Ester Industries Ltd. — Capital/Financing Update 2022

Nov 22, 2022

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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

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Annexure – I

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

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