CESC Limited — Capital/Financing Update 2022

Oct 15, 2022

DOC :SEC/428/2022-23/154 Date: October 15, 2022

National Stock Exchange oflndia Limited, Exchange Plaza, 5th Floor, Plot No. C/1, G- Block, Bandra - Kurla Complex, Bandra (East), Mumbai- 400 051 SCRIP CODE: CESC

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 SCRIP CODE: 500084

Dear Sir(s),

Sub: Issue of Debt Securities

Further to our letter dated October 12, 2022, we write to inform you that the Committee of the Board at its meeting held today, has approved the issue of2,000 rated, secured, unlisted, redeemable, non-convertible debentures having a face value of Rs.10 lakh each for cash at par aggregating to Rs. 200 crore, on a private placement basis, as per the particulars furnished in Annexure A.

This is for your information and record.

Thanking you. Yours faithfully, For CESC Limited JAGDISH

Digitally signed by JAGDISH PATRA Date: 2022.10.15 11:35:19 +05'30'

Jagdish Patra Company Secretary & Compliance Officer

Encl: a/a

PATRA

Annexure - A

Type of securities proposed to beissued(viz.equityshares,	Rated, Secured, Unlisted, Redeemable,Non-ConvertibleDebentures(NCDs/Debentures)
convertibles etc.)
Type of issuance (further public		Private Placement
offering, rights issue,depository
receipts(ADR/GDR),qualified
institutions placement, preferential
allotment etc.
Total number of securities proposed	2000
to be issued or the total amount for
whichthesecuritieswillbe
issued(approximately)
Size of the issue		INR 200,00,00,000/-
Whether proposed to be listed? If		Unlisted
yes, name of the stock exchange(s)
Tenure of the instrument -date of		Deemed Date of Allotment –October	17, 2022
allotment and date of maturity	Date of Maturity - October 17, 2027 (final redemption
	date)
Coupon/interest offered, schedule of	Coupon Rate:3 Months T-Bill Rate + 1.63% p.a.
paymentofcoupon/interestand	Coupon Payment Frequency: Monthly
principal	Coupon Payment Schedule: Last day of every calendar
	month; where the first period shall commence from the
	Deemed Date of Allotment being October 17, 2022 and
	end on the last day of such calendar month and the
	subsequent periods shall commence on the first day of the
	subsequent calendar months and end on the last day of
	the said calendar months, respectively. Provided however
	that, the last interest period shall end on the Date of
	Maturity being October 17, 2027.
	Redemption Tenure:
	5 Years from the Deemed Date of Allotment, if the NCDs
	are notredeemed earlier by way of call/put optionin
	accordance with the terms and conditionsmentioned in
	the relevant transaction documents pertaining to the
	issue.
		Principal Redemption Schedule: Eight equal quarterly
	instalments starting from the end of 39th month from the
	deemed date of allotment, as mentioned below:
	Sr.No.	Scheduled Redemption Date (i.e.,the date falling on the expiry of)	Redemption Amount
	1	39th Month from the Deemed Date	INR 25,00,00,000/-
		of Allotment

JAGDIS H PATRA Digitally signed by JAGDISH PATRA Date: 2022.10.15 11:36:23 +05'30'

	2	42nd Month from the Deemed Date	INR 25,00,00,000/-
		of Allotment
	3	45th Month from the Deemed Date	INR 25,00,00,000/-
		of Allotment
	4	48th Month from the Deemed Date	INR 25,00,00,000/-
		of Allotment
	5	51st Month from the Deemed Dateof Allotment	INR 25,00,00,000/-
	6	54th Month from the Deemed Dateof Allotment	INR 25,00,00,000/-
	7	57th Month from the Deemed Dateof Allotment	INR 25,00,00,000/-
	8	Final Redemption Date	INR 25,00,00,000/-
Charge/security, if any, created over	(i)	a first ranking pari passu charge by way of
the assets	hypothecation over the movable fixed assets of the Company,
		both present and future, under the Deed of Hypothecation; and
	(ii)a first ranking pari passucharge by way of mortgage over
	the immovable fixed assets of the Company, both present and
	future, under the Mortgage Document,
	with a security cover of 1.40x (one point four-zero times) at all
		times during the tenure of theNCDs.
Specialright/interest/privileges	Call/Put Option: At the end of 3 years from the deemed
attachedtotheinstrumentand	date of allotment
changesthereof	Call/Put Price: At par
Delayinpaymentofinterest/	In case of default of payment of any amount payable by
principal amount for a period of	the Company under a transaction document on its due
more thanthree months from the	date, an additional interest of2% (two per cent) per
due date or default in payment of	annum, over and above the Coupon Rate, shall be
interest / principal	payable.
Details of anyletter or comments	N.A.
regarding payment/non-payment of
interest, principal on due dates, or
any other matter concerning the
security and /or the assets along with
its comments thereon, if any
Details of redemption of preference	N.A.
shares indicating the manner of
redemption (whether out of profits
or out of fresh issue) and debentures
Any cancellation or termination of	N.A.
proposal for issuance of securities
including reasons thereof.