IFCI Ltd. — Capital/Financing Update 2020

Apr 20, 2020

No. IFCI/CS/2020-212 April 20, 2020

BSE Limited Department of Corporate Services Phiroze JeeJeebhoy Tower Dalal Street, Fort Mumbai – 400 001

CODE: 500106

Dear Sir/Madam,

Subject: Outcome of Board Meeting

This is to inform that the Board at its Meeting held on April 20, 2020 has approved the following:

1. Preferential Issue of Equity Shares aggregating to `200 crore to the Promoter i.e. Govt. of India, subject to the approval of the Shareholders.

2. Convening of the Extra-Ordinary General Meeting of the Shareholders of the Company on Wednesday, May 20, 2020, through VC/OAVM to consider and approve the issue of equity shares by way of preferential Allotment to Govt. of India.

This is for your information and record.

Thanking you

Yours faithfully

For IFCI Limited

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( Rupa Sarkar ) Company Secretary