SBEC Systems (Ind) Ltd. — Capital/Financing Update 2024

Apr 2, 2024

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02-04-2024

To, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Security Code: 517360

SUBJECT: INTIMATION UNDER REGULATION 30 AND OTHER APPLICABLE REGULATIONS OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (SEBI LODR, 2015)

Dear Sir/Madam,

We would like to inform that the Company has entered into Term Loan Agreement dated 28[th ] March 2024 to avail the Rupee Term Loan facility amounting to ₹270 Lakhs (Rupees Two Hundred Seventy Lakhs Only) from SVC Co-Operative Bank Ltd.

In accordance with requirement of regulations 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Para B (5) of Part A of Schedule III and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the detailed disclosure is enclosed as Annexure – A.

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For SBEC Systems (India) Limited

PRIYAN Digitally signed by PRIYANKA NEGI Date: 2024.04.02 KA NEGI 13:54:06 +05'30'

Priyanka Negi Company Secretary & Compliance Officer Encl: As above

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Annexure – A

		Annexure –
Sr. No.	Particulars	Disclosures
1	Name(s) of the Parties with whom the agreement is entered	SVC Co-Operative Bank Limited
2	Purpose of entering into the agreement	Corporate Term Loan of Rs 270.00 lakhs to be utilized for setting up a Solar Power Generation unit on rooftop of Modi Industries Ltd. (Electrodes division).
3	Size of the agreement	Rs. 270.00 lakhs
4	Shareholding, if any, in the entity with whom the agreement is executed	Company holds 100 equity shares at the rate of Rs. 25/- each in the Bank.
5	Significant terms of the agreement (in brief), special rights like right to appoint directors, first right to share subscription in case of issue of shares, right to restrict change in capital structure etc.	N.A.
6	Whether, the said parties are related to the promoter/ promoter group/ group companies in any manner. If yes,nature of relationship	No
7	Whether the transaction would fall within related party transaction? If yes, whether the same is done at “arms’ length”	No
8	In case of issuance of shares to the parties, details of issue price, class of shares issued	N.A.
9	In case of loan agreements, details of lender, nature of the loan, total amount of loan granted, total amount outstanding, date of execution of the loan agreement / sanction letter, details of security provided to the lenders for such loan	(i) Lender – SVC Co-operative Bank Limited (ii) Nature of Loan: Secured Corporate Term Loan (iii) Total Amount of Loan granted : Rs. 270.00 lakhs (iv) Total amount outstanding as on date: Nil (v) Date of execution of loan agreement: 28.03.2024 (vi) Details of Security – As per annexure - I
10	Any other disclosures related to such agreements, viz. details of the nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.	N.A.

	11	In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): (i) Name of the parties to the agreement (ii) Nature of the agreement (iii) Date of execution of the agreement (iv) Details of the amendment and impact thereof or reasons of termination and impact thereof	N.A.

Annexure – I – Details of Security Provided

Sr. No.	Brief Description of Nature of Security
1.	Mono-Crystalline Modules 530-545 Wp
2.	125KW Solar StringInverters(6Nos)
3.	Module MountingStructure(MMS)complete set
4.	Otherancillary parts usedinset up ofsolarplant
5.	Personal Guarantee – Sh. Umesh Kumar Modi

PRIYAN Digitally signed by PRIYANKA NEGI KA NEGI Date: 2024.04.02 13:54:47 +05'30'