Capacit'e Infraprojects Limited — Capital/Financing Update 2021

Aug 22, 2021

Ref : CIL/STEX 30/Q2FY22

Date : August 22, 2021

To

The Secretary,	The Secretary,
BSE Limited	National Stock Exchange of India Limited
Corporate relation Dept,	Plot No. C/1, G Block,
P.J. Towers,	Bandra Kurla Complex
Dalal Street, Fort,	Bandra (East)
Mumbai-400001	Mumbai-400 051
Scrip Code –/Scrip Id: 540710/CAPACITE	Scrip Symbol: CAPACITE

Subject: Press Release in connection with Intimation of Downgrade in Credit Rating

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please find enclosed herewith the copy of Press Release in connection with Intimation of Downgrade in Credit Rating.

Thanking you,

Yours faithfully, For CAPACIT'E INFRAPROJECTS LIMITED

Varsha Malkani

Company Secretary and Compliance Officer

Encl: As above

Investor Release

Clarification on the downgrading of rating to 'IND D' by India Ratings and Research (Ind-Ra)

India Ratings and Research (Ind-Ra) has downgraded our Long-Term Issuer Rating to 'IND D' from 'IND A' (outlook negative).

We have submitted our replies / clarification to the rating agency and also strongly protested their action and have urged them to reconsider their stand.

We would like to provide clarification on the rating provided by India Ratings and Research (Ind-Ra).

• All Loan/Debt facilities of all Financial Institutions are currently standard and regular (copies of emails received from working capital lenders are annexed herewith).

• All the consortium banks have in the last consortium meeting held on June 30, 2021, confirmed that the account is Standard and Regular with them.

• The term lenders have also confirmed the status of account as Standard and Regular as on June 30, 2021 to us. They have also intimated the current status as Standard and Regular to the rating agency.

• There were some delays in the past which were more technical in nature and linked with Pandemic. The Lenders of the Company have sent emails to the Rating Agency confirming the same and have also stated that the account is standard and regular as on date and they have not construed the same as default.

• We have apprised the lenders who are very supportive and have indicated their continuing support towards our banking relationship.

• We have initiated discussion with other Rating Agencies of repute to provide their independent ratings on our debt facilities.

• The Company has operational order book in excess of ₹ 8,800 crores as on June 30, 2021 from marquee clients. The Company has ramped up execution at all the project sites and envisages strong revenue booking in coming months. The current workforce at site is in excess of 11,400 persons, which is at all time high.

• The collections have been robust which provide sufficient visibility in terms of liquidity and we do not anticipate any repayment defaults. Further, all the installments due up to July 31, 2021 have been paid in full and there is no situation of defaults of our obligations.

• The working capital cycle has registered continuous improvement from Q3 FY21 post the relaxation of Covid 19 related restrictions and bound to improve further in coming quarters.

• For further ramping up of operations, the promoters of the Company have infused ₹ ~47 crores as unsecured long term loans in Q1 FY22.

• The Promoters and Management team of CIL would like to assure all stakeholders that the Company has a clear visibility of strong cash flows in the current and ensuing quarters and continues to execute orders for its marquee clients which will ensure timely servicing of all its debt obligations. We remain committed to be Debt free by FY23.

We request you to take on record the above.

About Capacit'e Infraprojects Limited

Capacit'e Infraprojects Limited (Capacit'e/the Company) has etched a name for itself as a quality contractor in the buildings space. Today, it is working with almost all major real estate developers in the country. Capacit'e has been rapidly emerging as a marquee contractor in the building space with good repute. The Company's sharp focus on the single segment of buildings, with an emphasis on technology, a robust asset base and the promoters' rich experience in the EPC space have enabled it to scale up quickly in the building space and become a well-respected player. Capacit'e provides end-to-end construction services for High Rise and Super High-Rise Buildings, Townships, Mass Housing, etc. in the residential space, Office Complexes, IT & ITES Parks in the commercial space and Hospitality, Healthcare Facilities, Industrial Buildings, MLCPs in the institutional space.

