Shree Cements Ltd. — Capital/Financing Update 2019

Nov 22, 2019

CIN No. : L26943RJ1979PLC001935 Phone : 01462 228101-6 Toll Free: 18001806003/6004 Fax: 01462228117/228119 E-Mail: shreebwr@shreecementltd.com Website : www.shreecemenUn

Regd. Office: .t;ii ^~

BANGUR NAGAR, POST BOX NO.33, BEAWAR 305 901, RAJASTHAN, INDIA .r.s~

SCL/2019-20/ Date: 22nd November, 2019

National Stock Exchange of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex Bandra (East) Mumbai 400 051 Company symbol: SHREECEM

BSE Limited Department of Corporate Services Floor 25, Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Security code no.: 500387

Sub: Qualified institutions placement of equity shares of face value of Rs. 10 each (the "Equity Shares") by Shree Cement Limited (the "Company"), under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations") and Section 42 of the Companies Act, 2013, and the rules made thereunder, each as amended ("QIP").

Dear Sir/Madam,

Please refer to our letter dated 19th November, 2019 intimating you about the meeting of the Qualified Institutions Placement Committee ("Committee") to be held on 22nd November, 2019 in respect of the QIP.

We wish to inform you that in respect of the QIP, the Committee at its meeting held today i.e. on 22nd November, 2019, has inter alia, passed the following resolutions:

• a. Approved the closure of the issue period for the QIP today i.e. on 22nd November, 2019;
• b. Determined and approved the issuance of 1243523 Equity shares of Rs. 10 each at issue price of Rs. 19300 per Equity Share (including a premium of Rs. 19290 per Equity Share), [which is at a discount of 2.56% i.e. Rs. 506.46 per Equity Share to the floor price of Rs. 19806.46 per Equity Share], determined according to the formula prescribed under Regulation 176(1) of the SESI ICDR Regulations, for the Equity Shares to be allotted to eligible qualified institutional buyers pursuant to the QIP;
• c. Approved and adopted the placement document dated 22nd November, 2019; and
• d. Approved and finalized the confirmation of allocation note ('/CAN") to be issued to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares, pursuant to the QIP.

The meeting of the Committee commenced at 8.30 PM and concluded at 9.05 PM.

We request you to take the above on record and the same be treated as compliance under the applicable regulations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Company Secretary

JAIPUR OFFICE: SB-187, Bapu Nagar, Opp. Rajasthan University, JLN Marg, Jaipur-302 015 Phone: 0141 4241200,4241204, Fax: 0141 4241219 NEW DELHI OFFICE: 122-123, Hans Shawan, 1, Sahadurshah Zafar Marg, New Delhi 110002 Phone:011 23370828,23379218,23370776, Fax:011 23370499 CORP. OFFICE: 21, Strand Road. Kolkata 700 001 Phone: 033-22309601-4 Fax: 033 22434226