Nitco Ltd. — Regulatory Filings 2025

Jan 31, 2025

NITCO/SE/2024-25/72

January 31, 2025

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To,

Corporate Service Department BSE Limited Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Script code:532722	The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Script 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) of parties with whom the agreement is entered		Nitco Realties Private Limited (NRPL), a Wholly-Owned Subsidiary of the Company.
2.	Purpose of entering into the agreement		The Company is providing lnter Corporate Loan to NRPL. The amount of loan will be utilized by NRPL for its business purposes.
3.	Size of agreement		Rs. 20 Crore (Rupees Twenty Crore only)
4.	Shareholding, if any, in the entity with whom the agreement is executed		The Company holds 100% stake in Nitco Realties Private Limited, by virtue of this NRPL is the Wholly Owned SubsidiaryCompanyof the Company.
5.	Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.		Interest: 8 % p.a. Tenure: Maximum Three years Nature of loan: Unsecured Loan Further, the Agreement does not contain terms pertaining to right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict anychange in capital structure.
6.	Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship		The Company holds 100% stake in Nitco Realties Private Limited, by virtue of this NRPL is the Wholly Owned Subsidiary Company of the Company.
7.	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”		Yes, NRPL is a Wholly Owned Subsidiary Company of the Company, therefore the transaction would fall under the related party transactions. The transaction is beingcarried out at arm’s length basis.
8.	In case of issuance of shares to the parties, details of issue price, class of shares issued		Not Applicable
9.	In case of loan agreements, details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security			Details Nitco Limited Nitco Realties Private Limited Unsecured Loan Rs.20 Crore January 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 of Loan 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 / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis;		Security provided ,if any	Nil
			Amount of loan outstanding as on date of disclosure	Rs. 4,65,50,984
**10. **	Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.;		Not Applicable
**11. **	In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof.		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