For more information please visit www.capacite.in

Safe Harbor Statement

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

Company	InvestorRelationsAdvisors
Capacit'eInfraprojectsLimited	StrategicGrowthAdvisorsPvtLtd.
CINNo:L45400MH2012PLC234318	CINNo:U74140MH2010PTC204285
Name:Mr.AlokMehrotraDesignation–President,CorporateFinanceEmailid:ir@capacite.in	Mr.ShogunJain/Mr.VinitVoraEmailid:shogun.jain@sgapl.net/vinit.vora@sgapl.netTelNo:+917738377756/+919819068322

Shikha Shah shikha.shah@capacite.in

Request for Account Status

MIDBOM MIDBOM@bankofbaroda.com Sat, Aug 21, 2021 at 3:25 PM To: Shikha Shah shikha.shah@capacite.in

Dear Sir,

We refer to the trail mail and would like to inform you that the account is standard as on date and there is nil overdue.

Regards,

Archana Vishwakarma

Chief Manager

CFS Nariman Point Branch

From: Shikha Shah [mailto:shikha.shah@capacite.in] Sent: 21 August 2021 11:28 To: MIDBOM Cc: Alok Mehrotra; Rajendra Khatri; Veena Gawde; Aditya Gopal Subject: Request for Account Status

**सा वधा न: यह मेल बैंक डो मेन के बा हर से आया है. अगर आप प्रेषक को नहीं जा नते तो मेल में दी गयी क पर क ना करें या अटैचमेंट ना खो लें. **CAUTION: THIS MAIL IS ORIGINATED FROM OUTSIDE OF THE BANK'S DOMAIN. DO NOT CLICK ON LINKS OR OPEN ATTACHMENTS UNLESS YOU KNOW THE SENDER. अस्वी करणः **************************************************************************************** यह ईमेल ( सी भी संलग्नक स त) केवल अपे त प्रा कर्ता /ओं के उपयो ग के ए है और इसमें ऐसी सा मग्री हो सकती है जो कंपनी की गो पनी य और जी सूचना हो . सरों रा इसमें

[Quoted text hidden]

को ई भी संशो धन या इसे आधा र बना ना या इस संदेश की सी भी या सभी सा मग्री को कॉ पी करना या त त करना या अग्रे त करना पूरी तरह से व त है. य आप अपे त प्रा कर्ता नहीं हैं, तो कृपया ईमेल रा संबं त प्रेषक से संपर्क करें और सभी प्र यां हटा दें. इस संबंध में आपका सहयो ग वां छनी य है. ****************************** ********************************************************** Disclaimer: **************************************************************************************** This email (including any attachments)

is intended for the sole use of the intended recipient/s and may contain material that is CONFIDENTIAL AND PRIVATE COMPANY INFORMATION. Any review or reliance by others or copying or distribution or forwarding of any or all of the contents in this message is STRICTLY PROHIBITED. If you are not the intended recipient, please contact the sender by email and delete all copies; your cooperation in this regard is appreciated. ****************************** **********************************************************

Supriya Bhosale supriya.bhosale@capacite.in

Fwd: Request for account status

1 message

Shikha Shah shikha.shah@capacite.in Sat, Aug 21, 2021 at 5:58 PM To: Supriya Bhosale supriya.bhosale@capacite.in

---------- Forwarded message --------- From: <RamanujamLaxmi.SrinivasaRao@hdfcbank.com> Date: Sat, Aug 21, 2021, 5:40 PM Subject: Re: Request for account status To: <Kaustav.Sengupta@hdfcbank.com> Cc: Shikha Shah <shikha.shah@capacite.in>, Aditya Gopal <aditya.gopal@capacite.in>, Alok Mehrotra <alok.mehrotra@capacite.in>, <rahul.gupta@hdfcbank.com>, Rajendra Khatri <rajendra.khatri@capacite.in>, Veena Gawde veena.gawde@capacite.in, <Mahavir.Jain@hdfcbank.com>, <Jasel.Kapadia@hdfcbank.com>

Dear Kaustav,

Account Status is Regular. EMI cleared till 20th Aug 2021.

