Ester Industries Ltd. — Capital/Financing Update 2022

Nov 22, 2022

==> picture [132 x 51] intentionally omitted <==

==> picture [54 x 54] intentionally omitted <==

Date: 22[nd] November, 2022

BSE Limited National Stock Exchange of India Limited Department of Corporate services Exchange Plaza, Phirojee Jeejeebhoy Towers Plot no. C/1, G Block, Dalal Street, Mumbai – 400023 Bandra‐Kurla Complex, Symbol : 500136 Bandra (E), Mumbai – 400051 Symbol : ESTER

Dear Sir

Subject: Intimation regarding Corporate Guarantee

We wish to intimate you that the Company has decided to give Corporate Guarantee in favour of Bank of India, Bank of Baroda and HDFC Bank Ltd. (the Lenders) for extending Working Capital facilities in favour of Ester Filmtech Limited, wholly owned Subsidiary of the Company for an amount of Rs. 1,41,80,00,000/‐ (Rupees One Hundred and Forty One Crores and Eighty Lakhs only) (Working Capital facilities). Brief details in compliance with SEBI Circular Ref No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 is given in Annexure ‐1 .

Please take the above on your record.

Thanking You

Yours Faithfully For Ester Industries Limited

DIWAKER Digitally signed by DIWAKER DINESH DINESH Date: 2022.11.22 15:31:56 +05'30' Diwaker Dinesh Head‐Legal & Company Secretary

==> picture [460 x 67] intentionally omitted <==

==> picture [132 x 51] intentionally omitted <==

==> picture [54 x 54] intentionally omitted <==

Annexure – I

Annexure	– I
S. NO.	Particulars	Details
1	Name of party for which such guarantees or indemnity or surety was given:	Ester Filmtech Limited (wholly owned subsidiary of Ester Industries Limited)
2	Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at “arms length”;	Mr. Arvind Singhania and Mr. Ayush Vardhan Singhania, Promoter / Promoter Group of Ester Industries Limited are Directors of Ester Filmtech Limited. The terms of the Guarantee are as per the Conditions laid down by the Bank of India, Bank of Baroda and HDFC Bank Ltd. (the Lenders) and are at arms length.
3	Brief details of such guarantee or indemnity or becoming a surety viz. Brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee;	Ester Industries Limited is providing Corporate Guarantee to Bank of India, Bank of Baroda and HDFC Bank Ltd. (the Lenders) for extending Working Capital facilities in favour of Ester Filmtech Limited, wholly owned Subsidiary of the Company for an amount of Rs. 1,41,80,00,000/‐ (Rupees One Hundred and Forty One Crores and Eighty Lakhs only) (Working Capital facilities). The guarantee, once executed, will be valid throughout the tenure of the facility.
4	Impact of such guarantees or indemnityor suretyon listed entity	No financial / operational impact is foreseen at the time when theguarantee will be executed.

For Ester Industries Limited

DIWAKER Digitally signed by DIWAKER DINESH DINESH Date: 2022.11.22 15:32:27 +05'30' Diwaker Dinesh Head‐Legal & Company Secretary

==> picture [460 x 67] intentionally omitted <==