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Sandhar Technologies Limited Capital/Financing Update 2023

Dec 13, 2023

60876_rns_2023-12-13_09fce1ae-cdaf-4e58-82a2-5dfd6f655314.pdf

Capital/Financing Update

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Ref: STL/SE/2023-24/Regulation 30/54 Dated: 13[th, ] December,2023

To, To, Department of Corporate Services Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy, Exchange Plaza C-1, G-Block, Towers, Dalal Street, Bandra-Kurla Complex, Bandra (East) Mumbai- 400001 Mumbai – 400 051

BSE Code: 541163; NSE: SANDHAR

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Respected Sir/Madam,

Pursuant to Clause 5 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated July 13, 2023, we enclose herewith the requisite details in respect of the agreement entered & disbursement of loan of Euro 500,000 to Sandhar Technologies Barcelona S.L. (STB), a wholly owned subsidiary of Sandhar Technologies Limited (STL).

S.No.	Particulars	Details
1.	Name(s) of parties with whom theagreement is entered.	Sandhar Technologies Barcelona S.L. (STB),a wholly owned subsidiary of the STL.
2.	Purpose of entering into theagreement.	Loan to STB.
3.	Size of agreement	Loan of Euro 5,00,000 to STB.
4.	Shareholding, if any, in the entitywith whom the agreement isexecuted.	STB is a wholly-owned subsidiary of STL.
5.	Significant terms of the agreement(in brief) special rights like right toappoint directors, first right toshare subscription in case ofissuance of shares, right to restrictany change in capital structure etc.	Interest Rate: 10% p.a.Term of Loan & Repayment: The loan is re-payable, along with the accrued interest, onor before March 30th, 2024 or such otherdate as may be mutually decided by STL andSTB.
6.	Whether, the said parties arerelatedtopromoter/promotergroup/ group companies in anymanner.Ifyes,natureofrelationship.	Yes. STB is a wholly-owned subsidiary of theSTL.

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800 E-mail: [email protected], website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

7.	Whether the transaction would fallwithin related party transactions?If yes, whether the same is done at“arm’s length”.	Yes. The transaction is at arm’s length basis.
8.	In case of issuance of shares to theparties, details of issue price, classof shares issued.	Not Applicable
9.	In case of loan agreements, detailsof lender/borrower, nature of theloan,totalamountofloangranted/taken,totalamountoutstanding, date of execution oftheloanagreement/sanctionletter, details of the securityprovided to the lenders / by theborrowers for such loan or in caseoutstanding loans lent to a party orborrowed from a party becomematerial on a cumulative basis.	Lender: Sandhar Technologies LimitedBorrower: Sandhar Technologies BarcelonaS.L.Nature of Loan: Unsecured LoanAmount of Loan: Euro 5,00,000Date of Execution of Agreement : 13th,December, 2023.Security Provided, if any: NilAmount of Loan Outstanding as on date(excluding this loan) : Euro 23,50,000
10.	Any other disclosures related tosuch agreements, viz., details ofnominee on the board of directorsof the listed entity, potential	NIL
	conflict of interest arising out ofsuch agreements, etc.
11.	Name(s) of parties with whom theagreement is entered.	Sandhar Technologies Barcelona S.L.