Future Enterprises Limited — Capital/Financing Update 2019

Jan 3, 2019

January 3, 2019

To,

Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

Scrip Code: 52357 4 / 570002

To,

Listing Department National Stock Exchange of India Limited Exchange Plaza, Sandra Kurla Complex, Bandra (East), Mumbai - 400 051

Scrip Symbol: FEL / FELDVR

SSE Debt Scrip Codes: 952009-10-53-54-74-75-97-98 / 952715-17-18-21-879-880-881-882-883 I 954326-28-30-34- 35-40-43 / 955100-101-140-141-371-373-454-456-749-750-957-958 / 956012-13 / 956243-268-69 / 956310-11 / 956954- 55 / 957077-263-264-711-712-713 / 957875-76-89 / 958303-04

Dear Sir / Madam,

Sub: Outcome of the Meeting of the Committee of Directors of the Company in relation to the Allotment of Secured, Rated, Redeemable, Non-Convertible Debenture

The Committee of Directors of the Company has at their meeting held on January 3, 2019, considered, approved & allotted of 5,000, 10.50% Secured, Rated, Redeemable Non-Convertible Debentures of < 10 lakh each (NCD Series XXV - A) and 2,500, 10.60% Secured, Rated, Redeemable, Non-Convertible Debentures of < 10 lakh each (NCO Series XXV - B) aggregating to< 750 crore, on private placement basis

These NCDs have been rated

i. CARE AA- Stable (CARE Double A Minus; Outlook Stable) by CARE Ratings Limited.

The disclosure as per Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 is enclosed herewith as Annexure - I.

Kindly take the above information on your records.

Thanking you,

Yours sincerely,

For Future Enterprises Limited

Deepak Tanna Company Secretary

future r nterprises Ltd. {formerly-Future Retail limited). CIN L52 399MH1987PLC044954 . . Regd. Otf.: Knowledge House. Shyam Nagar. Off Jogeshwari · Vikhroti Link Road. Jogeshwan (East) . Mumbai - 400 060. P +91 22 6644 2200. F +91 22 6644 2201 . www.felindia.in. Corp. Off. : 247 Park. Tower C . 4th Floor . LBS Marg . Vikhroli {W) . Mumbai· 400 083. P +91 22 6119 0000

Annexure I

Disclosure as per Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015:

,-------,-SI.No.	---------------Particulars--	--------~----------·-----·------------Details of Securities--
-	--+----Size of the Issue	----------1-+----------< 750.00 Crore consisting of 7,500 Non-Convertible Debentures(hereinafter referred to as "NC Os") of <' 10.00 Lakhs each forcash at par
ii	Whether securities to be listed? IfYes, Name of the Stock Exchange	Yes,The said NCDs will be listed on the Wholesale Debt Marketseoment of BSE Limited.
iii	Tenure of the Instrument (withDate of Allotment and Date ofMaturity)
		--
iv	------------··-·---· --~/CouponRateScheduleofPayment of Coupon / interest and	~ ---- -------------·-Interest paid Yearly for both the series i.e. XXV -A and XXV -B
	principal	NCOSeries'----·	CouponRate	·-+----	Schedule of Payment of interest-------	--------	----
		XXV-A	10 .50%		January 3, 2020, January 3, 2021January 3, 2022
		XXV-8	10.60%	January 3, 2020, January 3, 2021January 3, 2022, January 3, 2023January 3, 2024, January 3, 2025
		Schedule of Principal Pavment (Redemption',:
		NCOSeries	Put Option_____		RedemptionDate
		XXV -A	---	·-N. A.		January 3,2022
		XXV -B	2022	At the end of 36 month from ,_JanuaryDeemed Date of Allotment of theinstrument, with notice of 30 daysto the debenture trustee and theCompany at par.Put Option date: January 3,			3~2025
v	Charge/ Security, if any createdover the assets	immovable properties (excludingPari-passu1st charge onspecific properties) and tangible movable fixed assets of theCompany.
		The Company will be maintaining overall minimum asset cover /security cover of 1.25 times on Net Block of Fixed Assets of theaggregate fac~ val~~~f the debe~!urs o~~t9_n_di_g_.					__

SI.No.	Particulars	Details of Securities
vi	Special right/ interest/ privilegesattached to the instrument andchanges thereof;	None
vii	Delay in payment of interest /principal amount for a period ofmore than three months from thedue date or default in payment ofinterest / principal;	In case of default in payment of Interest and/or principalredemption on the due dates, additional interest of at least $@$ 2%p.a. over the coupon rate will be payable by the Company for thedefaulting period;
viii	Details of any letter or commentsregarding payment/non-paymentof interest, principal on due dates,or any other matter concerningthe security and /or the assetsalong with its comments thereon,if any;	Not Applicable
ix	ofofredemptionDetailspreference shares indicating themanner of redemption-(whetherout of profits or out of fresh issue)and debentures;	Please refer point no. iv above.

For Future Enterprises Limited

Deepak Tanna Company Secretary

Future Enterprises Ltd. (formerly-Future Retail Limited). CIN L52399MH1987PLC044954 Regd. Off.: Knowledge House. Shyam Nagar. Off Jogeshwari - Vikhroli Link Road. Jogeshwari (East). Mumbai - 400 060. P +91 22 6644 2200 . F +91 22 6644 2201 . www.felindia.in. Corp. Off.: 247 Park. Tower C. 4th Floor. LBS Marg. Vikhroli (W). Mumbai - 400 083. P +91 22 6119 0000