Crompton Greaves Consumer Electricals Limited — Capital/Financing Update 2020

May 29, 2020

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254

Date: May 29, 2020

To,	To,
BSE Limited ("BSE"),	National Stock Exchange of India Limited
Corporate Relationship Department,	("NSE"),
nd Floor, New Trading Ring,2	"Exchange Plaza", 5th Floor,
P.J. Towers, Dalal Street,	Plot No. C/1, G Block,
Mumbai –400 001.	Bandra-Kurla Complex, Bandra (East),
	Mumbai –400 051.
BSE Scrip Code: 539876	NSE Symbol: CROMPTON
ISIN: INE299U01018	ISIN: INE299U01018
Our Reference: 31/2020-21	Our Reference: 31/2020-21

Dear Sir/Madam,

Ref: Intimation dated May 7, 2020 (BSE reference no. 13/2020-21 and NSE reference no. 13/2020-21) Intimation dated May 20, 2020 (BSE reference no. 21/2020-21 and NSE reference no. 21/2020-21)

Intimation dated May 26, 2020 (BSE reference no. 27/2020-21 and NSE reference no. 27/2020-21)

Sub: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In furtherance to our intimation letters as mentioned above and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we inform you that the Committee of Debentures vide their resolution dated May 29, 2020 have inter alia, approved the allotment of 3,000 listed, secured, rated, redeemable, Non-Convertible Debenture (NCDs) of a face value of Rs.10,00,000/- each aggregating to Rs. 300 crores on Private Placement basis in two series as follows:

(a) 1500 Series A, 7.25% Rated, Secured, Listed, Redeemable Non-Convertible Debentures of a face value of Rs. 10,00,000 each aggregating to Rs. 150 Crores; and

(b) 1500 Series B, 7.25% Rated, Secured, Listed, Redeemable Non-Convertible Debentures of a face value of Rs. 10,00,000 each aggregating to Rs. 150 Crores.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given in Annexure A to this letter.

You are requested to kindly take the above information on your record.

Thanking you,

KAUL

For Crompton Greaves Consumer Electricals Limited

PRAGYA Digitally signed by PRAGYA KAUL DN: c=IN, o=Personal, postalCode=400074, st=MAHARASHTRA, serialNumber=84c3cda8c48ae17c551bd 8b9ee5a8312ce8ac0972726393186cb59 193af2751f, cn=PRAGYA KAUL Date: 2020.05.29 12:39:49 +05'30'

Pragya Kaul Company Secretary & Compliance Officer

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254

Annexure A

Particulars of event to be provided	Details of such event
Type of securities	Listed, Secured, Rated, Redeemable, NonConvertibleDebenture("NCDs"or"Debentures")
Type of issuance	Private Placement
Total number of securities or the totalamount for which the securities issued	•1500 Series A NCDs for face value of Rs.10,00,000 each aggregating to Rs. 150Crores•1500 Series B NCDs for face value of Rs.10,00,000 each aggregating to Rs. 150Crores
Size of the issue	Rs. 300 Crores
Whether proposed to be listed? If yes,name of the stock exchange(s)	Yes, National Stock Exchange of India Limited
Tenure of the instrument -date ofallotment and date of maturityCoupon/interest offered, schedule ofpaymentofcoupon/interestand	3 years29th May, 2020Date of Allotment –29th May,Date of Maturity –2023 (Unlessthis date is not a Business Day in whichcase the Redemption Date will be the datecalculated as per Business Convention Day)TheCompanymayexercisecalloptiononexpiry of the 18th month for Series A Debenturesof 24th monthandontheexpiryforSeriesBDebentures,fromtheDeemedDateofAllotment ("Call Option")Couponrate7.25%perannumpayableannually and Principal on maturity
principalCharge/security, if any, createdovertheassets	•First paripassucharge on all of the Issuer'sFixed Assets both present & future, saveand except the fixed assets (moveable andimmoveableproperties)situatedatVadodara•First pari passu charge on brand of thecompany ("Crompton") (hereinafter referredto as the "Brand") (including assignment oflicense agreement if any) throughout thetenure of NCDs•This security above shall rank pari passuwith the Existing Debentures

Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor,

East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254

Specialright/interest/privilegesattachedtotheinstrumentandchangesthereof	Not Applicable
Delay in payment of interest/principalamount for a period ofmore than threemonths from thedue date or default inpayment of interest/ principal	In case of default of payment of interest and / orprincipal redemption on the due date, additionalinterest @ 2% p.a. payable monthly over andabove the coupon rate on the defaulted amountwill be payable by the Company for the defaultperiod i.e. from the date of occurrence of thedefault till the amount payable is received
Details of any letter or commentsregarding payment/non-payment ofinterest, principal on due dates, oranyother matter concerning the securityand/or the assets along with itscomments thereon, if any	Not Applicable
DetailsofredemptionofNCDsindicating the manner of redemption(whether out of profits or out of freshissue)	Bullet redemption at the end of the Tenure

PRAGYA KAUL

Digitally signed by PRAGYA KAUL DN: c=IN, o=Personal, postalCode=400074, st=MAHARASHTRA, serialNumber=84c3cda8c48ae17c551bd8b9ee5 a8312ce8ac0972726393186cb59193af2751f, cn=PRAGYA KAUL Date: 2020.05.29 12:51:06 +05'30'