MMTC Ltd. — Capital/Financing Update 2021

Jun 9, 2021

Dated: 09.6.2021

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No. BS/325/SE.S/2019

	The Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra(E) Mumbai 400051 Symbol& Series: MMTC/EQ		Department of Corporate Services, Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 Company Scrip Code:513377

Sub:-Intimation regarding outstanding existing financial assistance/credit facilities Restructuring by Banks in terms of RBI circular dated 06.08.2020 for Covid-19 related stress.

Dear Sir/Madam,

It is hereby informed that pursuant to outstanding existing financial assistance/credit facilities Restructuring Scheme approved by Banks of MMTC Limited in terms of above RBI guidelines, the Board of Directors of the company approved the Implementation and Signing of necessary documents in this regard on 8[th] June 2021. State Bank of India is the lead Banker. Under this scheme, the company has got moratorium/deferment on recovery of interest for credit facilities upto December 2021/March 2022 and for Principal upto March 2022 by different Banks. The final settlement is envisaged out of divestment proceeds of Neelachal Ispat Nigam Limited (NINL). It may be affected by cases/ Anglo Coal, Government directives and Covid-19 pandemic situation etc. Requisite information/records were shared with Banks and subsequently, the company/banks have signed the Master Debt Resolution Agreement, Transfer & Retention Account Agreement and other necessary documents thereto, on 8.6.2021.

The above is submitted for your information and records, pls.

Thanking you,

Yours faithfully, For MMTC Limited G ANANDANARAYANAN Digitally signed by G ANANDANARAYANAN DN: c=IN, o=MMTC LIMITED, postalCode=110003, st=Delhi, 2.5.4.20=886750f107ba6b43e7bcf02a2c995b20af97dd8175618bbcf42a2bdf2c6810c7, serialNumber=a714cf5443bfb4dbf64ff5f27b1befeb9c09f4633f0592762b7ba62248475431, cn=G ANANDANARAYANAN Date: 2021.06.09 15:20:30 +05'30' (G. Anandanarayanan) Company Secretary

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