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Sandhar Technologies Limited Capital/Financing Update 2024

Mar 21, 2024

60876_rns_2024-03-21_a8551d75-7843-425f-b5a9-8222a7364623.pdf

Capital/Financing Update

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Ref: STL /SE/ 2023-2024/Regulation 30/82

Dated: 21[st] March, 2024

To, To, Department of Corporate Services Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza C-1, G-Block, Bandra-Kurla Mumbai- 400001 Complex, Bandra (East) Mumbai – 400051

BSE Code: 541163; NSE: SANDHAR

Dear Sir/ Madam,

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

In continuation to our intimation dated 08[th] March, 2024, Ref STL /SE/ 2023-2024/Regulation 30/78 submitted with the Stock Exchange, with respect to Agreement/Deed of Hypothecation entered between M/s Sandhar Technologies Limited (“the Borrower”) and Citi Bank N.A. (“the Lender”) to grant a Term Loan Facility/loan of INR. 750,000,000 (Rupees Seven Hundred and Fifty Million only) to Sandhar Technologies Limited (STL) (“the Borrower”).

It is hereby further intimated that after a thorough review of our financial requirements, the management of the Company has decided, that the current availability of funds can be met from the internal accruals and not to proceed with availing the Term Loan Facility/loan of INR. 750,000,000 (Rupees Seven Hundred and Fifty Million only) as approved earlier.

Further, we assure you that any future decision regarding the availing of this Term Loan Facility/loan will be promptly communicated to the Stock Exchanges in accordance with regulatory requirements.