Regards,

R.L.Srinivasa Rao, Assistant Vice President, ACLM - CTG - Mumbai, Mobile No. - 09325378450

From: Kaustav Sengupta/Infrastructure Finance/Kanjurmarg-Mumbai/HBL To: Ramanujam Laxmi Srinivasa Rao/Collections/Kanjurmarg-Mumbai/HBL@HDFCBANK, "Shikha Shah" shikha.shah@capacite.in Cc: "Aditya Gopal" aditya.gopal@capacite.in, "Alok Mehrotra" <alok.mehrotra@capacite.in>, rahul.gupta@hdfcbank.com, "Rajendra Khatri" <rajendra.khatri@capacite.in>, "Veena Gawde" <veena.gawde@capacite.in>, Mahavir Jain/Collections/Kanjurmarg-Mumbai/HBL@HDFCBANK, Jasel Kapadia/CTG/Bank House-Pune/HBL@HDFCBANK Date: 21-08-2021 17:11 Subject: Re: Request for account status

Dear Rao

Pls confirm the account status as on date of Capacite Infraprojects

Regards Kaustav Sengupta HDFC Bank 4th floor, Peninsula Business Park, Tower B, Lower Parel Mum - 400013 Tel No. 33958128 Mob - 9930023975

From: "Shikha Shah" <shikha.shah@capacite.in> To: Kaustav.Sengupta@hdfcbank.com, rahul.gupta@hdfcbank.com Cc: "Alok Mehrotra" <alok.mehrotra@capacite.in>, "Rajendra Khatri" <rajendra.khatri@capacite.in>, "Veena Gawde" <veena.gawde@capacite.in>, "Aditya Gopal" <aditya.gopal@capacite.in>

Date: 21-08-2021 11:30 Subject: Request for account status

Dear Kaustav

This is with reference to the Rating of the Company

We request you to kindly provide the account status and the conduct of the account as on date.

-- Thanks & Regards Shikkha Shah Sr. Manager

Mobile No: 9819123066 │Tel: +91 022-71733717 │Fax:+91 022-71733733│ www.capacite.in │CIN - U45400MH2012PLC234318

Registered Office Address : 605-607, Shrikant Chambers, Phase-I, 6th Floor, Adjacent to R. K. Studios, Sion-Trombay Road, Chembur, Mumbai- 400071. Maharashtra, India Go Green , Save A Tree - Please do not print unless really needed Advisory Note : This email message originates from outside HDFC BANK. Please be extra vigilant before you click on a link, open attachments or reply.

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Re: [SPF/DKIM Exception] Capacite: Regarding CRILC Report

1 message

LCB Mumbai Cuffee Parade bo090210@pnb.co.in Fri, Aug 20, 2021 at 1:17 PM

To: Aditya Gopal aditya.gopal@capacite.in, Rajendra Khatri rajendra.khatri@capacite.in

Sir,

We hereby inform that the account of Capacite Infraprojects Ltd with our bank is in Standard category & the account position is regular as on date.

Regards,

Manager Punjab National Bank LCB Cuffe Parade 14th Floor, F wing, Maker Towers Cuffe Parade, Mumbai 400005 Tel: 022-43023100 E-Mail - bo090210@pnb.co.in

From: Aditya Gopal <aditya.gopal@capacite.in> Sent: Friday, August 20, 2021 12:21 PM To: LCB Mumbai Cuffee Parade <bo090210@pnb.co.in> Cc: lcbforeshoreroad@gmail.com <lcbforeshoreroad@gmail.com>; Shikha Shah <shikha.shah@capacite.in>; Rajendra Khatri <rajendra.khatri@capacite.in> Subject: [SPF/DKIM Exception] Capacite: Regarding CRILC Report

Mail originates from outside PNB !! This e-mail ID has been provided exception. Be vigilant before you click on a link, open attachments or reply !!! -------------------------------------------------------------------------

Dear Sir,

We have been informed by one if our Consortium Member Banks that your Bank has moved our account to default.

