Everest Kanto Cylinders Ltd. — Capital/Financing Update 2021

Mar 22, 2021

March 22, 2021

To,

	BSE LIMITEDP.J. Towers,Dalal Street,Mumbai – 400 001BSE Scrip Code:532684	National Stock Exchange of IndiaLtd.Exchange Plaza,Bandra Kurla Complex,Bandra East, Mumbai – 400 051**NSE Symbol:**EKC**NSE Series:**EQ

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has pre-paid it’s last instalment on March 17, 2021 and thereby has repaid in entirety, the Term Loan of INR 3,250,000,000/- (Indian Rupees Three Billion Two Hundred Fifty Million Only) availed from Yes Bank Ltd., on October 06, 2012. Consequently, on March 22, 2021, Yes Bank Ltd. has released the Pledge on Promoter Shares of the Company amounting to a total of 29.99% of the entire Share Holding of the Company as on date. Accordingly, the Promoter Shares are free of any encumbrance with effect from March 22, 2021.

You are requested to take the above on record and oblige.

Thanking you,

For Everest Kanto Cylinder Limited

BHAGYASHREE BHAGYASHREE MOHAN KANEKAR MOHAN 2021.03.22 19:21:52 KANEKAR +05'30' Bhagyashree Kanekar Company Secretary and Compliance Officer

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