Finolex Industries Ltd. — Capital/Financing Update 2021

Apr 29, 2021

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FIL/SEC/SEs/2021-22/011 28[th] April, 2021

National Stock Exchange of India Limited BSE Limited Manager – Listing Department Manager – Listing Department 5, Exchange Plaza Registered Office: Floor 25 Bandra-Kurla Complex P.J.Towers Bandra (East), Dalal Street Mumbai 400051 Mumbai 400 001 Scrip Code: Scrip Code: Equity: Equity: FINPIPE 500940/FINOLEXIND

Sub : Initial Disclosure in terms of SEBI Circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated 26[th] November, 2018

Dear Sir/Madam,

This is with reference to the subject referred circular that provides framework for fund raising in form of debt securities by the listed entities fulfilling following three criteria:

• (i) have their specified securities or debt securities or non-convertible redeemable preference share, listed on a recognized stock exchange(s) in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;

• (ii) have an outstanding long term borrowing of Rs. 100 Crores or above, where outstanding long-term borrowings shall mean any outstanding borrowing with original maturity of more than 1 year and shall exclude commercial borrowings and inter-corporate borrowings between a parent and subsidiary(ies); and

• (iii) have a credit rating of “AA and above”, where credit rating shall be of the unsupported bank borrowing or plain vanilla bonds of an entity, which have no structuring/ support build in; and in case, where an issuer has multiple ratings from multiple rating agencies, highest of such rating shall be considered for the purpose of applicability of this framework.

All the listed entities fulfilling all above criteria shall be considered as a ‘Large Corporate’ and said framework shall be applicable to them

In terms of the subject circular, we provide below information:

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Sr. **No. **	Particulars	Details
1	Name of the Company	Finolex Industries Limited (FIL)
2	CIN	L40108PN1981PLC024153
3	Outstanding long term borrowing with original maturity of more than 1year	Nil
4	Highest Credit Rating during the previous FY alongwith name ofthe CreditRatingAgency	CRISIL AA (CRISIL Limited)
5	Name of the stock exchange in which the fine shall be paid, in case of shortfall in the required borrowing undertheframework	Not applicable

We wish to state that considering the nonfulfillment of criteria as mentioned in Sr. No.(ii) of the above subject circular, FIL does not fall under ‘Large Corporate’.

We request you to take the above information on your records.

Thanking you,

Yours truly,

For Finolex Industries Limited

ASHUTOS Digitally signed by ASHUTOSH B H B KULKARNI Date: 2021.04.28 KULKARNI 17:24:17 +05'30'

Ashutosh Kulkarni Company Secretary & Compliance Officer ACS No.: 18549

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