B54047AAE6E221, 2.5.4.20=3773c076ef0163b5656e1803e4086aa59 1e270c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D0 SULTANIA 7A0E8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2023.08.16 15:10:33 +05'30'

Shweta Sultania

Company Secretary & Compliance Officer

Encl: As above

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Annexure-I

Terms and Conditions of the Issue of NCDs

Size of the issue	Size of the issue	Size of the issue	Size of the issue		500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd	500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd	500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd	500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd	500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd	500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd	500 (Five Hundred) fully paid-up, unlisted, secured,td dbl ditd
					unrae, reeemae, rupee enomnae, non-convertible debentures of a face value of Rs.
					1,00,000/-aggregatinCrores onl	(Rupees g to Rs. 5,0y). (Tranche-II	One0,00I)	Lak,000/-	honly)ea(Rupees Fi	chve
Type of securi	ties				FullypaRedeemabConvertibl	id-up,Unlisle,Rupeee Debentures.	ted,D(“ N	SecenomCDs”	ured,Unratinated,No)	ed,n-
f					f	i	l		i
Type o Issuan	ce				Issue o N	Ds on Prvat	Pa	ceme	t Bass.
Whether propostock exchan	sed to be list(s)	ed? If yes, nam	e of the		No
g
Tenure of the	instrument -	date of allotm	ent and		5 years fr	om the date o	f al	lotmen	t ofNCDsw	ith
date of maturit	y				Call Optio	n.
					Date of Al	lotment: 16thA	ugu	st, 20	23
Coupon/intere	st offered, sc	hedule of pay	ment of		Coupon/In	terest Offered:	12	% per	annum
coupon/interes	t and principa	l			D dt	f Itt P		O	1stMh
					ue ae	neres ay	en	:nBusin	arc evess Day then	ryon
					year or if	31stMarch is n	ot a
					the immed	iately succeed	ing B	usine	ss Day.
					Principal	Repayment:5	ye	ars fr	om the date	of
					allotment o	f NCDs with	Call	Optio	n.
					The Compcall the de	any at all timbenture holde	es ss b	hall hsendi	ave an optionthem a not	toce
					in writing	("Call Option	yNot	ice'') t	go make an of	fer
					for redemp	tion of NCDs	in P	art or	Full.
Charge/securit	y, if any, crea	ted over the ass	ets		The princi	pal amount of	NC	Ds sha	ll be secured	by
					creation ofby enterin	first charge og into a Deed	n Noof M	n – Aortgag	gricultural Lae in complian	ndce
					with the pr	ovisions of ap	plica	ble la	ws.		Di

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Special right/interest/privileges attached to theinstrument and changes thereof;	None
Delay in payment of interest/principal amount for aperiod of more than three months from the due dateor default in payment of interest/principal;	Not Applicable
Default Interest Rate	In case of default in the payment of interest and/ orprincipal amount on the due dates, an additionalInterest @ 2% per annum will be payable by theIssuer for the defaulting period.
Details of any letter or comments regardingpayment/non-payment of interest, principal on duedates, or any other matter concerning the securityand/or the assets along with its comments thereon,if any;	None
Details of redemption of debentures	5 years from the date of allotment of NCDs withCall Option. Company at all times shall have anoption to call the debenture holder by sending anotice in writing ("Call Option Notice'') to make anoffer for redemption of NCDs in Part or Full.NCDs will be redeemed at par along with accruedinterest on the maturity date.

For Ashima Limited

SHWETA SULTANIA Digitally signed by SHWETA SULTANIA DN: c=IN, o=Personal, pseudonym=15E92D174FBF210DD1525EB2B4B54047AAE6E221, 2.5.4.20=3773c076ef0163b5656e1803e4086aa591e270c11fb2ca81ccbc10ce9cc0b102, postalCode=380055, st=Gujarat, serialNumber=5988C6AC8A761CA9A45C62B8D07A0E8CCD50129BC3A36104135D915AEB1FF57A, cn=SHWETA SULTANIA Date: 2023.08.16 15:11:59 +05'30'

Shweta Sultania Company Secretary & Compliance Officer

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