Sadbhav Infrastructure Project Limited — Capital/Financing Update 2021

Apr 15, 2021

April 15, 2021

Ref: SIPL/2021-22/06

To The Manager (Listing) Corporate Relationship Dept. BSE Limited P J Tower, Dalal Street, Mumbai - 400 001

The Manager (Listing) National Stock Exchange of India Limited "Exchange Plaza", Plot No C/1, G Block BandraKurla Complex, Bandra (E) Mumbai - 400 051

Company Code: 539346 (BSE)

NSE Symbol: SADBHIN (NSE)

Sub: Intimation of Allotment of Non-Convertible Debentures ("NCDs").

Dear Sir/ Madam,

With reference to above, this is to inform that Board of Directors of the Company has passed resolution through circulation on 15th April, 2021 towards approval of the allotment of Unlisted, Unrated, Secured, Redeemable, Non-convertible Debentures as follows:

• 1. Series-A: Allotment of 39,000 (Thirty Nine Thousand) Unlisted, Unrated, Secured, Redeemable, Non-convertible Debentures of face value of Rs. 1,00,000 /- (Rupees One Lakh only) each, aggregating up to Rs. 390,00,00,000/- (Rupees Three Hundred Ninety Crores only) ("Debentures"), for cash at par, issued on a private placement basis.
• 1. Series-B: Allotment of 16,000 (Sixteen Thousand) Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures of a face value of Rs. 1,00,000/- (Rupees One Lakh Only) each of an aggregate nominal value ofup to Rs. 160,00,00,000/- (One Hundred Sixty Crores Only) ("Debentures"), for cash at par, issued on a private placement basis.

Further, it is hereby informed that the Company has raised Rs. 550 Crores (Rupees Five Hundred Fifty Crores Only) by allotment of the said Debentures on private placement basis.

We hereby submitthe details (inAnnexure-A) as per Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 under the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for "Continuous Disclosure Requirements for Listed Entities".

You are requested to take the same on record. Thanking You, Yours Faithfully, For Sadbhav1Infrastructure Project Limited 4JQ .. .!) .;v-- ; ,~~

idikModi Company Secretary Membership No. F9193 Encl: As above

Sadbhav Infrastructure Project Limited

ANNEXURE-A

Continuous Disclosure Requirements for Listed Entities - Regulation 30 of Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Series-A

i	size of the issue	Rs. 390.00 Crores
ii	whether proposed to be listed? If yes, name	No.
	of the stock exchange(s)
iii	tenure of the instrument -date of allotment	Date of Allotment: April 15, 2021
	and date of maturity;
		Date of maturity: April 15, 2025
iv	ofcoupon/interestoffered,•schedule	11.5% (Eleven decimal point Five percent)
	payment of coupon/interest and principal	per annum. payable semi-annually
V	charge/security, if any, created over the	Secured debentures as per the transaction
	assets	documents.
vi	special right/interest/privileges attached to	Nil
	the instrument and changes thereof;
vii	delay in payment of interest / principal	In case of an Event of .default, additional
	amount for a period of more than three	interest of 2% (two percent) per annum on
	months from the due date or default in	theoutstandingNominalValueof
	payment of interest/ principal	Debentures for the period such Event of
		Default is subsisting or continuing.
viii	details of any letter or comments regarding	None
	payment/non-payment of interest, principal
	on due dates, or any other matter concerning
	the security and /or the assets along with its
	comments thereon, if any
ix	details of redemption of preference shares	per theRedemption of debenturesas
	ofindicatingthemannerredemption	transaction documents
	(whether out of profits or out .of fresh issue)
	and debentures

Sadbhav Infrastructure Project Limited

Regd Office: "Sadbhav House", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad - 380006 T: +91 79 26463384 F: +91 79 26400210 E : investor@sadbhavinfra.co.in Web: www.sadbhavinfra.co.in CIN: L45202GJ2007PLC049808

2. Series-B

i	size of the issue	Rs. 160.00 Crores
ii	whether proposed to be listed? If yes,name of the stock exchange(s)	No.
iii	ofof theinstrument •-elatetenureallotment and date of maturity;	Date of Allotment: April 15, 2021Date of maturity: July 15, 2026
iv	ofcoupon/interestoffered,schedulepayment of coupon/interest and principal	Zero Coupon with accelerated redemptionpremium.
V	charge/security, if any, created over theassets	Secured debentures as per the transactiondocs.
vi	special right/interest/privileges attachedto the instrument and changes thereof;	Nil
vii	delay in payment of interest / principalamount for a period of more than threemonths from the due date or default inpayment of interest/ principal	2% (two percent) per annum on theoutstanding Nominal Value of Debenturesfor the period such Event of Default issubsisting or continuing.
viii	of anydetailsletterorcommentsofregardingpayment/non-paymentinterest, principal on due elates,. or anyother matter concerning the security and/or the assets along with its commentsthereon, if any	None
ix	details of redemption of preference sharesindicating the manner of redemption(whether out of profits or out of freshissue) and debentures	Redemption of debentures as per thetransaction documents

Sadbhav Infrastructure Project Limited

Regd Office: "Sadbhav House", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad - 380006 T: +91 79 26463384 F: +91 79 26400210 E: investor@sadbhavinfra.co.in Web: www.sadbhavinfra.co.in CIN: L45202GJ2007PLC049808