Nitco Ltd. — Capital/Financing Update 2025

Jan 31, 2025

NITCO/SE/2024-25/72

January 31, 2025

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To,

Corporate Service DepartmentBSE LimitedJeejeebhoy TowersDalal Street,Mumbai – 400 001Script code:532722	The Listing DepartmentNational Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex, Bandra (E),Mumbai – 400 051Script code:NITCO

Dear Sir/Madam,

Sub: Outcome of the Board Meeting of NITCO Limited (“the Company”) held today i.e. Friday, January 31, 2025 and disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“ the Listing Regulations ”), we wish to inform that the Board of Directors in their meeting held today i.e. Friday, January 31, 2025 has inter-alia approved granting of inter corporate loan of Rs. 20 Crore in one or more tranches to Nitco Realties Private Limited (NRPL), a Wholly-Owned Subsidiary of the Company. Further, the Company has executed the Loan Agreement with Nitco Realties Private Limited for the aforementioned loan.

The details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure I.

The Meeting of Board of Directors of the Company commenced at 12:00 P.M. and concluded at 12:40 P.M.

Kindly take the above information on record.

Thanking You,

Yours faithfully, For NITCO Limited VIVEK PRANNATH TALWAR Digitally signed by VIVEK PRANNATH TALWAR DN: c=IN, st=Maharashtra, 2.5.4.20=1ba122b609153a6d361743f9a364e2289b1fe2116e39287aee98d9129baa257b, postalCode=400026, street=Mumbai Carmichael Road, pseudonym=7579bba5c17a4f29a31a465a6afd3057, title=7098, serialNumber=487a93c67f0077b930e213846f4b5034936c03ce6ac9ee1c56371ad800c03dc8, o=Personal, cn=VIVEK PRANNATH TALWAR Date: 2025.01.31 12:43:23 +05'30'

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Vivek Talwar Chairperson & Managing Director DIN: 00043180

Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in

ANNEXURE I

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The details as required to be disclosed under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as follows:

Sr. No.	Particulars		Disclosure	Disclosure
1.	Name(s)ofpartieswithwhomtheagreementisentered		Nitco Realties Private Limited (NRPL), a Wholly-OwnedSubsidiary of the Company.
2.	Purpose of entering into theagreement		The Company is providing lnter Corporate Loan to NRPL.The amount of loan will be utilized by NRPL for itsbusiness purposes.
3.	Size of agreement		Rs. 20 Crore (Rupees Twenty Crore only)
4.	Shareholding, if any, in theentitywithwhomtheagreement is executed		The Company holds 100% stake in Nitco Realties PrivateLimited, by virtue of this NRPL is the Wholly OwnedSubsidiaryCompanyof the Company.
5.	Significanttermsoftheagreement (in brief) specialrights like right to appointdirectors, first right to sharesubscriptionincaseofissuance of shares, right torestrict any change in capitalstructure etc.		Interest: 8 % p.a.Tenure: Maximum Three yearsNature of loan: Unsecured LoanFurther, the Agreement does not contain terms pertainingto right to appoint directors, first right to sharesubscription in case of issuance of shares, right to restrictanychange in capital structure.
6.	Whether, the said parties arerelated to promoter/promotergroup/ group companies inany manner. If yes, nature ofrelationship		The Company holds 100% stake in Nitco Realties PrivateLimited, by virtue of this NRPL is the Wholly OwnedSubsidiary Company of the Company.
7.	Whetherthetransactionwould fall within relatedparty transactions? If yes,whether the same is done at“arm’s length”		Yes, NRPL is a Wholly Owned Subsidiary Company ofthe Company, therefore the transaction would fall underthe related party transactions.The transaction is beingcarried out at arm’s length basis.
8.	In case of issuance of sharesto the parties, details of issueprice, class of shares issued		Not Applicable
9.	In case of loan agreements,details of lender/borrower,nature of the loan, totalamount of loangranted/taken, total amountoutstanding, date ofexecution of the loanagreement/sanction letter,details of the security			DetailsNitco LimitedNitco Realties Private LimitedUnsecured LoanRs.20 CroreJanuary 31, 2025
			Particulars	Details
			Lender	Nitco Limited
			Borrower	Nitco Realties Private Limited
			Nature of loan	Unsecured Loan
			Amount of loan	Rs.20 Crore
			Date of execution ofLoan Agreement	January 31, 2025

Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in

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	provided to the lenders / bythe borrowers for such loanor in case outstanding loanslent to a party or borrowedfrom a party become materialon a cumulative basis;		Security provided ,ifany	Nil
			Amountofloanoutstanding as on dateof disclosure	Rs. 4,65,50,984
**10. **	Any other disclosures relatedto such agreements, viz.,details of nominee on theboard of directors of thelisted entity, potentialconflict of interest arisingout of such agreements, etc.;		Not Applicable
**11. **	In case of termination oramendment of agreement,listed entity shall discloseadditional details to thestock exchange(s):i. name of parties to theagreement;ii. nature of the agreement;iii. date of execution of theagreement;iv. details of amendment andimpact thereof or reasons oftermination and impactthereof.		Not Applicable

Digitally signed by VIVEK PRANNATH TALWAR DN: c=IN, st=Maharashtra, VIVEK 2.5.4.20=1ba122b609153a6d361743f9a364e228 9b1fe2116e39287aee98d9129baa257b, postalCode=400026, street=Mumbai Carmichael Road, PRANNATH pseudonym=7579bba5c17a4f29a31a465a6afd3057, title=7098, serialNumber=487a93c67f0077b930e213846f4b 5034936c03ce6ac9ee1c56371ad800c03dc8, TALWAR o=Personal, cn=VIVEK PRANNATH TALWAR Date: 2025.01.31 12:43:54 +05'30'

Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in