Himatsingka Seide Ltd. — Capital/Financing Update 2023

Mar 16, 2023

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REF: HSL/SEC/2023/23

March 16, 2023

To To The Deputy Manager The Manager Department of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Plot No. C/1, G Block PJ Towers, Dalal Street Bandra-Kurla Complex, Bandra (E), Mumbai -400001 Mumbai 400051 Scrip Code: 514043 Symbol: HIMATSEIDE

Dear Sir/ Madam,

Sub: Intimation of Securities Allotment Committee Meeting to be held on Tuesday, March 21, 2023, to open issue of Foreign Currency Convertible Bonds (“FCCBs”) and Non-Convertible Debentures (“NCDs”).

This is further to:

(a) The shareholders resolution passed through Postal Ballot dated January 15, 2023 wherein the shareholders of the Company had approved the issuance of securities (including foreign currency convertible bonds in particular), to certain kinds of persons, including inter-alia multilateral financial institutions, for an aggregate amount not exceeding USD 13,000,000 (United States Dollars Thirteen million) or INR 108,00,00,000 (Indian Rupees One Hundred and Eight Crores); and

(b) The meeting of the board of directors of the Company (" Board ") convened on December 15, 2022 at which the Board had approved the issuance referred in the foregoing. The Board at the same meeting had also approved issuance of Non-Convertible Debentures (“NCDs”) for an amount not exceeding INR 460,00,00,000 (Indian Rupees Four Hundred Sixty Crores) to identified investors. The Board had delegated the powers to determine the terms and conditions of the issue of FCCBs and NCDs and opening of the issues to the Securities Allotment Committee of the Company (" SAC ").

Further to the same, and pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we wish to inform you that a meeting of the SAC is scheduled to be held on March 21,2023, to consider and approve

• opening the issue of Foreign currency convertible bonds (" FCCBs ") aggregating upto USD 12,500,000 (United States Dollars Twelve Million Five Hundred Thousand) to International Finance Corporation (" IFC "), terms and conditions of the FCCBs, and other regulatory matters including finalizing the regulatory floor price of the FCCBs.

Himatsingka Seide Limited Registered Office: 10/24 Kumara Krupa Road High Grounds, Bangalore 560 001, India T +91 8o 2237 8000, F +91 Bo 4147 9384 E hslblr@himatsingka.com CIN L17112KA1985PLC006647

www.himatsingka.com

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• opening the issue of Non-Convertible Debentures ( “NCDs” ) for an amount aggregating upto INR 460,00,00,000 (Indian Rupees Four Hundred and Sixty Crores) to International Finance Corporation (“IFC”), terms and conditions of the NCD’s, and other connected matters.

Please take the same on record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

Digitally signed by SRIDHAR M SRIDHAR M Date: 2023.03.16 16:01:25 +05'30' M. Sridhar Company Secretary

Himatsingka Seide Limited Registered Office: 10/24 Kumara Krupa Road High Grounds, Bangalore 560 001, India T +91 8o 2237 8000, F +91 Bo 4147 9384 E hslblr@himatsingka.com CIN L17112KA1985PLC006647 www.himatsingka.com