IRB Infrastructure Developers Limited — Capital/Financing Update 2020

May 21, 2020

May 21, 2020

Corporate Relationship Department,	Listing Department,
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza, C-1 Block G
Dalal Street, Mumbai- 400001.	Bandra Kurla Complex,
	Bandra(E),Mumbai - 400051

Dear Sir/Madam,

Ref: Scrip Code 532947; Symbol: IRB

Subject: Outcome of the Management Administration and Share Transfer Committee Meeting held on May 21, 2020 and the allotment of Secured, Redeemable, Listed, Rated NonConvertible Debentures on a private placement basis

Dear Sir/Madam,

This is to inform you that the Management Administration and Share Transfer Committee of the Board of Directors of the Company (the “ MAS Committee ”) at their meeting held today has allotted Secured, Redeemable, Listed, Rated Non-Convertible Debentures of face value of Rs. 10 lakh each, for cash at par, aggregating to Rs. 200,00,00,000 (Rupees Two Hundred Crores only) on a private placement basis to an eligible investor. Details of the allotment are set out below:

Type of securities	Secured, Redeemable, Listed, Rated Non-Convertible
	Debentures
Type of issuance	Private Placement
Total no. of Non-Convertible Debentures	2,000
Size of the Issue	Rs.200crore
Whether proposed to be listed	Yes
Name of the stock exchange	Wholesale Debt MarketSegment of BSE Limited
Tenure	Threeyears
Coupon/Interest	9.55% per annum
Schedule of payment of coupon/interest	Please refer Annexure A
and principal
Security	To be created in favor of the Debenture Trustee as
	follows:
	First charge by way of pledge on 1,30,57,558
	shares of Mhaiskar Infrastructure Private Limited
	(book value per share is Rs. 191.46/-) held by the
	Issuerwhichgives securitycover of 1.25x.

 Subservient charge on current assets of Issuer for security cover of 1.0x Security will be created within the timelines specified under applicable law. Until the security is created, the Company has executed a negative lien letter dated May 15, 2020 over the proposed security in favor of the Debenture Trustee.

Delay in payment of interest/principal Not applicable amount for a period of more than three months from due date or default in payment of interest / principal Details of redemption of the Non- Bullet repayment at the end of three years, i.e., May Convertible Debentures 20, 2023; redemption amount is Rs. 10 lakh per debenture

We request you to take the above on record.

Thanking you,

Yours faithfully,

For IRB Infrastructure Developers Limited

MEHULKUMAR NATWARLAL PATEL Digitally signed by MEHULKUMAR NATWARLAL PATEL DN: c=IN, o=Personal, cn=MEHULKUMAR NATWARLAL PATEL, serialNumber=4a1816113b59302c922bb55f82b11efd9325486d58d16564a6d1458dd0a6a0fe, postalCode=400607, 2.5.4.20=94a78f064dab4ff39b7861edcf64efc2459100e5464ea6f9ea45f7ffdd0e48dc, st=Maharashtra Date: 2020.05.21 18:15:30 +05'30'

Mehul Patel

Company Secretary & Compliance Officer

Annexure A

Sr.No.	InterestPaymentDate	RepaymentDate	PrincipalPerDebenture	No. of daysin couponpayment	Interest perDebenture	PrincipalRepaymentperDebenture
1.	May21,2021		1,000,000	365	95,500
2.	May21,2022		1,000,000	365	95,500
3.	May20,2023	May20,2023	1,000,000	365	95,500	1,000,000

Note - List of Bank Holidays were not available, hence interest payment and repayment were not adjusted to that extent.