Rajshree Polypack Limited — Capital/Financing Update 2025

Jan 20, 2025

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January 20, 2025

To,

Listing Department

National Stock Exchange of India Limited,

Exchange Plaza, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051

Symbol / Series: - RPPL / EQ

Dear Sir/Madam,

Subject: Outcome of Board Meeting

In compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“ SEBI Listing Regulations ”), this is to inform you that the Board of Directors (“ Board ”) of the Company at their meeting held today i.e. Monday, January 20, 2025, have, inter alia considered and approved the following items of business:

Approval for issuance of Corporate Guarantee on behalf of Olive Ecopak Private Limited:

The Board has approved the issuance of Corporate Guarantee in favour of Saraswat CoOperative Bank Ltd ("Lender”) for Term loan facility proposed to be taken by Olive Ecopak Private Limited (“Borrower”) , Joint Venture Company (“JV Company”) amounting to Rs. 2 Crs (Rupees Two Crores Only) (“Loan”) .

The details in relation to grant of corporate guarantee by our Company, required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular bearing reference number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure A.

The meeting of the Board of Directors of the Company commenced at 12:40 pm and concluded at 01:27 pm.

Kindly take the same on record and oblige.

For Rajshree Polypack Limited

MAHIPAL Digitally signed by MAHIPAL SINGH SINGH CHOUHAN Date: 2025.01.20 CHOUHAN 13:32:00 +05'30' Mahipal Singh Chouhan Company Secretary and Compliance Officer M. No. A41460

Place: Thane

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Annexure A

The details in relation to grant of corporate guarantee by our Company, required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular bearing reference number SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Sr. No.		Particulars		Details
1		Name of guarantees wasgiven;	party for which such ~~or indemnity or surety~~	Olive Ecopak Private Limited (“Borrower”), Joint Venture of the Company
2		i) Whether the promoter/ promoter group/ group of companies have any interest in this transaction?		Yes
		ii) If yes, nature of interest and details thereof		Mr. Ramswaroop Radheshyam Thard, Promoter, Chairman & Managing Director and Mr. Rajesh Satyanarayan Murarka, Non- Executive Independent Director of the Company are Directors in Olive Ecopak Private Limited
		iii) Whether the same is done at arm's length?		Yes, the transaction is done at arm’s length
3		Brief details of such guarantee~~or~~ ~~indemnity or becoming a surety v~~iz. brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee;		i) Name of the Party: Saraswat Co- Operative Bank Ltd; ii) Amount of Guarantee: Rs. 2 Crs (Rupees Two Crores Only) iii) Period: as per sanction letter
4		Impact of such guarantees ~~or~~ ~~indemnity or surety~~on listed entity		In case of default by the JV Company in repayment of the Loan to Saraswat Co- Operative Bank Ltd, the guarantee (liability) may devolve upon the Company for an amount not exceeding Rs. 2 Crores (Rupees Two Crores only).
		MAHIPAL SINGH CHOUHAN Digitally signed by MAHIPAL SINGH CHOUHAN Date: 2025.01.20 13:32:39 +05'30'

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