Requesting you to please share the status of our account.

Thank You Regards

Aditya PNB's Offering "AVAIL OUR SECURE INTERNET BANKING FACILITY FOR 24*7 ACCESS TO YOUR PNB ACCOUNT"

For Details :

Contact:Toll Free No. 1800-180-2222/1800-103-2222 & Tolled No. 0120-2490000 Visit: www.pnbindia.in

For Credit Card, please call Credit Card Call Centre No. 18001802345 (Toll Free) and 0120-4616200 (Tolled No.) and visit: pnbcard.in

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The Information transmitted in this email is solely for the addressee. It is confidential and may be legally privileged. Access to this email by anyone else is unauthorized. Any disclosure, copying, distribution or any action taken by anyone other than by the intended recipient is prohibited and may be unlawful. If you are not the intended recipient then kindly delete the mail from your system. Any opinion or views expressed in this mail may not necessarily reflect that of Punjab National Bank. The bank considers unencrypted email as an insecure mode of communication.

Shikha Shah shikha.shah@capacite.in

Account status as on date and conduct

Amit Sodani Amit.Sodani@rblbank.com Sat, Aug 21, 2021 at 11:27 AM

To: Shikha Shah shikha.shah@capacite.in Cc: Alok Mehrotra alok.mehrotra@capacite.in, Rajendra Khatri rajendra.khatri@capacite.in, Veena Gawde veena.gawde@capacite.in, Aditya Gopal aditya.gopal@capacite.in

Dear Shikha,

The account is standard, regular with RBL bank as on date.

Thanks & Regards

Amit Sodani

From: Shikha Shah <shikha.shah@capacite.in> Sent: 21 August 2021 11:26 To: Amit Sodani <Amit.Sodani@rblbank.com> Cc: Alok Mehrotra <alok.mehrotra@capacite.in>; Rajendra Khatri <rajendra.khatri@capacite.in>; Veena Gawde <veena.gawde@capacite.in>; Aditya Gopal <aditya.gopal@capacite.in> Subject: Account status as on date and conduct

EXTERNAL EMAIL: Do not click any links or open any attachments unless you trust the sender and know the content is safe.

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DISCLAIMER: Information contained and transmitted by this e-mail and including attachment thereto is proprietary or legally privileged information to RBL Bank Limited. It is intended for the designated recipient(s) and purpose, and may contain information that is privileged, confidential or exempt from disclosure under applicable law. Access to this email and/or to the attachment by anyone else is unauthorized. If you are not the intended recipient, an agent of the intended recipient or a person responsible for delivering the information to the intended recipient, you are notified that any use, copying, reproduction, dissemination, disclosure, modification, publication of this e-mail or any information contained therein in any way or in any manner is strictly prohibited or may be unlawful. Further, if you are not the intended recipient, please notify the sender immediately about mis-delivery and permanently delete this e-mail and its attachments, if any. . The recipient acknowledges that the views expressed in this e-mail are those of sender and may not necessarily reflect those of the Bank. There is no guarantee that the integrity of this communication has been maintained and nor is this communication free of viruses, interceptions or interference. The sender or the Bank accepts no liability for damage caused by any virus transmitted in this email or error or omissions.

Request for Account Status

RMAMT1 4732 rmamt1.04732@sbi.co.in Sat, Aug 21, 2021 at 1:47 PM To: Shikha Shah shikha.shah@capacite.in, SO2AMT1 4732 so2amt1.04732@sbi.co.in, RMAMT3 4732 rmamt3.04732@sbi.co.in

Cc: Alok Mehrotra alok.mehrotra@capacite.in, Rajendra Khatri rajendra.khatri@capacite.in, Veena Gawde veena.gawde@capacite.in, Aditya Gopal aditya.gopal@capacite.in

Sir,

We confirm that the account is standard and regular with us as on date.

