J.K. CEMENT LTD — Capital/Financing Update 2020

Jul 29, 2020

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Date: 28.7.2020

National Stock Exchange of India Ltd., Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051 Kind Attn: Mr. Hari K (Asstt. V.P.) Scrip Code: JKCEMENT (ISIN.INE 823G01014)

Dear Sirs,

- Subject: Clarification w.r.t. allotment of 2500 Non Convertible Securities at its meeting held on July 23, 2020

In response to your mail dated 28.7.2020 seeking clarification regarding allotment of 2500, NonConvertible Debentures at its meeting held on 23.7.2020. Details of the aforesaid securities are as follows:

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1 Coupon/Interest Offered 7.36% p.a.
2 Schedule of Payment of Payable Semi Annually, On 23-Jan-20, 23-Jul-20 and so on till
Coupon/interest Redemption.
3 Schedule of Payment of 23.7.2022, 23.1.2023, 23.7.2023, 23.1.2024, 23.7.2024
Principal
4 Charge/security The NCDs would be secured in favour of the Debenture Trustee. The Security
Cover (FACR) will be at least 1.25 times on Book value of the outstanding
face value of the NCDs at all times during the tenure of NCDs. Pari-passu first
charge on the Fixed Assets related to the Company’s Grey Cement plants
(excluding mining land, mining leases and vehicles) at (a) Nimbahera having
capacity of 3.25 Mntpa and (b) Mangrol Line 1 in the state of Rajasthan.
“Fixed Asset Coverage Ratio” or “FACR” shall mean at any time, the ratio of
(i) is to (ii) below:
- An amount calculated based on the book value of assets of Issuer provided
as Security (as mortgaged / hypothecated / charged or as proposed to be
mortgaged / hypothecated / charged as security for the Debentures), calculated
in accordance with Ind-AS;
- The aggregate of the outstanding loans, debentures or any other borrowings,
having first pari passu charge on Security of Issuer as
mortgaged/hypothecated/charged or as proposed to be mortgaged/
hypothecated / charged as security for the Debentures For the purpose hereof,
the book value of the assets shall be calculated on the basis of the latest annual
audited financial statements, prepared in accordance with Ind-AS, submitted
by the Borrower.
5 Special right/interest/ NIL
privileges attached to the
instrument and changes
thereof
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We are also enclosing ISIN Activation letter issued from NSDL for your information and clarification.

Sincerely, For J.K. Cement Ltd.

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(Shambhu Singh) Asst. Vice President (Legal) & Company Secretary Encl: As above

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National Securities Depository Limited

Ref.: NSDL/II/PR/8496/2020

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Technology, Trust & Reach July 27, 2020

The Company Secretary J.K.CEMENT LIMITED J.K. Cement Ltd Kamla Tower Kanpur 208 001

Dear Sir/Madam,

Sub: ISIN Activation – Debt Instruments

This is in reference to your request for ISIN for Debt Instrument being issued. The details of ISIN activated in NSDL system with reference to your request are given below:

ISIN	INE823G07201	INE823G07201
Name of Issuer	J.K.CEMENT LIMITED
Instrument Description (Long)	7.36% SECURED LISTED RATED TAXABLE REDEEMABLE NON CONVERTIBLE DEBENTURES. LETTER OF ALLOTMENT. DATE OF MATURITY 23/07/2024
Instrument Description (Short)	J.K.CEMENT LIMITED 7.36 LOA 23JL24 FVRS10LAC
Instrument Details	Face Value(Per instrument):	Rs. 1000000
	Issue Price(Per instrument):	Rs. 1000000
	Issue Date/Date of Allotment:	23/July/2020
	Redemption Date:	23/July/2024
	Coupon Rate:	7.36%
	Frequency of Interest Payment:	PAYABLE SEMI ANNUALLY ON 23-JAN-20, 23-JUL-20 AND SO ON TILL REDEMPTION.
	Put / Call option with specified dates:	Put: NA Call: NA
	Certificate Nos/(Dist/NO)From – To:	1-2500
	Remark(if any):	CARE AA DT. 03.07.20
R&T Agent Details	IN200963 NSDL DATABASE MANAGEMENT LIMITED
Address where Physical Securities is to be sent	MR. NILESH BHANDARE MANAGER NSDL DATABASE MANAGEMENT LIMITED 4TH FLOOR, TRADE WORLD A WING, KAMLA MILLS COMPOUND, SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI 400 013 Phone:022 4914 2591 Email:nileshb@nsdl.co.in

Yours faithfully,

Amit Shinde Senior Manager

P.S.: In case of any further clarifications or queries, kindly get in touch with Ms. Prachi Rajapurkar/Ms. Deepali Mali on 022- 2499 4169/2499 4746.

Digitally Signed By Name: AMIT SHARAD SHINDE Date:27/07/2020 14:23:11 Reason: Authentication Location: Mumbai 4th Floor, ‘A’ Wing, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India Tel.: 91-22-2499 4200 Fax: 91-22-2497 6351 CIN-U74120MH2012PLC230380 Email: info@nsdl.co.in Web: www.nsdl.co.in| | | |