Garuda Construction and Engineering Limited — Capital/Financing Update 2025

Jun 12, 2025

Date: June 12, 2025

To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejebhoy Towers “Exchange Plaza” Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400051 Scrip Code (BSE): 544271 Symbol: GARUDA

Sub: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment of Non-Convertible Debenture of the Options Infra Project Private Limited.

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held on June 11, 2025- June 12, 2025 had approved an investment of up to 400 (Four Hundred) fully secured, unrated, unlisted, freely transferrable non-convertible debentures of face value ₹10,00,000/- (Rupees Ten Lakhs only) each, aggregating to ₹40,00,00,000/- (Rupees Forty Crores only), in one or more tranches

The coupon rate for the NCDs is 12% per annum.

The details, as required under the Regulation 30(6) read with Schedule III Part A Para A (1) of the SEBI Listing Regulations read with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 14 November, 2024 is attached as Annexure – A

Request you to please take the details on record,

Thanking You,

For Garuda Construction and Engineering Limited

PRAVIN KUMAR Digitally signed by PRAVIN KUMAR BRIJENDRA BRIJENDRA KUMAR KUMAR AGARWAL AGARWAL

Pravin Kumar Brijendra Kumar Agarwal Managing Director and Chairman DIN: 00845482

Annexure A

	Sr. No.	Par�culars	Details
	1	Name of the target en�ty	Op�ons Infra Project Private Limited
	2	Whether the investment is inrelatedparty	No
	3	Industry of the en�ty whereinvestment is made	Real Estate
	4	Type of instrument	fully secured, unrated, unlisted, freelytransferrable non-conver�ble debentures
	5	Face value of each instrument	₹10,00,000/-(Rupees Ten Lakhs only)
	6	Total number of instrumentsproposed to be invested	400 (Four Hundred) NCDs
	7	Total investment approved	₹40,00,00,000/-(Rupees FortyCrores only)
	8	Tranche details(if applicable)	As Mutuallyagreed
	9	Coupon/Interest ofered	12%per annum(simple interest basis)
	10	Final Redemp�on Date	Final Redemption Date for the Debenturesshall be 30 (thirty) months from the date ofissuance of Series I Debentures.
	12	Security details	Thepaymentobliga�onstowardstheDebentures shall be secured in favour of theDebenture Trustee
	13	Purpose of investment	OptionsInfraProjectPrivateLimited(“Issuer”), is a company registered under theprovisions of the Companies Act, 1956 anddeemed existing under the Companies Act,2013bearingCINU45200MH2008PTC186448havingitsregistered office at 10, Mithila ShoppingCentre, Ground Floor, V. M. Road, JVPDScheme, Vile Parle (West), Mumbai - 400 049.The Issuer holds 99% partnership interest inDND Realty Limited Liability Partnership(“Mortgagor”) and the proposed NCDissuance by the Issuer shall be utilized by theIssuer towards infusion into the Mortgagor ,either by way of capital or loan and to beultimately utilized by the Mortgagor, partlytowards the general corporate purpose andpartly towards meeting the balance cost ofcompletion of the Commercial Project knownas “Options World” bearing MAHARERAProject Registration No. P51800029357(“Project”)beingdevelopedbythe

			Mortgagor on all that piece and parcel of landadmeasuring 7,526.53 square meters orthereabouts bearing Final Plot No. 16B (part)of Town Planning Scheme Santacruz No. VIof Village Vile Parle lying being and situate atSantacruz,TalukaAndheri,MumbaiSuburban District.The Issuer proposes to issue fully secured,unrated, unlisted, freely transferrable non-convertible debentures_inter alia_againstsecurity of the Project.Further,GarudaConstructionandEngineering Limited is the Contractor for thesaid Project.NoNoNot Applicable
			Mortgagor on all that piece and parcel of landadmeasuring 7,526.53 square meters orthereabouts bearing Final Plot No. 16B (part)of Town Planning Scheme Santacruz No. VIof Village Vile Parle lying being and situate atSantacruz,TalukaAndheri,MumbaiSuburban District.The Issuer proposes to issue fully secured,unrated, unlisted, freely transferrable non-convertible debentures_inter alia_againstsecurity of the Project.Further,GarudaConstructionandEngineering Limited is the Contractor for thesaid Project.
	14	Whether the transac�on wouldfall within related partytransac�ons	No
	15	Whether thepromoters/promotergroup/group companies have anyinterest in the en�ty	No
	16	Brief details of any governmentalor regulatoryapprovals required	Not Applicable

For Garuda Construction and Engineering Limited

PRAVIN KUMAR Digitally signed by PRAVIN KUMAR BRIJENDRA KUMAR BRIJENDRA KUMAR AGARWAL AGARWAL

Pravin Kumar Brijendra Kumar Agarwal Managing Director and Chairman DIN: 00845482