Regards,

Rajesh Palli

AGM & RM (AMT-I)

State Bank of India

IFB Andheri East Branch

Ph: +91-22-26819793

Email: rmamt1.04732@sbi.co.in

From: Shikha Shah <shikha.shah@capacite.in> Sent: Saturday, August 21, 2021 11:27 AM To: SO2AMT1 4732 <so2amt1.04732@sbi.co.in>; RMAMT1 4732 <rmamt1.04732@sbi.co.in>; RMAMT3 4732 <rmamt3.04732@sbi.co.in> Cc: Alok Mehrotra <alok.mehrotra@capacite.in>; Rajendra Khatri <rajendra.khatri@capacite.in>; Veena Gawde <veena.gawde@capacite.in>; Aditya Gopal <aditya.gopal@capacite.in> Subject: Request for Account Status

Warning: This email is not originated from SBI. Do not click on attachment or links/URL unless sender is reliable. Malware/ Viruses can be easily transmitted via email.

[Quoted text hidden]

The information in this mail is confidential and is intended solely for addressee. Access to this mail by anyone else is unauthorized. Copying or further distribution beyond the original recipient may be unlawful. Any opinion expressed in this mail is that of sender and does not necessarily reflect that of State Bank group. ---

Shikha Shah shikha.shah@capacite.in

Request for Account Status

BH MCB Mumbai South mcbmumbaisouth@unionbankofindia.com Sat, Aug 21, 2021 at 2:08 PM

To: Shikha Shah shikha.shah@capacite.in

Cc: Sandeep Kumar Barnwal sandeep.barnwal@unionbankofindia.com, Nilesh Nagoree

nileshnagoree@unionbankofindia.com, Alok Mehrotra alok.mehrotra@capacite.in, Rajendra Khatri rajendra.khatri@capacite.in, Veena Gawde veena.gawde@capacite.in, Aditya Gopal aditya.gopal@capacite.in, Sachin Dev sachindev@unionbankofindia.com

Dear Ma'am,

This is in reference to trail mail, we are to inform that account is standard and regular as on date.

Regards Union Bank of India Mid Corporate Branch Mumbai (S)

-----"Shikha Shah" <shikha.shah@capacite.in> wrote: -----

To: "BH MCB Mumbai South" <mcbmumbaisouth@unionbankofindia.com>, "Sandeep Kumar Barnwal" <sandeep.barnwal@unionbankofindia.com>, "Nilesh Nagoree" <nileshnagoree@ unionbankofindia.com>

From: "Shikha Shah" <shikha.shah@capacite.in>

Date: 08/21/2021 11:32AM

Cc: "Alok Mehrotra" <alok.mehrotra@capacite.in>, "Rajendra Khatri"

<rajendra.khatri@capacite.in>, "Veena Gawde" veena.gawde@capacite.in, "Aditya Gopal" <aditya.gopal@capacite.in> कृपया सा वधा नी बरतें एवं न दें**:** यह ई- मेल बा हर से प्रा ई है. कृपया प्रेषक के ई-मेल पते को पूर्ण प से

Subject: Request for Account Status

जाँ चे (केवल प्रेषक का ना म ही नही ). प्रेषक की पहचा न ए ना क पर क न करें एवं संल को न खो ले और पहचा ने की दी गई सा मग्री सुर त है अथवा नही . सं मेल के संबंध में, कृपया antiphishing.ciso@ unionbankofindia.com पर पो र्ट करें

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Dar Sir

This is with reference to the Rating of the Company

We request you to kindly provide the account status and the conduct of the account as on date.

-- Thanks & Regards Shikkha Shah Sr. Manager

Mobile No: 9819123066 │Tel: +91 022-71733717 │Fax:+91 022-71733733│ www.capacite.in │CIN - U45400MH2012PLC234318

Registered Office Address : 605-607, Shrikant Chambers, Phase-I, 6th Floor, Adjacent to R. K. Studios, Sion-Trombay Road, Chembur, Mumbai- 400071. Maharashtra, India "सा वधा न: कभी भी अपनी गत और बैं ग जा नका री जैसे ना म, पता , ज , बैंक खा ता वरण, पा सवर्ड, डे ट / क्रे ट का र्ड नंबर्स

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